Real estate in Bangalore appears as a great bet

 

Bangalore has started showcasing a more promising realty market and demonstrates increased potential for growth. This upward trend is due to many foreign investors investing in India and global Projects in bangalore funds are focused on Indian residential properties. The economic situation of the country is also improving at a rapid pace. Many e-commerce companies have erupted and are eyeing at large chunks of land and are ready to buy it at a price. The trend of starting smart cities is catching up fast, leading to increased demand for properties. Gradually rents and capital value of business park facilities have increased over the last few years.

Bangalore is one of the highly populated urban cities in India with a population of approximately 8.4 million people. It is considered the silicon valley of India with most of the IT companies headquartered here. Real estate in Bangalore is growing at a scorching pace with a lot of positive sentiment amongst the buyers. In the last two years, Bangalore has witnessed a higher share of commercial interest than other destinations. The demand has mostly come from the IT/ITES Sector. The return in capital investments is high because land is in short supply. Individual office space development was seen in non-central areas considered as a micro-market, that is Koramangala, Jayanagar, Indiranagar,  JP Nagar, Malleshwaram and Rajajinagar. A good social infrastructure and a vibrant lifestyle quotient are the main reasons that has significantly contributed in the growth of these locations.

There are some other locations in the city that have emerged as lucrative realty investment destinations in the city.   Electronics city, Outer Ring Road, Bannerghatta Road, Whitefield, North duplex flats in bangalore and Hosur have witnessed tremendous growth in recent past and demonstrates excellent growth potential too. The reasons that have contributed to bring these realty markets up the curve in proximity to the IT/ITes offices, social infrastructure and affordable prices.

The prime spot is the Sarjapur road, which is close to the ring road with easy and convenient access to the major IT companies. North Bangalore micro-market is gaining momentum due to the KIADB industrial area and the Special Economic Zones. In addition, this area is attracting interest from the NRIs and high net worth individuals after introducing the Bangalore International Airport. There are many apartments and villas coming up for the mid-income and the affluent groups.

Places like Hebbal, Yelahanka, Thanisandra and Hennur have also emerged as reasonable investment destinations. Proximity to the IT/ITes offices, affordability and easy access to other essential commodities are the key factors for improvement in this area. Commercial and residential sectors are developing considerably due to the increased commercial activities taking place in the city.

Furthermore, builders and developers are delivering their projects on time keeping in mind the interests and safety of the investors. Finally, government reforms, FDI, globalisation, IT companies, e-commerce start-ups, increase in job opportunities, re-location and population boom are the major contributors in this sector. Real estate in Bangalore appears as a great bet for the early investors as well as the end users.