Bangalore enjoys a robust realty market

Bangalore enjoys a robust realty market as it is a home to major blue chip companies and giant IT companies. The city is also known to be the 'silicon valley of India' due to the burgeoning industrialization and scorching growth pace.   The city's lifestyle, demographics and job opportunities have attracted people from all over India and also abroad.  The city enjoys a pleasant weather all round the year that increases its attractiveness. It is a beautiful melting pot where different cultures meet. With this, the demand for Luxury apartments in bangalore good locations has also gone high.  Buyers and Investors are not only eyeing these homes as an asset, but also as a change that offers an enriched lifestyle.

Spurt in luxurious apartments in Bangalore

Over the past few years, Real estate in Bangalore market has witnessed a tremendous surge in luxurious houses. These houses are primarily targeted towards high net worth individuals and therefore, real estate developers are focusing on high-end villas and row houses equipped with all the ultra modern amenities.

Profitability is the main reason for developers to join the premium houses trend. The homes are not only large in terms of square feet area, but also have added benefits such as Wi-Fi, swimming pool, jogging track, badminton courts, sensor locks, gazebos, helipads and many more. Luxury apartments in Bangalore are crafted with finest details and give a wonderful opportunity to experience royalty.  

Thanks to technological advancements, developers are coming up with customized villas offering top notch amenities meeting the international standards. Bangalore's real estate developers have refined their projects from time to time, which have further fuelled the demand for high-end residential homes.

 

Region wise growth of premium apartments

North/North West

A series of premium apartment new projects in bangalore have been undertaken in the sub-markets of places like Hebbel. Developers have chosen the place because of its prime location, good connectivity and ongoing infrastructure developments. Numerous luxury houses have come up in the area between Hebbel and Yelahanka. North Bangalore has all the potential to develop as the hub of premium residential homes in the coming time.

South

In the south, Bannerghatta Road has seen a surge in premium villas and houses. Localities like JP Nagar and Banashankari too have seen a surge in high-end residential villas.

East

Premium villas have come up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The Proximity to the city's airport and extensive bus connectivity has added tremendous value to these areas. These areas demonstrate excellent potential for growth in the future and promises whopping returns.

 

West

Several high-end residential projects have been launched in places like Yeshwantpur and Dr Rajkumar Road. Because of presence of several retail chains and hotels, demand for villas from these places have shot up dramatically.

 

As of now, there are many luxury home units in the city at various stages of planning and construction. Value of luxury homes in Bangalore is much higher as compared to other metropolitan cities in India. The promising real estate scenario in the city is envisaged to boost the demand of high quality housing units further in the days to come.

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.