Analyzing Bangalore’s Current Real Estate Market Condition
Bangalore’s real estate market scenario has witnessed worthy development both with respect to the housing and corporate projects in the last few years. The realtors and developers are venturing into the construction of high-end, luxurious and premium villas and apartments to cater the demand of the High Net Worth section of the society which consists of not just professionals engaged with the Information Technology sector but even the businessmen enjoying profits from industrial boom in Karnataka.
Real Estate Growth in Tech City Bangalore
The Information technology sector of India has witnessed a growth of about 30% with respect to the residential properties along with 50% appreciation of the land rate. The city’s real estate market is experiencing boom owing to its state of the art infrastructure, good connectivity, good climatic state as well as upcoming metro routes. This has even grabbed the attention of the NRIs willing to have a property in India.
Another essential aspect causing this boom in the real estate industry in Bangalore is the manner in which the city has been planned. The authorities responsible for carrying out the development task in the city have carried out the same in an organized manner thus enabling growth in every possible direction. Keeping in concern the growing population of Bangalore city, they have lined up some major infrastructural projects which is inclusive of the Metro Rail Phase I and II, Signal free Outer Ring road, Bangalore Mysore Infrastructural Corridor, High speed rail to Bangalore Kempegowda airport, Expressway to Kempegowda airport and others.
Reasons to Buy Apartments in Bangalore- The Capital City of Karnataka
The market trend as well as the real estate growth has boosted both the buyers and the builders to make investment in the high end buildings. These buildings have been skillfully designed keeping in concern all the needs of the buyers. This includes:
- Good location i.e. away from the Huss and buzz of the city
- Close proximity to some of the basic amenities such as parks, hospitals, shops, schools, multiplexes.
- Modern design for making your living beautiful
- Spacious and well ventilated apartments
- Ample parking space along with security, water and electricity backup
Most of the apartments available for sale are purchased by end users i.e. those who buy the apartments for self-stay. This is followed by offering the apartments on rent owing to the high rental charges in Bangalore city.
Go Ahead With Your Investment Decision
It is always said that home is where your heart is. Everyone wishes to have a home of their own which is designed in a way to offer enough comfort and peace after the day’s hectic schedule- a home where you can spend quality time with your loved ones. So make a leap and actively work for achieving your dream. And keeping in concern the real estate scenario of Bangalore, nothing seems better than making an investment with this city. Not only will you enjoy a comfortable stay but also high price upon sale of the property.