What is the future of real estate in Bangalore?

Bangalore is home to small and huge corporations, thousands of individuals and many industries who return from completely various components of the country with different cultures. Bangalore is no more just the IT capital of India however additionally homes, aeronautics, biotechnology, space research, natural philosophy machine tools, automotive parts, scientific analysis, silk trade, and defense science analysis.

As per the reports, the real estate industry has seen a lot of ups and downs, it has still emerged out to be one of the leading sector in India. Now RERA is completely operational and the fraudulent and few small players have just been guided by the market rules and the regulations. There is a push in the demand in the apartments for sale in Bangalore and other cities again points out the top and medium-sized builders.

The market watchers point out that earlier it was the age group within 41 to 50 years which were the main segment of buyers. Now the age group has moved between 30 to 40 years and according to most of the builders, 60 to 70% of the buyers are in this age group. Surely this signifies that there is a flood in the buying power of the target market and this has additionally prompted the spike in the demand for housing in Bangalore.

The buyer’s assumptions are again up and the demand is seen to be picking up in all the major cities and of course, Bangalore is at the top inferable from the high purchasing power of its denizens. The statistics and industry experts say that the builders with a good reputation have been doing genuinely well in the common market. The reports say that Bangalore will be one of the biggest hubs of the real estate sector in the country.

In the last two years, Bangalore saw the highest jump in average property prices at about 6%. Currently, the average prices in the city are INR 4,950 per square feet.

The price range in the top localities is as follows:

Whitefield - 3,524 - 20,394 / sqft

Electronic City- 3000 to Rs. 4000/ sqft

Sarjapura Road- 2,765 - 9,313 / sqft

HSR Layout – 3435- 1500/sqft

Banashankari- 3359- 14420/sqft

East Bangalore- 1502- 7083/sqft

The rental yield of Bangalore has been fairly great with Whitefield, Sarjapura Road, Electronic City, Kanakapura Road, Yelahanka, and Bannerghatta Road are the best areas where more demand and the heightening of costs were in the range of 3 to 5%. The rise in property prices has witnessed a marginal increase from investors and homebuyers.

The Bangalore market will be highly sensitive and will respond flooding the prices considerably higher when the overall market of India begins demonstrating an upward trend. So this is the right time to buy a property in Bangalore within affordable prices.

Those who are in search of their dream home in Electronic City, Whitefield, and Mysore Road, Gopalan Enterprises is one of the best builders in Bangalore. They offer luxury apartments with the best amenities to fulfill your dream home.

Is it the right time to invest in property market of Bangalore?

The burgeoning property market of Bangalore has attracted investors from all across the globe. Investing in property in the silicon valley of India promises a high return on investment along with several other benefits. The property market has witnessed a rapid appreciation in Bangalore and it is the right time to buy a home here.

A range of properties

With the growing demand for high-class residential apartments in Bangalore, real estate developers are offering a range of properties. They are equipped with top-notch facilities that make living a pleasant affair.

High return on investment

Physical and social infrastructure has grown at a rapid pace in Bangalore over the last few years. Commencement of Namma Metro has aided the growth of the city and hence, properties offer a high return on investment. Rate of appreciation is expected to go even higher in the coming days and so it is the right time to invest in properties.

Cost-effective

Properties in Bangalore are cost-effective. Developers charge according to the facilities and amenities offered. Prices vary from place to place and buyers can be rest assured of a good deal. With the festive season on, developers are offering lucrative discounts.

Innovative architecture and design

At this moment, property developers in Bangalore are taking an innovative approach during construction. As there is a great demand for properties from non-resident Indians (NRIs), therefore, developers are focusing on technology-based innovation.

Rapid all-round development

 IT has been the catalyst for the growth of Bangalore. There has been a rapid all-round development, and Bangalore offers the perfect environment for work and growth.

Establishment of IT parks along increase in income level will be the major growth drivers for the realty segment. With several multinational companies planning to open new offices in Bangalore, real estate developers have every reason to remain upbeat.