Bangalore is the brightest shining star of the Indian realty market which has a comparatively stable market witnessing steady prices with neither sudden fluctuations nor crashes. The city being a hub of Indian IT sector ensures strong macro-economic dynamics and several people shift to this place in search of good job opportunities, and later on find it to be the perfect place to retire and settle down permanently. This increase in expatriates leads to an increase in the housing demand in the city mainly in the range of below Rs 60 lakhs. The city does not have a huge pile of unsold inventory in comparison to many other Indian cities.
For all those who wish to Buy Property in Bangalore , it is the right time now to take a quick decision.
Bangalore has many advantageous factors like the prominence of engineering and medical colleges which guarantees a smooth career growth for the upcoming generation. It has easy availability of affordable housing and a wide range of options in rental category also.
Bangalore, famous as pensioner’s paradise, is a good place to retire since all the basic-modern amenities and facilities are easily available. There are locations which are preferred by the senior citizens, like on the outskirts of the city and nearby area, since they are less polluted and congested. Areas like Devanhalli near the airport, Attibele in south, Sarjapura, Mysore Road and Kanakapura are good investment destinations for the elders since these areas are quite calm and peaceful and enjoy seamless connectivity besides having good availability of basic social and civic utilities.
It is stable market for long term investors as it offers good appreciation on capital values and there is a minimal loss of rental value since the frequency of tenant replacement is low. The forthcoming infrastructural developments like completion of North-South Metro Corridor, Peripheral Ring Road linking Hosur Road and Tumkur Road will all positively impact the real estate sector of the city giving it a big fillip.
In north Bangalore, the enhanced connectivity via the Outer Ring Road (ORR), easy approachability to Central Business District (CBD) and closeness to the international airport are the key factors that is expected to lead to rise in the property prices. In east Bangalore, areas like OMR stretch, Varthur and Budigere are known for providing immediate returns due to their proximity to the developing IT/ITES industry and presence of several startups.
Many top notch developers are coming up with myriad of new real estate projects in Bangalore to match the requirements of all types of class, tastes, budget and age groups of people.
It is the safest micro market of the country from the investment perspective. East of Panathur-Varthur belt is a preferred investment destination due to its easy accessible to Marathahalli (ORR) which is an employment hub & Whitefield which has an excellent social infrastructure. In south, Kanakapura Road, has good investment potential due to the eagerly awaited metro rail network and easy approachability via the under constructed NICE Ring Road.