Bangalore, the Silicon Valley of India, is home to a large number of existing and upcoming real estate projects. The city is a popular destination for industries, IT firms and educational institutions. Read more to know about the real estate scenario in Bangalore.
Being a hub of commercial activities, the demand for commercial property in the city is increasing day-by-day. Bangalore is also one of the preferred destinations for young students willing to study in reputed colleges like IIM Bangalore, Bangalore Institute of Technology, Christ University, Presidency Business School, and Institute of Finance and International Management. Also, with the presence of some of the leading multinational companies in the city, more people are shifting their base to Bangalore in search of job. With the increase in the population in city, the demand for residential property is also increasing.
Real Estate Developers
The presence of various real estate developers in Bangalore has offered state-of-the-art residential as well as commercial properties. Shopping malls, IT centers, office areas, restaurants, etc. are well designed by reputed builders like Lotus Sports City, Galaxy Developers, Pavani Homes, SRR Group, SRK Infrastructure and ETA Star. To meet the demand for real estate needs, Bangalore real estate has much more to offer, including apartments, independent houses, villas, serviced apartments and bungalows. With world-class infrastructure, the city is one of the best options to buy, rent or sell property.
Localities and Property Prices
Bangalore city has a number of localities that are ideal for buying your dream house. The southern and eastern regions of the city include several posh localities like Whitefield Road, Outer Ring Road, Airport Road, JP Nagar and Bannerghatta. These localities are the best options for selling and buying property. Other popular localities in the city include BTM Layout, Indira Nagar, K. R. Puram, and Koramangala. Apartments in prime localities like BTM Layout and Indira Nagar are expensive.
The price of flats available for sale or purchase in Bangalore mainly depends on various factors, including type of property, size, locality and facilities. For instance, a 2 BHK flat in BTM Layout, is available in residential projects like Shravanthi Prosper. The price varies from INR 30.60 lac (s) to INR 39.30 lac (s). Other popular residential apartments in BTM Layout include Raj Lakeview, Pariwar Pendant, and Sunshine. Similarly, 2 BHK flat in Bommanahalli are also available at attractive prices.
Due to an increase in foreign investments, high disposable income of people and globalization of the Indian economy, the property prices are increasing day by day, especially in city like Bangalore where employment opportunities are high for job seekers resulting in more people migrating to the city. The property developers in Bangalore are thus introducing new features and world class amenities to current projects in order to ensure that these are the best-selling properties in the city and attract more number of potential buyers.
Bangalore witnesses an increase in the prices and value of real estate market in comparison to the other cities in India. Looking at the demand for luxurious real estate projects for NRI investments and affordable projects for working class, Bangalore property developers are coming up with various real estate projects. The real estate in the city is a perfect destination not only for residential but also for long-term investment.
So, begin your property search in Bangalore right now!
Manish Rawat is a freelance writer backed by plenty of experience in writing online content for various sectors, real estate being the prominent one. His current services are engaged with Globalncr.comthat is a leading online real estate portal for finding affordable property in India.
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