Wednesday, 7 October 2015
Is Bangalore Your Destination for Real Estate Investments?
Investing in real estate sector is not always about the finances and the property that you want invest in. There are factors such as the city, location, amenities and price of the property that should be taken into consideration. The real estate market in India has been witnessing a steady growth and a transition as well. Amongst all the leading metro cities in the country, Bangalore is being counted as the ideal destination for investing in real estate sector.
Bangalore, the capital city of Karnataka and leading professional and education destination for Indians, has been witnessing a growth in the professional developments such as Information Technology hubs in areas like Marathahalli and Hebbal, manufacturing industry offices in Malleshwara, Peenya and Bommasandra and multiple SEZs spread across the city. This has prompted the inflow of young professionals in the city and look for investing in properties.
The growth of affordable properties across the city has also contributed to the growth and development of accessible transportation system such as Namma Metro lines (nine of them already functional within the city) along with better connectivity of routes for employees to travel conveniently.
Since the inflow and the number of young professionals is increasing day by day in the city, the need for properties is also noticed to be rising. Most of these young professionals plan to stay in the city for a minimum of 4-5 years and hence, plan to invest in properties which can be afforded through housing loans available with them. This has given rise to the development of affordable yet luxurious apartments by real estate developers such as the Confident Group, who has been dedicatedly building properties in the areas which are closer to the IT companies and strategically located to the major hubs in the city. These apartments are mainly available with the basic and additional amenities such as additional car park facilities, children’s play area, swimming pool, community club house, gym, etc.
Other than the working professionals, Bangalore as a city attracts the students as well. This city has some of the leading educational institutes for the graduation and post-graduation studies. Students after passing out from these institutes prefer to work in the same city rather than opting for moving to other parts of the country. Since they already know the city well, they also prefer investing or buying properties in Bangalore and settle down comfortably.
Investing in real estate makes a person expect a good return on investment either through the resale value or the property itself. Areas such as Whitefield, Electronic City, Indiranagar, Hebbal, etc. are known to have properties that can earn a good resale value on the properties, more so in case of residential properties.