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 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's 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!
To choose the best property for business is the most important decision. If you are looking for
IT office in India then this is the right place to buy. Thanks for sharing.