Is Bangalore an Ideal Investment Destination?

Bangalore has seen many ups and downs and has its own set of problems; however the real estate market in Bangalore has seen a steady growth.

Real estate builders and properties in Bangalore have stood apart from the rest of the country. In terms of transparency, track record, fair trade, deadlines and customer satisfaction, the city surpasses all others.
Has the pleasant weather condition in Bangalore supported the growth of its real estate market? Or have they learnt from the mistakes of the past from other cities?

Smart City:

In the city’s need to become a smart city, top real estate builders in Bangalore are trying their best to please their target demographic. Green homes and smart homes are the new ‘in’ thing. Rain water harvesting, smart furniture, open spaces with greenery, gardens and compost bins are few amenities that are enticing new home buyers.You may want to know that Bengaluru was added to the ‘Smart City’ list on June, 2017.

Corporate Boom:

Bangalore is also called as the ‘IT hub of India’. This influx of MNC’s and start-ups in the city has created a demand for corporate spaces. Tech parks and buildings are solely constructed for office spaces. Gone are the days you had to work from an apartment and convert it into a commercial space. Ready to move in corporate spaces are available at every nook and corner of the city. Tech Parks have been set up in every nook and corner. Thousands have started coming to the city with the promise of job opportunities.

Growth fuelled by IT –

The demands for Software engineers have risen and so has their wage. Their demand for luxury homes and amenities has encouraged real estate developers in Bangalore to raise their bar and standards of construction. IT professionals wanted the same kind of transparency and standards they were providing their customers. Developers have tried to reach that level of expectations and meet deadlines. Bangalore has been one of the most preferred locations for youngsters who are looking to settle down.

Demand supply equilibrium-

Bangalore might not be the best choice for investors in terms of profits. Nevertheless the stability she provides gives confidence to investors and helps her stay the top choice. In comparison to other metropolitan cities, the cost of housing property per sq.ft is much lower. Builders claim that Bangalore market offers value for money for buyers. There is a however fear of market saturation in the near future due rapid construction rate and growth.

Weather –

Nor hot nor cold, Bangalore has won the hearts of millions because of its pleasant climate. Top Educational institutions have started to open up branches in Bangalore because of this reason. Apart from lucrative jobs and opportunities, the weather invites fresher’s to set their base in the city. Once you’re in Bangalore you wouldn’t want to leave the city.

The state of Real Estate and Prices –
•Sarjapur Road – Rs.4,760 – 5,992/sq. ft.
•Marathahalli – Rs.5,100 – 6,672/sq. ft.
•Indira Nagar – Rs.8,500 – 11,348/sq. ft.
•Hosur Road -Rs. 3,782 – 4,802/sq. ft.
•Electronic City – Rs. 3,528 – 4,590/sq. ft.ss
•Nallurhalli – Rs. 5,058 – 5,440/sq. ft.
•Kengeri – Rs. 3,358 – 4,250/sq. ft.
•Budigere – Rs. 4,590 – 4,972/sq. ft.
•Yelahanka – Rs. 4,250 – 5,312/sq. ft.
•Horamavu – Rs. 3,442 – 4,080/sq. ft.
•Mysore Road – Rs. 4,038 – 5,142/sq. ft.