The IT hub of India, Bangalore is home to the finest multinational corporations, tech startups, and R&D centres in the country. This, along with the presence of reputed educational institutions attracts a young population of students and professionals. It has in turn increased the rental market h..t here
The social infrastructure here is excellent as well, as the top restaurants, shopping malls, schools, and healthcare are present in BangaloreThere are also numerous lush green parks here, which is why this city is also called as ‘the garden city of India’
A good network of national highways and rail lines further offer good connectivity hereThe Namma Metro line and Peripheral Ring Road are set to transform Bangalore, seamlessly connecting the Northern and Southern parts of this city The Kempegowda International Airport at Devanahalli is easily accessible as well
A constantly evolving infrastructure, presence of top developers, great IT hubs, & pleasant weather has increased the demand for properties in BangaloreAside from end-use, home investment is popular as well Buyers here include NRIs too, who prefer to invest in a range of properties here, from affordable to premium[ View More ]
As per a Knight Frank Report on Bangalore, residential sales grew by over 40% in 2022. Despite increase in interest rates, the rising sales show that the buyer sentiment for properties in Bangalore has been strong.
Being close to top IT hubs in the city, South Bangalore has continued to rem..remain a popular region for residential investment and accounted for more than 45% of the overall sales in the second half of 2022 This was followed by East Bangalore, where sales were primarily focused in areas such as Whitefield and KR Puram
There was a slight increase in the residential launches as well, with reputed developers mostly focusing on the East & South regions of BangaloreThis is mainly due to rising commercial leasing and upcoming metro lines here, which make properties here ideal for end-use and investment as well
In configuration type, the demand is high for 2 BHK homes priced between 40 lakhs to 1 CroreHowever in recent years, there has also been a significant rise in the sales in the luxury residential sector with homes priced above 1 Crore This is mainly due to the rising number of businesses and startups that has led to an increase in population earnings[ View More ]