The real estate market of Bangalore is growing at a burgeoning pace. The city has witnessed massive growth both in residential as well as commercial real estate. Properties in Bangalore are known for their affordability, high-quality and top-class amenities. There is no dearth of luxury apartments, villas, furnished apartments, affordable houses, condominiums, etc. in the city. Bangalore is one of the safest places for investors.
Highly favorable demographics
The highly favorable demographics make Bangalore a safe and profitable destination for investors. The city has witnessed rapid growth in infrastructure that has lured buyers. Return on investment is as high as 20%.
Structural reforms
Structural reforms such as foreign direct investments and setting up of real estate investment trusts (REITs) will bring more transparency in the sector and provide flexibility to raise funds. While earlier real estate developers in Bangalore faced problems related to funds, these structural reforms will help them overcome this hurdle.
Bangalore will also benefit from the proposed smart city plan announced by the Government in the budget. It will provide a great opportunity to property developers in the city to come up with new projects.
Establishment of IT parks and other infrastructural projects will further propel the real estate market of the city. Not only physical infrastructure, but growth of social infrastructure also makes the silicon valley of India a safe investment destination for realty investors. The city has numerous reputed educational institutes and hospitals along with employment opportunities.
Availability of land at cost-effective prices is a major reason for developers launching ambitious projects in the city. Thus, there are enough options for buyers. In coming days, the real estate market of Builders in Bangalore is expected to witness further boom. With Namma Metro connecting various parts of the city and the cosmopolitan nature, Bangalore’s real estate will touch new heights in the future.
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