Aug 2018
30

Bengaluru: The Real Estate Investment Hub

By Zricks.com
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Bengaluru: The Real Estate Investment Hub Update

The buzzing city of Bengaluru tops every aspiring home buyer's list. It is known to have the perfect concoction of happening city life and traditional roots, making it the perfect place to live in for both families and bachelors. Let's take a look at why this top city continues to be the most preferred destination for real estate investment.

The IT boom:

  • The strong presence of IT companies in Bangalore has influenced the city's real estate.
  • The IT boom created abundant jobs for local Bangaloreans, people from across India and foreign nationals.
  • The increased population also led to a demand for commercial properties and co-working spaces.

The cosmopolitan lifestyle:

  • Bangalore is one of India, fastest growing metropolitan cities with an economic growth of 10.3%.
  • Presence of 682 MNCs,131 biotech companies, 1,685 IT and ITES has led to a good mix of cosmopolitan crowd.
  • This has resulted in Bangalore becoming a well-rounded city, with forward-thinking individuals.

The unmatched infrastructure:

  • Bangalore is packed with a multitude of startups, MNCs, parks, hospitals, residential and commercial establishments.
  • It has several educational institutions at primary, secondary and collegiate levels. Students also contribute to growing number of rental properties.
  • The social infrastructure offered by the city is unmatched with a good balance of family-centric entertainment zones.

The seamless connectivity:

  • From elevated expressways and highways to state-of-the-art flyovers, the city is well connected.
  • The city is covered with a labyrinth network of bus routes under the Bengaluru Metropolitan Transport Corporation.
  • The newest addition is Bengaluru's Namma Metro which further connects the city.
  • A 33km high-speed rail link connects Bangalore's central business district to the international airport.

The burgeoning localities:

  • Bangalore strikes the perfect balance between upcoming suburban localities and well-established real estate hubs, offering something for everyone.
  • Few of the burgeoning localities include the areas of Devanahalli, Hebbal and Bannerghatta, to name a few.
  • These regions offer splendid appreciation rates making It the most sought-after destinations for real estate investment.

The Bangalore property market is expanding and escalating in all directions, making the perfect investment hub for customers, developers and investors alike.

Updated: 8/30/2018 5:12:48 PM

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