Considerations for buying property in Bangalore

Real Estate

Where is Bangalore real estate headed?

Having developed to become one of the biggest metropolises in India, Bangalore is growing at an unprecedented rate. This beautiful city may be called as the silicon valley of India and rightfully so, but it is also home to most of the major manufacturing, engineering and ecommerce companies. The availability of huge job opportunities, multicultural population, the nightlife and entertainment options has made it a hot favourite among young Indians and expatriates. The significant influx of people from all over the country and expatriates have led to the multidirectional growth of this city. The capital is growing every day and, unlike other Indian metropolises, Bangalore has a spurring real estate market which has been developing consistently over the years and returning capital appreciation year after year.

Your personal needs

Buying a plot, villa or flat certainly depends on your personal needs. You either choose to be the end user or to buy the property solely for investment purposes. If you are an end user, buying an apartment or looking into villas in Bangalore can help you save on rising rents and accommodation expenses.aaaaType of property

Bangalore is home to some small and some very large developers who have been launching new projects across the city. With renowned international designers and architects making their mark on the real-estate map of the city, a buyer here is offered diverse options for choosing the right type of property based on their needs.

Location

Before finalising on apartments in Bangalore, it is extremely important to first decide on the location where you want to buy. There are a host of flats in Bangalore to choose from, be it commercial areas, residential communities or in the outskirts.

Intent of investment

Choosing a location again depends on the intent of your investment. If you are planning to set up home and start living in the new house, you might want to invest in a property close to your office and your child’s school. If you are buying a plot for investment, investing in the outskirts is a good idea as the city is swiftly growing. If you are planning to give your apartment for rent, it’ll prove profitable to invest in locations closer to offices, SEZs or IT hubs.

How will the city look in 5 to 10 years?

There’s no doubt that Bangalore is an extremely promising city for investors. In 5 to 10 years, with good infrastructure, proactive governments and local bodies, Bangalore has all the potential to become one of the top cities in Asia.

Current options

There are several locations which are currently showing heavy demand when it comes to real estate. Some of them are Indiranagar, Yelahanka, JP Nagar, Nasarapura, Hennur, Whitefield, Sarjapur, KR Puram, Devanahalli, Hoskote, Banashankari and more. All these locations have been given very high ROIs and considered to be some of the best regions for buying villas in Bangalore.

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