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Bangalore Real Estate

Bangalore Real Estate Market



Indian Real Estate sector has experienced exceptional growth in the recent years. Bangalore, the Silicon Valley of India is blessed with many attractions including Gardens and Parks, Natural Lakes, Beautiful Landmarks, Historical Monuments and a Pleasant weather conditions that make this city the hub of the most attractive real estate in India. Bangalore is considered the IT capital of India with a number of profitable opportunities in the residential and commercial. This is the most preferential destination for IT and other companies, which are also the largest contributors to the growing market of Bangalore Real Estate.

Bangalore's population grew by 35% over the last decade and is estimated at nearly 10 million in the next couple of years. This is mainly due to the boom in the IT sector which has led to rapid growth of the economy has invited jobseekers and employers from different parts of the country. This large-scale migration has raised the need for industrial space and residential houses. Many top property developers have been the rapid development of infrastructure in Bangalore and come back with residential, commercial and industrial structures.

Many major players in real estate sector are investing in Bangalore real estate market because they are getting good return on investment. The city offers housing many options from one bedroom flat to 3 bedroom luxurious apartments and even independent villas.

According to a report released by real estate research firm, Bangalore is the first destination of the property for commercial and industrial sectors. It is the third preferred destination for residential and hotel sectors in India for real estate investment. The report strengthens the result adding that Bangalore may witness in the need of 34 million square feet of office space over the next 3-4 years.

There are many areas in Bangalore which are encouraging and catching the eyes of leading builders and developers like Indiranagar, J P Nagar, Bannerghatta Road, Koramangla, Banshankari, Jayanagar, Malleshwaram, Marthahalli, BTM Layout, Madiwala, HSR Layout, Whitefield, K R Puram etc. These areas are well planned residential areas with good connectivity with other areas and prices are also affordable when it is compared to areas in west and central Bangalore. Apart from that, Koramangala is emerging as the most happening localities in Bangalore and demand for property and accommodation here is mostly ambitious by IT professionals. The rental values are also more in Koramangala as compared to other parts of the city.

Several issues like vehicle parking, bad road conditions and traffic jams in the main city has enforced property developers and builders to search for options in the out skirts of Bangalore. The outskirts of Bangalore has a rapid growth potential and good supply and the rental values are reasonably low.

With the slated exit of recession and the large scale real estate developments in Bangalore, it is just the perfect time the Bangalore real estate market.

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