The
Silicon Valley of India is rapidly turning into the top nesting destination for
professionals and expats from round the world. Bangalore ranks first among all
real-estate markets in India to register a positive growth even in dwindling
sales trend in the segment. Between 2009 and 2015, Bangalore has climbed 6
places to reach the top position beating the likes of Pune, Ahmadabad, Noida,
Delhi NCR, Gurgaon, Kolkata, Mumbai, Indore and Ghaziabad. The pleasant climate
and world-class civic infrastructure pepped with remarkable improved governance
in Bangalore has resulted in this windfall.
source:www.rediff.com
Why
Bangalore?
There
are many factors that resulted in the kind of boost Bangalore has received from
the real estate market. Here are few of them:
-
Bangalore is very well connected by rail, road and airways.
It takes less than a day to reach from any part of India to Bangalore via
railways.
-
Bangalore is central city among the growing IT hubs. It
forms the locus of IT and ITES companies based out of cities like Hyderabad, Chennai,
Pune and Mumbai. It is the virtual core of the IT industry and hence most
preferred as a housing base by most professionals.
-
In recent years, Bangalore has replaced Pune as India’s
educational hub. More students and their guardians are following the trail for
a prosperous academics and consequent residence in Bangalore.
-
The volume of unsold inventory in Bangalore is the least
with a very good regional influx from surrounding places. It has kept the
city’s retail segment in a flourishing mode.
-
The property segment in Bangalore is stable and competitive
offering an appreciation of 13 per cent annually on land and housing assets.
This is the best for any Indian city in the real estate market.
What
Bangalore holds currently
There
are over 76,000 stock units available for grabs in prime locations in
Bangalore. The total estimate price of the available inventory is close to
80,000 crores INR. With an oversupply of 35 per cent, Bangalore’s faring in
real-estate segment is very healthy despite the sluggish start to the decade.
Of them, high-rise apartments of 1 BHK and studio apartments are most popular.
Villas in Bangalore are virtually non-existent at the moment.
Currently,
there are 1092 Residential Projects in
Bangalore expected to be complete by 2016-end. This takes the cost of
total unsold inventory to INR 65,411 Crore. Despite such a big risk, the
realtors and investors in Bangalore market are upbeat
about their gamble. As the market gets big, the buyers automatically have more
choices to pull their options from. Currently, Bangalore sells properties worth
INR 1,000 Crore every month!
source: Google Search
Best
place to buy properties in Bangalore
Bangalore
is among top three cities considered best for the High Net worth Individuals
(HNIs). There are 10,000 individual million dollar club members who have chose
Bangalore to be their base. The places that are attracting most buyers are:
-
Central Business District (CBD)
-
Secondary Business District (SBD)
-
Whitefield
-
Sarjapur
-
North Bangalore
-
Outer Ring-road
-
IT Corridor
-
Electronic City
-
Kengeri
-
Bellary Road
-
Hosur Rd.
-
Kanakpura Rd.
Top
housing projects in Bangalore are offered by:
-
Purvankara
-
Brigade Group
-
Shriram Properties
-
Golden Gate Properties
-
Ozone
-
Tata Housing
-
UshaBreco Realty
-
Godrej Properties
-
Ashoka Group
-
Jannaadhar Construction
Author - CommonFloor.com