The city of Bangalore had seen incremental change in terms of growth, population and the number of migrants coming to the city from different states. Also, being the hub for IT companies it has created tons of opportunities for many people, due to which the demand for housing and rental has been growing in the city. In the past decade, the city has grown in terms of connectivity, infrastructure and work opportunities. Undoubtedly it is one of the leading cities in terms of development. With a comparatively stable real estate market, it is an opportune time for real estate investment in Bengaluru. However, one might wonder why Bangalore real estate is a good bet? How healthy the sector there is? So, here are the following reasons that might prove handy to answer these doubts.
Bangalore is the Silicon Valley of India, due to which it attracts a lot of investment (both foreign as well as domestic) in the sectors like IT/ITES, manufacturing etc. these investments helps the city to build strong macro-economic dynamics and smart infrastructure. Having said that, the city due to this fact is able to attract a large number of working populations from all around the globe. Hence, there is a great demand for both housing as well as rental properties. Also, the city’s real estate demand is witnessing a positive shift. Due to stable realty market conditions, steady price rates and the absence of drastic fluctuations – the market is seen as an ideal destination to invest in. International investors prefer investing in Bengaluru because the city paves the way for lucrative returns while investors gain favourable government policies.
Not to mention, Bangalore is a cosmopolitan city and attracts varied residents from different culture and ethnic backgrounds, making it a home to unique mix of people. The city has emerged as one of the fastest growing metropolises. The city boasts start-up ecosystem, enhanced commercial activities, renowned educational and research institutes. The city is consistent when it comes to ROI with one of the most important factors being the presence of SEZ’s, and IT parks across the city. Also, Bangalore is known to attract students across the country for pursuing higher education and better job opportunities.
So, in a nut shell the reasons why Bangalore is good for real estate investments are due to presence of supporting government policies and plans, presence of IT companies, migration of people from different background and ethnicity, presence of SEZ’s and tech parks, increased domestic as well as foreign investment, smart infrastructure, stable market conditions etc. Hence, in my view if you are looking to buy a home or a flat, Bangalore is certainly the best bet for you.