Leader: IBEF states that the Indian Bengaluru Real Estate market is predicted to touch the mark US $ 180 billion by 2020.
The Indian Brand Equity foundation says that Bengaluru Real Estate has topped the charts for property investment, followed by Delhi, Goa, Chennai, Ahmedabad, and Pune. IBEF states that the Indian real estate market is predicted to touch the mark US $ 180 billion by 2020. The housing sector gives 5-6 percent to the country’s GDP.
Bangalore has clocked a good growth rate over the past few years. IT has played a stellar role and is one of the main reasons for fast real estate development. Bangalore comprises of phenomenal educational institutions, physical infrastructure, and good social infrastructure. The city has solid ground for macroeconomic dynamics and stability, mainly in regards to the IT/ITes sector creating real estate demand.
Checkout Adarsh developers customer reviews on their projects located in Bangalore.
Interestingly, there are good residential properties in Bangalore: Sarjapur Road, Outer Ring Road, Whitefield and North Bangalore.
However, the real estate faced jerks such as RERA, GST and the union budget presented by the government. Surprisingly, the Bengaluru real estate hardly faced any shocks with new reforms. There are several reasons for the cushioning of the impact:
Stability: In comparison to other cities in India, the Bengaluru Real Estate is stable as it is pushed by the end users.
IT investments: Investments from companies coupled with the superior growth of startups leads to white-collar workers looking for jobs.
Climate: The pleasant climate and low vulnerability to earthquakes, make Bangalore an ideal place for the retirement of families and individuals.
That’s not it.
Bangalore’s “hill station weather” and low vulnerability to earthquakes give Bangalore a formidable reputation for families and individuals.
Luxury Residential Bengaluru Real Estate:
Bangalore is famous for its villa projects in India. For example, row house developments are gaining recognition in North Bengaluru Real Estate, Sarjapur Road, ORR, and Whitefield micro-markets. The residential buyers in India hold immense importance to the product’s quality.
Also, Bangalore is a prominent market for villa projects in India. For example, villa and row house developments are thriving in North Bengaluru, ORR, Sarjapur road and Whitefield micro-markets.
Certain segments of the population are careful with respect to their real estate needs, so affordable housing units are been constructed. For example, economical housing projects are developed in the suburbs, as they offer land parcels at lower acquisition costs. Moreover, the areas, Hosur Road, Mysore road and Kanakpura have witnessed a spurt in demand for this segment.
The renowned property developers—Brigade Golden gate properties, Shriram properties and Nitesh estate are laying focus on this segment.
Moreover, national players such as Godrej Properties, Tata housing, Usha Breco Reality, Ashoka Group, Brigade Group, and Jannaadhar Construction have plans to enter this segment.
Last, but not the least, the national players—Godrej properties, Tata housing, Usha Breco Reality, Ashoka Group, Brigade group and Jannaadhar construction have made plans to enter the segment.