The Indian Brand Equity Foundation says that Bengaluru 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.
Over the last few years, Bengaluru has clocked a good growth rate. IT has played a stellar role and is one of the main reasons for rapid real estate development. For instance, Bengaluru has good educational institutions, physical and social infrastructure. There are promising residential properties in Bangalore: Outer Ring road, Sarjapur road, Whitefield and North Bangalore.
Bengaluru offers a fruitful investment, if one is thinking to invest in Bangalore’s real estate, offering modern amenities and high standard of living. The market gives a fruitful return if one can wait for 5 or 10 years.
The experts from the real estate industry believe that Bengaluru is a good place to retire. They feel that huge parks, lakes, gardens and job opportunities make Bangalore a suitable place to settle. Bengaluru west has become a strong destination with its state-of-the-art soft and hard infrastructure with the mentioned facilities.
According to reports, Bengaluru has recorded the highest office space absorption in 2016 amounting to 34 million square feet (msf).
Several investors feel that the skills displayed by the property developers in Bangalore is much higher than the other cities in India. This pumps up the investors to make an investment without any risk.
That’s not it.
There are more reasons for the growth Bangalore’s real estate market. Firstly, Bengaluru real estate market has been sturdy in comparison to other cities in India. Secondly, the city attracts investments from a plethora of technology companies along with startups. This leads to large number of workers migrating to the city in search of job opportunities. Thirdly, good weather conditions influences families to purchase homes in Bangalore.
Furthermore, Bangalore is a lucrative option, if investors wish to make long term investment. There is hardly any loss of rental income as the time taken to find or replace tenants is low.
Property Developers in Bangalore
At a large scale, the new apartment projects in bangalore are handling projects on a wide scale. For instance, a property developer named Adarsh Developer is handling commercial, residential and office projects.
Adarsh Developers has built a brilliant reputation for superior construction on the ‘palm meadows project’. The facilities are good for children as shops and malls are near-by.
Adarsh Developer’s vision is to develop pockets of land in order to build world class properties that have superior standards in quality. Their houses, villas and apartments are projects are well planned and implemented.
Also, they offer eco-friendly homes. Since twenty years, Adarsh has been providing plenty families a stable home. Until now, several customers are happy with the services provided by Adarsh Developers.