Features that make Bangalore Real Estate stand apart from others

Bangalore has been on the top of the game when it comes to Real Estate, securing its place at the bottom of the list published by ASSOCHAM regarding the unsold units all over the country. It is quite significant that Bangalore has lower delay rates in providing homes to the homebuyers averaging about 31 months

From unique designs to sustainable measures in townships, Bangalore has it all covered, putting this city ahead of the pack. The layout of the Bangalore real estate market is entirely dynamic even with the struggle of the realty sector with the country being plagued with the current holocaust and economic upheavals. The demand for real estate, flats, independent homes, and the best apartments in Bangalore is pretty high due to the inrush of migrants from other parts of the country.

Not just residential properties, even commercial spaces are in huge demand in Bangalore as all the IT giants like Wipro, IBM, Infosys, etc have their setup in this city and are continuously looking to expand their business by acquiring spaces around Bangalore. North Bangalore is fit as a fiddle for the IT companies, having large masses of available land away from the chaos and congestion of the city. Apartments near Devanahalli are in huge demand because of the rapid industrialization in North Bangalore.

Stand Apart Features of Bangalore Real Estate

1. Molded according to the need of End-user

Owing to the high inundation of migrants into the city and the industrial gush, the Real Estate market of Bangalore is vastly end-user driven. This is one of the reasons as the market has to mold according to the purchasing power of the homebuyers who are mostly end-users involved in the IT and other industries, the prices of properties in Bangalore has always been stable opines the experts and analysts.

Most of the people in Bangalore are millennials who have a unique set of perceptions towards residential properties, The Real Estate developers are going an extra mile to align to the end-user perception and offering the best residential projects in Bangalore.

2. Ethical Conditions

Even before RERA came into play, the condition of the real estate market in Bangalore had been fairly ethical with minimal scams and fraudulent activities. The Bangalore market has always complied with the standards set by the government with the lowest delay in delivering the projects. The quality of construction has been top-notch compared to other metros and cities of India. After the enactment of RERA, the end-users and the homebuyers felt more safe and secure about their investment.

3. Duck soup credit facilities

Another significant aspect of the buyers of the Bangalore real estate is that it majorly relies on credit and homebuyers buy apartments on home loans. As the investors are scanty, most of the buyers buy homes or properties on bank loans, and the notion that approval from any of the financial institutions denotes that the property’s due assiduity is done and is taken by the investors as litigation free. Flats in Devanahalli are having exciting offers attached, easing the credit facilities. As the Bangalore real estate market runs primarily on credit finance from nationalized banks, the cash crunch due to the demonetization did not affect the city, unlike other metropolitan cities.

4. Growth Opportunities

IT and the ITeS sector are two prominent sectors that account for the major consumers of homes in Bangalore. The growth of IT and the ITeS sector in the city has been stupendous along with the inrush of the global IT giants who have moved to the city. The employees of these industries are the acquirer of the mid-segment apartments in the city. Not just the demand for homes and apartments but the commercial market and the space for coworking has also jacked up in the city due to the workforce from these IT and ITeS sectors.

Final Words

Bangalore has gone down in flames to prepare a congenial platform for the end-users so that they could feel comfortable in their investment decisions. With all its pros and cons, Bangalore is a great investment option for the people as there is a diverse range of flats, apartments, homes, and other housing options available at almost all the corners of the city with a stable price hike and abundant growth potential.