Reasons to Invest in Bangalore Real Estate

Investing in properties is one of the safest ways to spend your money as it offers slow but strong returns and is much more stable than the other investments options. Bangalore is proving to be a shining spot for real estate investors as it is the only city that has not seen many fluctuations in terms of prices over the years. Being the IT hub, this city has always been in demand for employment opportunities and seen steady growth over the years. Bangalore is open to change and it is observed over the years that how this city has particularly adapted to the innovations and technologies. People say Mumbai never sleeps but for Bangalore, it should be said that you won’t feel like sleeping here as this city has too much to offer.

Post-Covid 19 things are getting back to normal in this city and all the construction projects that went on hold for a few months are ready to move at full pace. A new mindset has been spread over the city and preferences towards having your residence is what is prevailing around Bangalore. Real estate players are now coming up with new approaches and offering the best housing projects in Bangalore. Bangalore is leading in our country in terms of real estate recovery and current enquiries have risen to 70 per cent for the first quarter, followed by Gurgaon at 65 per cent.

Bangalore’s cosmopolitan lifestyle, employment opportunities, enriched culture, higher appreciation value and pleasant environment makes every investment a value for money one. The benefits that are associated with this city cannot be seen elsewhere making it rise in the top charts of our country. Here are some of the reasons to invest in real estate in Bangalore.

#1. Burgeoning IT sector

The IT sector is booming in Bangalore and people are migrating to the city for employment and which in turn increasing the demand for the real estate sector in Bangalore. Real estate builders are establishing new townships to fulfil the demand and offering the best apartments in Bangalore at attractive prices. Business people are frequent flyers to the city and all they want is a place that is near the airport and all the premium social infrastructures and many real estate firms like MVN Aero One are providing such living spaces to them.

#2. Higher Appreciation Value

Due to the enormous and rapid growth of the city, the prices of properties are on the higher side and this will grow exponentially in the future. So an investment done now will yield higher profits for the individual. This reason is fair enough to invest your valuable money in real estate in Bangalore. The properties that have been established in the outskirts of the city have greater chances of profits as these areas will develop into the flourishing hub for all future giant projects like the BIAL IT region and Aerospace parks. MVN Infrastructure one of the best builders in NCR has established its new project MVN Aero One in the outskirts of Bangalore because of the potential growth associated with the area. Devanahalli is one of the emerging and potential areas for real estate investments and flats near Devanahalli will generate greater rental yields and in the coming future, these flats will be having attractive resale value.

#3. Steady Growth of Real Estate

The real estate market in Bangalore has succeeded to remain stable even during pandemic times because real estate in this city has a solid density with both ready to move in flats and under-construction flats. So the previous year increased the demand for under-construction flats making the real estate sector stable in the city. MVN Infrastructure, one of the best real estate voyagers in Faridabad and Gurgaon with their remarkable triumph over other competitors in NCR have moved towards Bangalore with their lavishing project MVN Aero One just to be the part of this steady growth of real estate in the city. The city has surpassed other cities in terms of profitability and demand price index. All of these factors have contributed to the steady growth of real estate in the city and made Bangalore the right choice for investment.

#4. Economical Diversity

The Real Estate Regulating Authority has passed the bill Real estate act in 2016 to help people who are investing in the properties. This act monitors the working of the builders and forces them to finish the project in a stipulated time frame. RERA’s functioning in Bangalore city is commendable and it has created trust among the customers that no fraud or delay will happen in the projects. People have increased their investment in the city and real estate is also getting profits in the city.

#5. RERA’s stretching support

There has to be a constant water supply for the residents and townships should also focus on the quality of water supply. Water treatment plants have been set up in many townships in Bangalore as health and hygiene are those factors which cannot be compromised. This amenity should also be on your priority list before putting the final decision on the apartment.

#6. Government Initiatives

⦁ Interest on home loans are at an all-time low i.e; 6-7% compared to earlier years where this interest rate was close to 10%. The difference between this 2% will be valuable for the home buyers who are having financial constraints.

⦁ Repo rate has been reduced from 4% to 3.75 % and NBFCs are going to get equal benefits as the commercial banks were getting, this will boost the real estate in the city and customers will enjoy sound profits on their present investment.

⦁ NAMMA PERMANENT ADDRESS (NPA), a joint venture between CREDAI and Times Group to strengthen the customers as well as the real estate builders. With this project, people can fulfil their dreams of buying their flats from credible sources who will be sharing every information related to the deal. This initiative will improve transparency, credibility and reliability between the parties. A customer can visit the official site for financial advice from experts.

#7. Tourist Attractions

Bangalore city is famous for many reasons, tourist attractions are one of them. Bangalore got many places to visit like Bannerghatta National Park, Lal Bagh Botanical Garden, Skandagiri and many more which boosts tourism in the city and helps Real Estate players to cater for these tourists with luxurious hotels, villas and independent flats. Investment in real estate especially in Bangalore is a sure shot deal for generating colossal profits in future.

Conclusion

Investment in Bangalore real estate is always a fruitful option because this city will never stop surprising you with the benefits associated with it. The enriched culture of this city along with the fierce dominance over other metro cities helps the city to stand alone at the peak of success and glory. Investments should be done to embrace yourself with the impeccable returns that this city will provide you in the coming future.