While builders and buyers in Mumbai and the national capital region are worried about stagnant realty market, folks in Bangalore have every reason to cheer. Realty market here is untouched by the stagnancy in other cities, all thanks to the ever-booming realty market of the city. Residential segment of Bangalore has bucked the trend in other metros and has witnessed numerous new launches, good demand and resilient prices.
The market experts believe that such trends are slated to continue by the end of this real, and the residential property segment will be the area to watch out! However, if you compare the capital values of Bangalore with the above mentioned metropolitan cities, the prices are still on the lower side. But the strong IT sector performance is something which keeps the property demands going. Another determinant has been the interest from expats on a weak rupee, which have been the booster for the market here in Bangalore.
Location is the Key!
No matter if you are planning to invest in an apartment or plot, location is the most significant factor to determine if the investments can fetch you great returns on investments. The growing real estate sector ensures that the returns on the rental amounts are higher if you wisely select location. Homebuyers particularly look out for things like proximity to social infrastructure, public transport networks and lifestyle.
Localities around the Outer Ring Road (ORR) witnessed the maximum inflow of the buyers. International and domestic airport localities are yet other corridors for residential development. Some of the localities like Hebbal, Bellary Road, Yelahanka, and areas around NH 7 have ensured rapid progress of infrastructural projects. Neo Bangalore is the newly developed township, which is witnessing some remarkable infrastructural developments. The wide and cleaner roads and the planed societies add to the real estate value of Neo Bangalore, and thus have paved the way for some extensive realty growth.
Infrastructure
This things is another fate decider for the real estate, and plays a very important role in fetching buyers, and even high rentals! In localities like Byappanahalli, Ramamurthy Nagar, and Indiranagar, the property values experienced a decent high after the onset of Metro Rail operations, and the similar hike in the prices will be witnessed with the expansion of the metro network in its later phases.
Facilities
Facilities like 24 x 7 multilevel security, individual parking, play zones for kids, gymnasiums, swimming pool, and other recreational and entertainment options are popular choices. Closeness to the shopping zones and excellent connectivity are also things that matter. Individual homes, which offer parking, ample water supply, interiors with all amenities and good location, are the most important criteria for those who take houses on rent.
Gated communities have been the very popular options as the rented accommodations as they offer superior quality lifestyle and higher levels of security. The type of property and the reputation of the builder play a key role to determine the good returns.
Latest Picks, Smart Homes!
Today’s homebuyers are much peculiar about what they like and what they don’t! The similar case is also being observed in the realty segment of Bangalore. The young buyers look forward to invest in new age homes, rather smart homes, and they do not mind giving away a good lump sum for the homes of their choices. Understanding the buyers’ behavior and choices, some new age builders have launched homes with the best of industry specifications, along with some added features, such as like automated curtains and controlling the home with smart phones or tabs.
These homes ensure higher level of luxury, with features like automated curtains and controlling the home with smart phones or tabs. The builders have introduced new projects, which are based on the concept of digital home systems, where the buildings include microchip technology networks to automate and increase artificial intelligence. With the push of a button, you get control of your curtains, television, DVD player as well as lights, yes, prices are high for such properties!
Investing in a home is indeed a better choice, and the buyers of Bangalore are investing not just for the sake of it, but rather they prefer living in cozy and comfortable spaces, and buy a home of their preferences.
Author Bio: Rashmi Karan is a writer and illustrator. Her areas of interest are the area and city specific real estate scenario of the Indian cities. Her articles about the real estate offer exhaustive information on the related topics.