When it comes to international real estate investment, India is not exactly at the top of the list. With volatile economic conditions, many investors and buyers have a tough time choosing the right property and location. Despite this, cities like Bangalore are amongst the top choices for foreign investors as they are highly active in the real estate circuit. In the past few years, Bangalore has showed an edge over cities owing to its pre-dominant IT culture, attracting individuals and corporations to the city. This has made Bangalore an investor friendly city and one of the fastest growing markets in India.
Another reason why Bangalore tops the list for international investors is its innately cosmopolitan demographic and social structure. Additionally, the city is also equipped to support large populations with an impressive absorption rates of flats, apartments and land. The rapidly growing real estate market in Bangalore has made it an ideal investment opportunity for locals as well as foreign investors.
Infrastructure development
The increasing attention from international corporations is transforming Bangalore into a modern and well structured metropolitan, supporting both residential and commercial real estate. The city attracts workforce from many parts of India and around the world and currently boasts over 300 ongoing projects in multiple locations. Bangalore also has affordable office spaces and employment opportunities to attract the attention small and large companies alike.
The city doesn’t plan on stopping here. The government proposed an infrastructure development plan like metro rail links throughout the city, extension of four lane roads, improving road networks etc. The government is also planning massive development projects in multiple commercial localities and swiftly developing neighbourhoods like Devanahalli, KR Puram, Mysore Road, Nelemangala-Tumkur, Doddabalapur Road etc. These developments have transformed the realty market in Bangalore.
Boom in IT/ITES
A large section of Bangalore’s boost as a metropolitan city can be attributed to IT. The massive growth in the industry has increased job opportunities, wealth creation and by extension, the ability to purchase real estate. All these factors have resulted in the growth of the city’s real estate market. It is astounding to learn that Bangalore produces one lakh job opportunities every year and this trend has led to a rise in income, lifestyle, quality of living, quality of education and global exposure. This boom combined with commercial real estate affordability has put the city on top of the charts.
Increase in capital value
Unlike most other metros, the Bangalore real estate market is a user driven one. With no shortage of ready to move homes around the city, the real estate market here is seeing new heights every year. The focus on mid-level segments and affordable housing has led to high price appreciation. Some mid-level segments are seeing a jump of over 41% despite the volatile conditions! Whitefield, North Bangalore and Electronic City are currently acting as micro markets with a steady increase in demand for affordable yet premium grade housing. With attractive prices, smartly designed homes from multiple reputed brands, it is no secret that Bangalore continues to rule the real estate market in the country.
