Real
estate in Bangalore is very vibrant, the city has a bustling real estate market and
the dour sentiment brought about by demonetization has given way to optimism
among those eager to buy and sell property in the city. Many of the biggest
builders in the country have a presence in Bangalore, hence the top
builders in Bangalore are also among the best builders in the entire
country.
Real estate investors in Bangalore
have a high expectation from real
estate in Bangalore. This is so because Bangalore is still a relatively
young city when compared to larger metros such as Mumbai and New Delhi and
hence Bangalore in its current state offers investors more room for
appreciation than do larger well-developed cities.
Why Bangalore Excites Investors?
Regions of Bangalore such as Peenya,
Malleshwara, Bommasandra, Hebbal, and Marathalli have been witnessing the
creation of new manufacturing units within their borders. There are also a
large number of Special Economic Zones in Bangalore in regions such as Anekal
Taluk, Begur Hobli, Kundalahalli Village, and Varthur Hobli. Another reason
that Bangalore excites investors is that six of the nine proposed metro lines
have become operational and this will lead to better connectivity between
regions across Bangalore. The functional Namma metro is one reason why the
price of real estate in Bangalore has been rising
over the past few years. New SEZ’s and manufacturing units lead to greater
employment in Bangalore and fuel the demand for new residential
projects in Bangalore.
An Influx of Talent to Bangalore
Every year thousands upon thousands
of student’s flock to Bangalore for further studies. Because of a large number
of excellent educational institutes in Bangalore, many such students not only
gain an excellent education, they also continue to live in Bangalore and work
in many of the excellent technology companies in the city. Eventually, many of
these immigrants to Bangalore purchase luxury apartments in bangalore and from immigrants go on to become genuine
citizens of Bangalore and contribute to the city’s economy.
Impact of Immigration to Bangalore
The most keenly felt impact of
immigration to Bangalore has been that numerous technology firms that may
otherwise have opened in a large number of different cities have opened in a
single city, namely Bangalore. The presence of students in Bangalore has also
led to an increase the demand for paying guest accommodations regardless of
whether such accommodations take the form of hostels or apartments. Notably, builders in Bangalore have been
building a larger number of projects in
Bangalore to meet the housing
demand from immigrants who come to Bangalore.
Post By Shrikant Sain
Post By Shrikant Sain
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