Indian Real Estate sector has seen an unprecedented growth in the last few years. Bangalore is considered to be the IT/ITES capital of India with a number of lucrative opportunities in both the residential and commercial sectors. It is a good place for property and real estate investment.
It is the most favored destination for IT & ITES companies, which are also highest contributors to the ever-growing Bangalore Real Estate market.
The IT hub also known as the Silicon Valley is blessed with numerous features which includes gardens, natural lakes, beautiful landmarks and a favorable climatic condition which make this City the most attractive real estate hub in India.
Despite of all the odds Bangalore Property has seen a very steady growth over the coming years. The prime residential areas that are a center of attraction in Bangalore include Whitefield, Bannerghatta Road, Hosur Road, and Outer Ring Road. Sarjapur road, which is located to the southern region of Bangalore, continues to be a preferred residential location of IT & ITES employees due to its vicinity near the office destinations and a favorable infrastructure. A large number of residential projects are also coming up in the northern region of Bangalore.
Is these MNC’s helping Bangalore real estate sector in any way?
This evolution has certainly had a positive effect Bangalore city, which houses large numbers of MNC’s like Yahoo, Google, Amazon and many more. Their remarkable presence has made Bangalore city a hot and the most favored High-Tech Hub of India. Besides that, the changing life conditions of the residents of the city have revitalized the Bangalore property & real estate sector. Nearly every day there are thousands of young aspirants who are joining the city’s corporate work culture & this has led to an increase in demand in the business and residential sectors.
Several issues like parking, deteriorating road conditions, traffic jams and low vacancy rates in the main city has enforced real estate developers and builders to search for options in the suburban areas of Bangalore. As, these suburban areas have a vast growth potential and good supply and the rental values are reasonably low.
With the increase in the demand growing from the middle-class consumer population, the real beneficiaries are real estate agents and developers. The increase in real estate prices drives the market to be more expensive which provide ample of opportunities to real estate developers.