Real estate in India has faced a slump in the last 3 years, however signs of recovery have now started showing up. Real estate in Bangalore has been quite progressive in the past decade. Although the market has seen its ups and downs, it has performed steadily on a good note with hopes of a better future for real estate. The new and upcoming residential projects have given a boost to the infrastructure in areas that hold promise in years to come.
After a spate of new promising residential projects in Bangalore, people are spoilt for choice. There are amplelucrative options which also tend to put them in a state of confusion. The projects offer state of the art infrastructure, top notch amenities and many more. Many projects also offer amenities like roofs with helipads, balconies with gazebos etc. One can opt for the type of new residential project to invest in, based on their financial capacity, needs, and desires. Real estate in Bangalore is also booming due to the presence of various blue chip companies and giant IT firms and burgeoning industrialization.
Where to invest in new residential projects in Bangalore?
North Bangalore is the upcoming villa destination due to the wide availability of space and environmental grandeur. Hennur, Devanahalli, and Yelahanka are some areas that are sprawling with the development of villas and luxury apartments in bangalore. The projects coming up near Hebbal, Bellary Road, and neighbouring areas are mainly in the luxury segment.
East Bangalore is the sector that has observed constant demand and growth in real estate over the last few years. The evolving infrastructure, flourishing job opportunities, and mounting demand of the middle-class sector towards purchasing properties in new residential apartments in Bangalore, have escalated the demand for luxury residential developments in this part.
South Bangalore is favoured with an existing social infrastructure, esteemed corporate houses, and growing multicultural lifestyle. This has increased the inclination of buyers in micro communities, although not much demand for luxury property investments is seen in this region.
In each part of Bangalore, the success and demand of new residential projects are dependent upon the infrastructural connectivity and a touch of greenery, for a fast but healthy lifestyle.
Tips for Smart investment in residential projects in Bangalore:
Amenities: In new Bangalore projects, amenities provided by the realtor aid in property transactions. However, one should only opt for projects, which offer amenities that make sense in one’s lifestyle and would be useful. Each amenity provided escalates the price of the residential project, hence gauge the amenities with care and calculate the estimated maintenance and outgoing for the same.
Proximity to needs: One must evaluate the new residential project in Bangalore, based on its closeness to hospitals, schools, stores and even outlets, to measure the convenience the accommodation these would provide.
Reputed developers: With the growth in new and upcoming residential projects in Bangalore, one should opt for reputed developers with a market presence that indirectly assures the quality of purchased property and guarantee of successful completion of the project.
Bangalore with its cosmopolitan culture, awesome weather all round the year, burgeoning infrastructure, excellent educational institutes and safe environment surpasses all the other cities. It provides an amazing investment opportunity with a promise of better tomorrow.