Presently, the mindset of investors is gradually improving due to election of a new government, new reforms and an increase in demand to invest in properties. According to statistics, real estate rankings of Bangalore have improved considerably when compared to last year's rankings. This upward trend is due to many foreign investors investing in India and global real estate funds are focused on Indian residential properties. The economic situation of the country is also improving at a rapid pace. Many e-commerce companies have erupted and are eyeing at large chunks of land and are ready to buy it at a price. The trend of starting smart cities is fast catching up and increasing the demand for properties. Gradually rents and capital value of business park facilities have increased over the last few years.
Bangalore is one of the highly populated urban cities in India with a population of approximately 8.4 million people. It is considered the silicon valley of India with most of the IT/ITES companies headquartered here. Bangalore seems to be fast becoming a hub for excellence in residential properties. In the last two years, Bangalore has witnessed a higher share of commercial interest than other preferred office destinations. The chunk of demand comes from the IT/ITES Sector. The returns in capital investments are high because land is in short supply. Individual office space development was seen in non-central areas considered as a micro-market, that is, Indiranagar, Koramangala, Jayanagar, Malleshwaram, JP Nagar and Rajajinagar. A good social infrastructure and minimum space are the reasons for good performance in this area.
Lately, areas like Outer Ring Road, Electronics city; Whitefield, Bannerghatta Road, North Bangalore and Hosur have surfaced as hopeful locations. The reasons to tick are closeness to the IT/ITes offices, social infrastructure and affordable prices. The prime spot is the Sarjapur road, which is close to the ring road with easy and convenient access to the IT companies. North Bangalore micro-market is garnering interest because of the KIADB Industrial area and the Special Economic Zones. In addition, this area is attracting interest from the NRIs and high net worth individuals after introducing the Bangalore International Airport. There are many apartments and villas coming up for the mid-income and the affluent groups.
Places like Hebbal, Yelahanka, Thanisandra and Hennur have also emerged as reasonable investment destinations. Proximity to the IT/ITes offices, affordability and easy access to other essential commodities are the key factors for improvement in this area. Commercial and residential sectors are developing considerably due to the increased commercial activities taking place in the city. Real Estate is proving to be a success story in Bangalore because of its decent infrastructure, proximity to schools, colleges, supermarkets, malls, etc., and a good number of projects in prime locations. All these factors finally boil down to one main factor, which is the customer/investor satisfaction. Multiplexes, gated communities and constructions with exceptional architectural designs have added to the success story.
Furthermore, builders and developers are delivering their projects on time keeping in mind the interests and safety of the investors. Finally, government reforms, FDI, globalisation, IT companies, e-commerce start-ups, increase in job opportunities, re-location and population boom are the major contributors in this sector. Overall, the picture is quite favorable for the growth of real estate sector in Bangalore.
Bangalore is one of the highly populated urban cities in India with a population of approximately 8.4 million people. It is considered the silicon valley of India with most of the IT/ITES companies headquartered here. Bangalore seems to be fast becoming a hub for excellence in residential properties. In the last two years, Bangalore has witnessed a higher share of commercial interest than other preferred office destinations. The chunk of demand comes from the IT/ITES Sector. The returns in capital investments are high because land is in short supply. Individual office space development was seen in non-central areas considered as a micro-market, that is, Indiranagar, Koramangala, Jayanagar, Malleshwaram, JP Nagar and Rajajinagar. A good social infrastructure and minimum space are the reasons for good performance in this area.
Lately, areas like Outer Ring Road, Electronics city; Whitefield, Bannerghatta Road, North Bangalore and Hosur have surfaced as hopeful locations. The reasons to tick are closeness to the IT/ITes offices, social infrastructure and affordable prices. The prime spot is the Sarjapur road, which is close to the ring road with easy and convenient access to the IT companies. North Bangalore micro-market is garnering interest because of the KIADB Industrial area and the Special Economic Zones. In addition, this area is attracting interest from the NRIs and high net worth individuals after introducing the Bangalore International Airport. There are many apartments and villas coming up for the mid-income and the affluent groups.
Places like Hebbal, Yelahanka, Thanisandra and Hennur have also emerged as reasonable investment destinations. Proximity to the IT/ITes offices, affordability and easy access to other essential commodities are the key factors for improvement in this area. Commercial and residential sectors are developing considerably due to the increased commercial activities taking place in the city. Real Estate is proving to be a success story in Bangalore because of its decent infrastructure, proximity to schools, colleges, supermarkets, malls, etc., and a good number of projects in prime locations. All these factors finally boil down to one main factor, which is the customer/investor satisfaction. Multiplexes, gated communities and constructions with exceptional architectural designs have added to the success story.
Furthermore, builders and developers are delivering their projects on time keeping in mind the interests and safety of the investors. Finally, government reforms, FDI, globalisation, IT companies, e-commerce start-ups, increase in job opportunities, re-location and population boom are the major contributors in this sector. Overall, the picture is quite favorable for the growth of real estate sector in Bangalore.
Courtesy By :- http://ezinearticles.com/?Emerging-Trends-for-Real-Estate-Growth-in-Bangalore&id=9103427
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