Bangalore A Booming Sector In Real Estate

Bangalore being the safest location for investment in the world

. The good news is prices do not skyrocket or get hyped like in some other prominent locations in India. They do not go downwards too like they have in many other prominent locations in India. Bangalore has the distinction of being a market where most of the property purchases are by end-users and not speculators. Speculators treat it as a pure investment for financial gains. A leading real estate company conducted a study on the pattern of first purchases (purchase straight from builder or developer) by end-users.

With the high prices of property in the central business district (CBD) areas, the suburban and peripheral locations are favored by investors now. This is especially so when the budget is not too high and they are comfortable with the lead time. The scope for capital appreciation during the project's implementation period is high in such cases. With more land available, improved connectivity and proximity to IT corridors, the suburban and peripheral locations are witnessing the emergence of a number of residential projects at competitive prices.

As residential property in Bangalore is bouncing back with a spurt in the level of inquiries for all categories of units. Bangalore's residential property market is now turning towards location and project specific options where developers are able to market their residential projects. Unlike earlier inquiries ranging from budget apartments to high end homes are up with the result property developers are regaining confidence to launch new housing projects.

Being a metropolitan city and IT hub is witnessing and exclusive demand for premium homes. Property in Bangalore has been experiencing a stable demand for luxury homes in the past few years. Most of the end users of the city want to invest only in luxury segment. People are looking for furnished and semi-furnished apartment, super luxury villas and condominiums within the city or in the outskirts where they can get every kind of comfort and enjoy a high-end lifestyle.

The emerging luxury housing trend is driven by big corporate professionals, high net worth individuals and big businessman. The aim to live a world class lifestyle with best of architecture and other amenities where an individual can rejuvenate and relax are the main ideas behind the enhancing demand. When the IT boom swept across the city, offices mushroomed up in various pockets and silicon city was catapulted into a growth trajectory making property prices skyrocket in Bangalore.

Bangalore is racing ahead in all directions. The endless demand for commercial spaces, driven by the IT sector, meant scouting for feasible land parcels in the suburbs. The efficient connectivity to the suburbs, thanks to the upgradation of arterial roads, opened up more vistas for development. The large land parcels here and the relatively low rates created opportunities for developers to build state-of-the-art facilities that have been much in demand.

by: lokeshmanu24

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