In a recent survey conducted the online subscription based real estate data and analytics platform PropEquity, Bangalore is at the top position among the other 13 real estate destinations in the country. This survey was conducted based on the various factors including price appreciation, supply, sales, unsold inventories, delays in project completion and size of the market. Bangalore, which was in the sixth positon in the same survey conducted during the year 2009 has pushed itself up to reach the top position. Not just Bangalore, various cities down the south Chennai and Hyderabad has made it this time to take over the third, fourth positon respectively.
There are various reasons that play a key role in making Bangalore real estate stay steady and move upwards. Most vital parameters include, realty prices staying at realistic levels, real estate market driven by end users keep it alive, and developers are well capitalised. While these reasons help in keeping the Bangalore real estate well ahead among other cities, there are several other prime reason that make people to invest in property in Bangalore.
IT companies
Housing all popular multinational companies of the country, Bangalore has a huge professional populace. Approximately the city has 2840 IT/ITES companies including more 100 Fortune 500 companies. The IT/ITES companies in Bangalore has the highest growth rate compared to other cities. Not just IT companies, but it also has more than 31 industrial hubs including PSU’s as well as private IT/ITES, Bio-technology, Engineering, Aviation, Textile and other companies. Bangalore being the largest outsourcing hub has opened opportunities for a multitude of population. With IT industry mushrooming across the city, it attracts working professional from across the country there by increasing the demand for plots and house for sale in Bangalore. The growing IT populace has made a demand for living space and it is understood that the real estate market in Bangalore will always be in demand among investors.
Infrastructure
Well-laid roads, flyovers and highways help people to keep away from congested traffic during peak hours. Apart from this, the city is well equipped with all physical and social infrastructure required to lead a sophisticated life. It has well-reputed schools including CBSE, matriculation and ICSE, colleges. With a plethora of health centres, entertainment centres, and shopping mall, there will always be a high demand for flats for sale in Bangalore.
Land appreciation
The city has witnessed a constant increase in the realty prices in the last two years. Approximately Bangalore is witnessing a hike rate of 13% average annual appreciation in residential sector in the last 4 years. The land and flat absorption rate is also high here clearly indication the maximum demand met with supply. Appreciation rate of plots of sale in Bangalore has attracted towards it many investors.
Other factors
There are several other factors that make Bangalore an ideal investment destination. It is one of the safest place in the country. To top all the reasons, the climatic condition of Bangalore has made it loved by everyone. People who move here for the purpose of the work from other cities, are much interested in buying apartments in Bangalore for its affordability and climatic conditions as well.
There are various reasons that play a key role in making Bangalore real estate stay steady and move upwards. Most vital parameters include, realty prices staying at realistic levels, real estate market driven by end users keep it alive, and developers are well capitalised. While these reasons help in keeping the Bangalore real estate well ahead among other cities, there are several other prime reason that make people to invest in property in Bangalore.
IT companies
Housing all popular multinational companies of the country, Bangalore has a huge professional populace. Approximately the city has 2840 IT/ITES companies including more 100 Fortune 500 companies. The IT/ITES companies in Bangalore has the highest growth rate compared to other cities. Not just IT companies, but it also has more than 31 industrial hubs including PSU’s as well as private IT/ITES, Bio-technology, Engineering, Aviation, Textile and other companies. Bangalore being the largest outsourcing hub has opened opportunities for a multitude of population. With IT industry mushrooming across the city, it attracts working professional from across the country there by increasing the demand for plots and house for sale in Bangalore. The growing IT populace has made a demand for living space and it is understood that the real estate market in Bangalore will always be in demand among investors.
Infrastructure
Well-laid roads, flyovers and highways help people to keep away from congested traffic during peak hours. Apart from this, the city is well equipped with all physical and social infrastructure required to lead a sophisticated life. It has well-reputed schools including CBSE, matriculation and ICSE, colleges. With a plethora of health centres, entertainment centres, and shopping mall, there will always be a high demand for flats for sale in Bangalore.
Land appreciation
The city has witnessed a constant increase in the realty prices in the last two years. Approximately Bangalore is witnessing a hike rate of 13% average annual appreciation in residential sector in the last 4 years. The land and flat absorption rate is also high here clearly indication the maximum demand met with supply. Appreciation rate of plots of sale in Bangalore has attracted towards it many investors.
Other factors
There are several other factors that make Bangalore an ideal investment destination. It is one of the safest place in the country. To top all the reasons, the climatic condition of Bangalore has made it loved by everyone. People who move here for the purpose of the work from other cities, are much interested in buying apartments in Bangalore for its affordability and climatic conditions as well.
No comments:
Post a Comment