Bangalore, the Silicon Valley of India is considered to be an ideal place for the working people, due to the increase in the number of IT Companies. Bangalore is considered the fifth fastest-growing city in Asia. It has become a hub for many ITES/BPO and other tech companies. The 2004 IT.com event that was held in Bangalore suggested that Bangalore is the fourth-best IT hub in the world.IT firms in Bangalore employ about 30% of India’s pool of 1 million IT professionals.
Prestige City Sarjapur Bangalore is a haven for the real estate market because of its improved infrastructure, enhanced civic facilities, better road developments, and advanced rail networks. The realty market here, particularly the residential one, caters to diverse consumers including local buyers, working professionals, and NRIs.
Since owning a property is a major financial move, almost all customers pay attention to the probability of appreciation of the locality. An apartment in the city center is a great place to stay. However, it may not be the best investment decision as it is not likely to yield a good return on investment, given its sky-high price and comparatively lower future appreciation value. Areas on the outskirts of Bangalore have seen maximum appreciation in the past few years. For example, plots at Sarjapur Road were available at Rs.200 per sq ft ten years back. The current price of the same plots has appreciated by at least 10-12 times.
Bangalore is also recommended as a place for one to settle down during his post-retirement. The climate in Bangalore is pleasant throughout the year. Bangalore consists of a large number of lakes and gardens. It is also called the Garden City of India.
Bangalore is called the Fashion Capital of India. If one goes to the MG Road or the Brigade Road, one can see the fast changes in fashion. As a result, Bangalore is also a City that is preferred by our young generation. As a result of these facts, there has been a boost in the real estate market in recent days.
Investment in Bangalore
Real Estate investment in Prestige City Sarjapur Bangalore will be highly profitable because FDI policies in India are among the most liberal and attractive in emerging economies. This makes it attractive for Non-Resident Indians (NRIs) and multinationals to relocate to the country. Bangalore has become the first choice for NRI investors.
Increase in the number of Properties in Bangalore
For the past 2 years, there has been a vast increase in the number of properties in Bangalore. This is due to the development of IT Sectors. This also increased the demand for commercial and residential space within the old city area(which has now become a decent residential area), and this led to the upward expansion of Bangalore through high-rise structures.
There are a large number of residential properties in some of the popular areas in Bangalore like Koramangala, Indira Nagar, and BTM Layout. A Commercial Project “Shantiniketan” of the famous Prestige Constructions is located in Whitefield. There are a lot of commercial and residential projects coming up in Bangalore. The builders are focusing on constructing “Affordable Homes”.
Projects in Bangalore
Some of the famous builders of Bangalore, like Puravankara Projects Limited, Prestige constructions, Nitesh Estates, and Ozone Groups have launched new projects in localities where there is a great demand like Whitefield, Jayanagar, and Sarjapur Road. The new projects are showing a growing trend of being booked even before the completion period. Investments in Bangalore are the right choice and this is the right time to invest.
