All You Need To Know About Luxury Homes In Bangaloreby Puja Sharma Content Writer
Bangalore is among the hottest luxury residential market destinations in the country. In fact, there are hardly any other cities in the country that can compete with India’s IT capital on the luxury realty front. There are many takers for 3 BHK apartments in Bangalore that fall under the ‘luxury’ category. Planning to buy luxury apartments in Bangalore? You are on the right track then.
What drives the luxury market in the city?
The cosmopolitan nature of the city, the huge number of IT professionals with disposable incomes, an equally large presence of expats and HNIs (high net-worth individuals), the weather…the list is long. The city is also home to many colleges and universities of excellence, research institutions, retail giants etc. In the recent past, Bangalore has also come to be associated with start-ups. All these factors drive the luxury real estate market in the city, and explain the presence of many 3 BHK apartments in Bangalore. Luxury row villas and plotted developments are also the norm.
Luxury home micro-markets
While Koramangala, Sadashivanagar and Indiranagar, apart from the CBD areas were once seen as prestigious addresses for luxury homes, today’s luxury home market is mostly located in micro-markets like Electronic City and Kanakapura Road. These two localities are increasingly being seen as the best for luxury homes. This is because they are closer to the IT hubs, have excellent social infrastructure and connectivity. Electronic City is home to hundreds of MNCs, IT giants, corporate headquarters of many retail firms etc. Many professionals opt to stay in luxury homes that are in the vicinity. Kanakapura Road is close to many neighbourhoods in South Bangalore, well-connected to the rest of the city, and has vast stretches of lung spaces. When you buy luxury apartments in Bangalore, you are also investing in a lifestyle.
What makes an apartment a ‘luxury’ apartment?
Created on Apr 19th 2018 05:03. Viewed 260 times.