Is Investing In Commercial Property In Bangalore A Good Deal?

Bangalore has been a great place for investing in great residential properties in and around the city. As for the commercial properties, a large number of companies are looking for commercial spaces in the city and Bangalore has been able to satisfy the requirements of these companies.

Bangalore is known as the IT hub of the country, which clearly states that the IT companies rule the market here. The IT sector continues to top the market with a share of 36%. Second in line is the eCommerce sector with a market share of 17%. Big names in the eCommerce industry - Flipkart and Amazon have also leased commercial spaces in Bangalore. Flipkart leased around 2 million square feet of space here in May and Amazon leased 1.3 million square feet in March. This proves how technology-based companies are in demand of office space in this city. With Flipkart who signed the deal for the space for 20 long years, it sure shows that eCommerce companies are going to only grow bigger in future! There are more and more companies coming up to look for commercial space in Bangalore. Other than eCommerce companies, there are many BFSI (Banking Financial Services and Insurance) companies who are looking for office space. The BFSI companies as of now have a market share of 16%. It is predicted that Bangalore is going to sign up deals involving 5 million square feet of office space in the near future!

Bangalore has already got pre-commitments for the next two years for commercial property purchase. Thus, real estate builders can easily invest and construct more commercial properties here. As per a research, Bangalore contributes to 40% of total commercial real estate all over India but, it has a vacancy rate of only 8%. Mumbai stands second at 20% vacancy and National Capital Region stands third at 27%. The vacancy rate is predicted to remain low for the current financial year and this is the reason why the real estate builders are planning to increase the rents by 5% for the properties in Bangalore.

Many blue-chip companies are also demanding commercial space for upgrading to better quality office spaces. In order to entertain this demand even more, more than 4 million square feet of constructed office space has been added and more is yet to be added.

Bangalore is becoming one of the fastest growing cities in the country due to the growing foreign direct investment in businesses and start-up ecosystem with its headquarters in the city. Also, the government is continually growing the infrastructure of the city with metro rail, flyovers and more. There is amazing new construction in the north of Bangalore and around Outer Ring Road. All this is going to only increase the demand for residential as well as commercial properties in Bangalore and the areas around.

MJR Builders are a reputed name in the real-estate market who are coming up with great commercial property in Bangalore. They have designed their properties to meet global standards and they ensure world-class infrastructure with great amenities. Contact them for commercial spaces in HSR Layout and Hosur Main Road in Bangalore.