The Prospering Real Estate Market of Bangalore

Over the years Bangalore has seen a substantial growth in terms of housing investments and commercial developments on a spree. It is the third largest in the real estate and has been considered by the High net worth individuals for their huge investments. Those NRI’s and HNI’s are planning to settle in India are considering Bangalore the best option.

The past few decades have completely changed the face of the city and there have been a lot of advancements here. The city has turned out to be one of the fastest growing metropolitan and cosmopolitan cities. The main reason contributing to this massive growth is boom and the prospering information and technology sector. The IT industry has been the reason for the successful growth of the city it has also made the Silicon Valley of India one of the most triumphant IT Hub of India. Bangalore thus, has become an all-rounder in all aspects.

Bangalore is place worth living and it offers an array of housing and residential places and accommodations suiting to an individual’s lifestyle. Bangalore also has a huge scope of employment and the growth rate of expatriates has also increased massively.  There has been a huge increase in the demand for high end housing and that too it has doubled in numbers and times when compared to the previous years. This high end demand has resulted in a more strengthened picture of the city in the real estate sector. The major contributors of this boom are mainly the Millionaires, HNI’s, NRI’s and also the IT professionals.

There has been a huge rise in the high end residential housing which falls under the mid segment i.e. more than a Crore. This speeding rise is speculated to be stable by the end of 2014. The major areas of Bangalore like Sarjapur, Outer Ring Road, Marathahalli, Whitefield, Electronic City and North Bangalore are observing huge demand for supreme residential apartments, Villaments, Villas and also Row houses etc. under the high end segment. This luxurious setting are enabled with top class amenities, heart soothing infrastructure and are also well connected to the prime location of Bangalore.

Multiple direction of the city is witnessing the high demand for affordable housing below the range of 50 Lakhs. Another factor triggering the real estate growth in Bangalore is the elevated ring road to the Airport and the upcoming Metro Rail. The 2013 gone by has seen many residential projects across the city. The upgrade in the sales volume has resulted in the saturation of the real market within the city.

Many reasons are accountable to make this city stand out from others in India. The cities salubrious climate, IT industry and growing knowledge, cosmopolitan lifestyle, best infrastructure, stable and sound political conditions within the Karnataka Government, Proposed IT parks and also  the International Airport.