Prestige Elm Park

Real Estate in Bangalore

Bangalore is one of the well flourishing real estate hubs in India and for the past 30 years, it has been the country’s technology capital. Well known as the ‘Silicon Valley of India’, it is the country’s largest IT center and has a well-expanded service market, and is in high demand for both residential and utilities. The major reason for one to believe and invest in a property in Bangalore include its multicultural community, excellent infrastructure, and developed socio-economic conditions there.

As one of the major skill centers in India, the place attracts a wide number of start-up enthusiasts, corporate investors, skilled workers, and a migrant workforce. The city has contributed to countless work openings, and it had resulted in an intensified demand for housing and is now a hot spot for investment in real estate. The areas of Bangalore are distinctively known as Central Bangalore – the commercial and business hub; North Bangalore – the government establishment center; South Bangalore – the residential zone and Eastern Bangalore – the torch bearer of the IT revolution. This will in turn change with the rise of North Bangalore.

The real estate sector in India has been going through a transition over the past years. However, the residential real estate market in Bangalore has managed to be in a stable growth compared to other metropolitan cities. The factors and reasons which make investing in a property in Bangalore are many and it begins with the manufacturing hubs in and around Peenya, Bommasandra, and Malleshwara, IT parks at Hebbal, and Marathahalli, and SEZs across the city.

Six out of a total of nine Namma Metro lines are now functional across the city. This has resulted in the growth of Bangalore’s real estate market along these lines. It has resulted in a rapid increase in the IT industry and is a lubricant for employment opportunities. The demand for villas, bungalows, and apartments for sale is increasing among NRIs as well as natives of the city. The city has always been a haven for students, with many nationally ranked educational institutions in Bangalore. This is an amplifier for the increased job opportunity in the city, with that the demand for residential apartments and property is also in great demand hence catering to the growth of real estate, especially in Electronic City, Whitefield, the ORR Corridor, and many areas in North Bangalore.

In terms of the steady ROI (Return on Investment), the preferred areas to invest in real estate in Bangalore are Hebbal, Indira Nagar, Devanahalli, Thanisandra, Narasapura, Hennur Road, Yelahanka, and White field. These locations are well appreciated and is in high demand for residential property. Bangalore is always at the forefront providing great entertainment options, a multicultural population, and an exciting nightlife.

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