Bangalore proves to be the safest real estate investment destination
In the last few years, investing in real estate has caught a fancy from investors across the globe. Among the prime real estate hubs which includes the six big metros, Bangalore has come forth as the city with the lion’s share of new enquires. Bangalore’s realty market boasts of a steady blend of projects targeted at different price segments, offering a plethora of choices for end-users, investors and second-time home buyers.
A large talent pool and the continuous influx of large working population in the city has done the trick for Bangalore. Along with the working class, students, interns, NRIs and expats have contributed significantly in driving the demand for residential rentals in the cosmopolitan centre of the country. Revised rental values and super built-up area to carpet area ratio at 25%(average) are the two important aspects that has done wonders for Bangalore’s real estate market.
Micro-markets perform at their best
New launches in the city witnessed a humble rise in the 3Q2013. Dishing out a supply of 8715 units in the third quarter of 2013, which is 10% higher in comparison to the same period a year ago, Bangalore has topped the chart of ‘most preferred real estate hotspots’ of 2013.
Sarjapur Road, Electronic City, Whitefield and Hebbal have stood out as the best performing micro-markets of all time that cater to 50% of the new launches in the city. According to property consultants, Sarjapur road is the most fast-moving and affordable micro-market that has a lot of takers.
With a robust economic base and comparatively lower prices, Bangalore has secured its position as the best performing realty market in the nation. This can be testified with the fact that the overall absorption in the city shot up by 16% in the third quarter of 2013 in comparison to the same quarter a year ago.
Bangalore satisfies the quench of the property investors
Excellent connectivity, adequate office space for different income groups, high talent pool, a commendable education system and a diversified city culture has paved the way for Bangalore to reach the top slot, followed by Chennai and Mumbai.
With one of the highest footfalls of business travelers in the nation, triggered by the IT/Ites sector, Bangalore has witnessed an exponential growth of serviced apartments in recent times. It is also tagged as one of the most resilient real estate markets that offer office space at competitive rates, in comparison to other major cities like Mumbai, Delhi or Gurgaon.
