Q: Is it now the apt time to purchase property in Bengaluru?? I am hearing every day in the news about increasing traction especially in the Bengaluru North region?
Yes, And research also suggests that real estate prices are positively correlated with factors such as GDP, domestic demand, employment rates and share indices. Except the stock index, all other factors of Bangalore are highly favourable. As the real estate industry is directly related to the economic development of a region, Bangalore shows a promise for investors.
Apart from that, with the increasing demand for properties, many areas are being developed by developers and builders. Property rates are still cheaper than in main city areas. In the future, these areas have the potential to grow as premium areas of the city. Investors like Bommasandra, Whitefield, HSR Layout, Sarjapur, Devanhalli, and many more are being seen as hot property areas to invest in with future returns.
Over the years, Bengaluru as a city has witnessed massive development & infrastructural growth. Factors like phenomenal transport routes, good return on investment, FDIs, HNIs, world class infrastructure to name a few have propelled the real estate growth of the IT Capital of India. In fact during this time of crisis, it is the apt time to purchase a property. The reduction in the interest on home loans & stamp duty on apartments is another game changer. Moreover, the pandemic scenario has supplemented the growth of Bengaluru North Region. The nearby areas have been witnessing massive traction due to the availability of properties catering to all income groups. Since nowadays, people are increasing looking at options to move away from the crowded areas of the city & settle in a peaceful & low density environment, Nandi Hills has been witnessing maximum demand. If you are looking to choose North Bengaluru as an investment option, buying a property in Nandi Hills is the best choice.