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Real Estate Growth in Bangalore


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Bangalore also known as “garden city “is the capital of Karnataka. It is India’s fifth largest and cosmopolitan city with population of about 6.5 million. Bangalore has evolved into a manufacturing hub for heavy industries such as ISRO and Hindustan Aeronautics Limited. Many gardens like Lalbagh Gardens, Cubbon Park and historical places like Vidhan Sabha,Tipu’s Palace and Bangalore Palace makes you occupied. When comes to climate since Bangalore is with an average elevation above the sea level, it enjoys a pleasant climate throughout the year. Bangalore property market is one of the hot spots in the world. Buying property in the green city with affordable property prices attracts thousands of investors. Value of the land increases by 30% to 40% on an average per year and property value is likely to double the investment in three to five years.

Being a metropolitan city the real estate has been experiencing a demand for homes, villas, apartments, property etc.., for past few years. People are looking for furnished or semi furnished, villas, to get a comfort and to enjoy a high ended life style within the city. Real estate in Bangalore is growing both horizontal and vertical sides. Apartments are forging up in every useable areas. Getting property in Bangalore is a good investment for long term. Good range of properties, static prices, and vibrant workforce makes the city perform better than compeers like Mumbai and Delhi. Home sales in Bangalore has a remarkable rise more than any Indian city. A good range of products is available at various price points is one of the reason why the city performs better than other cities.

When it comes to apartments, there are range of apartments in Bangalore to suit your budget and lifestyle. You can get apartments with different ranges of prices and sq. feet with amenities like clubhouse, amphitheatre, crèche, convenience stores, health club, swimming pool, children’s play area and many more. But buying an apartment is becoming bit difficult due to rising real estate prices.

Land or residential plots are well laid out in Bangalore based on the area and price. To get a genuine property at right place in Bangalore city is a difficult task. Skyscrapers, infrastructure and shopping malls are together attracts the construction of the companies, which in turn cause upswing in land for sale in Bangalore. Residential land with amenities like compound wall, water connection, underground sewerage, street lights and transformers etc.., are also available at reasonable price.

IT companies like HP, Texas instruments, IBM have big bases in Bangalore. Comparing the last year Bangalore saw a rise in residential properties for about 4.5 per cent in January to march 2012. Another added advantage is much awaited Bangalore metro project. This will put an end to traffic trouble in the city making travel much easier and comfortable for commuters. The initiation of Bangalore metro not only benefits the transport sector but also creates an impact on urbanization in the area, infrastructure development and raise in land rates. In real estate point of view the cities having introduced metro has a property price boosted. This will perhaps enhance the development of housing sector by granting extra FSI (Floor Space Index) . Residents hope that this facility makes much comfortable in travel and this attracts the foreigners towards it.

Locations like Marathalli and Whitefield in Bangalore where real estate has a rapid growth. Till to date approximately 20 million sq.ft of commercial and retail space covers the Marathahalli area. Areas such as Off Sarjapur road, White field, K R Puram, Hosur Road,Tumkur Road, Magadi, Anekal, Bannerghatta Road have a demand for villas and apartments. Residential plots and lands with world class facilities and BIAAPA Approved is located near Devanahalli on Highway NH-7 Bangalore, which is 15 minutes drive from Bangalore International Airport. Plots are available in Devanahalli both for commercial and residential purpose. This area has a great demand due to IT-BT and industrial boom, and expected to grow rapidly in future. Houses with all Hall, kitchen, and attached bathroom, 24 hrs water, parking facility, all modern amenities & clear titles in very good location are available in different areas of Bangalore.

Julie Robert is an expert author for Homes for Sale and rent in Bangalore.

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  • Posted On July 5, 2012
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