The capital city of Karnataka, Bangalore, is one of the fastest-growing cities in India. Today, the city, home to over 12 million people, is the country’s foremost IT hub, with the biggest names in the industry calling it home. While before the 1990s, the city was a renowned manufacturing hub, it was the liberalisation policy framework introduced thereafter that catapulted the city to its present glory.
Aided by the government’s investment in the city’s infrastructure and the IT sector, the city has emerged as one of the most sought-after commercial hubs in the world, with thousands of talented employees moving to the city year after year for lucrative job opportunities. Add to this the large scale of residential developments that have cropped up in the city, which has led to the city rising as a coveted investment ecosystem.
As the robust city welcomes the new year with open arms, it is clear that the city’s prosperity saga is nowhere near its final chapter. With that in mind, let us look at a few reasons why you need to invest in the propitious Bangalore real estate market today.
One of the foremost criteria that one needs to consider while investing in real estate is location. A strategic location with good connectivity to major social infrastructure is a sureshot bet for a high-yield real estate investment. As mentioned before, Bangalore is home to major IT parks, standing tall as the IT hub of the country. In addition to this, the city has also witnessed a marked increase in innovative startups launching in the city. This has resulted in many talented professionals moving here, increasing the demand for residential real estate and thereby boosting the sector.
As a result, robust demand for the commercial and residential sectors in Bangalore has made the real estate market in the city witness an unprecedented upward trajectory, making investment decisions here easy. Investing in and near these booming employment hubs is an irrefutable method to yield substantial returns.
- Accelerated Infrastructure Development
The city of Bangalore has experienced significant infrastructural development in recent years. The city has undergone a major metamorphosis with the construction of flyovers and metro lines, enhancing connectivity. Enhancing the overall quality of life by reducing the hassle of bottleneck traffic jams and long commutes is a key driver of the real estate market’s growth in the city.
This newly enabled seamless connectivity has made it possible to reach, develop, and invest in remote and underdeveloped areas, unlocking new growth corridors in the city. For instance, the development of infrastructure in Northern Bangalore, such as the construction of an international airport and the development of SEZs, has unfurled a new era of development in this part of the city. The improved connectivity has therefore resulted in the emergence of new residential and commercial projects as well as an increase in property values.
Historically, Bangalore’s real estate sector has showcased extraordinary ability to adapt to market fluctuations as well as resilience during periods of downturn., making it an attractive investment destination. Indeed, many experts back this claim with an industry report stating that in the next 10 years, residential investments in Bangalore are expected to yield an impressive 8.98% return.
While there are many financial benefits to investing in Bangalore, as discussed above, investing in the city can bring you so much more. The city, also famously known as the City of Gardens, not only boasts a progressive infrastructure with one of the best transit networks in the country but also excellent social infrastructure. From elite educational institutions to world-class medical facilities and recreational avenues, everything you can ever need and more is available in close proximity in the city so that you can live out your dream life. The city is constantly rated high in terms of the quality of life provided, attracting both individuals and families who want to live in a cosmopolitan, thriving community.
As the global landscape keeps on evolving at a rapid pace, with major economies facing an impending downturn, the Indian economy, backed by a robust real estate sector, has been impressively stalwart. It only makes sense to take advantage of the country’s thriving ecosystem by investing in a sector that has showcased exemplary resilience even in the face of critically unfavourable macroeconomic forces.
Bangalore’s real estate market in particular is a goldmine for investors who are seeking a market that assures high growth potential, diverse assets, and stability. Whether you are an NRI looking to invest in a luxury villa, someone looking for their first home, or someone who wants to diversify their portfolio by adding in a commercial asset, Bangalore is the ultimate destination.