Over the past decade Bangalore has metamorphosed from a quiet city to a bustling and modern metropolis. The city is one of the two most rapidly developing cities in India and the real estate market is booming. Here are five benefits of investing in real estate in Bangalore:
Wide range of projects - As the city expands, new areas are being incorporated into the city. New real estate development projects are being launched in every zone of the city and this is providing the home buyer with a wide array of projects to choose from.
Reduced legal charges – The Karnataka Stamps Bill 2020 has proposed a reduction in stamp duty and this has further boosted real estate sales in the city. These reduced legal fees are an added advantage of investing in real estate in Bangalore.
Physical infrastructure – Bangalore has been growing by leaps and bounds in the recent past and the physical infrastructure has kept pace with this growth. Bangalore today has excellent physical infrastructure in place and this is being developed on a daily basis. The excellent physical infrastructure of the city is a benefit of investing in real estate here.
Social infrastructure – Bangalore has traditionally been the location of large government organizations. Today, the city can boast of some of the most advanced medical facilities in the country and also several extremely reputed educational institutions such as the Indian Institute of Management.
Job opportunities – Bangalore is today known worldwide as the IT and start-up capital of the country. This has resulted in a glut of job opportunities available in the city. Development of job opportunities means a steady influx of new residents into the city. The new residents are always on the lookout for residential properties and therefore, a good resale value or rental income is assured.
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