Bangalore has emerged as the IT and Tech industry of India and this has resulted in a subsequent real estate boom- especially in the bordering suburban areas of the city. The garden city has witnessed the rapid appreciation prices of the properties in and around, as a result of the floating popuuulation, working proffesionals, and the people moving in the city in search of job opportunities. If you are looking for a long-term investmnet in the city, the outskirts should be the top priority.Bangalore’s Real Estate has been listed among the top five Property Markets of the country and has attracted several stake-holders and end-usage investors to make investments in various portfolios of property development domain. The city features plethora of residential, commercial, retail, hospitality and leisure ventures from leading Construction firms that are spread across various parts of the city. The Covid-19 pandemic had put a brief halt for transactions in real-estate zone during year 2020, but year 2021 has picked up substantially well and one can see that the market has been making quick recovery with several new launches particularly in the residential sector, getting lined up by top builders of the country. The addition of new projects in prime neighbourhoods of the city with attractive features and offers has enticed the interest of buyer-community. The Karnataka Government’s amendment to Stamp Act, 1957 has initiated the stamp fee reduction to 3% from 5% as applicable on primary sales or first time registrations. This would be applicable for houses and flats priced between INR 35 Lakhs to INR 45 Lakhs. The decision is seen to be a progressive step towards providing marginal boost to the real-estate sector specifically to low and mid income home buyers.
Great connectivity to prime locations: The properties in and around north Bangalore are close by to Kempegowda In ternational Aiorport and Central Business District. Areas such as Yelahanka, Hebbal, Devenahalli, and Thasindra sell like hot cakes. Business travelers and frequent flyers are ideal for this location. It is well connected to Namma Bengaluru Metro Rail. The emerging Peripheral Ring Road and Bellary Road will improve the accessibility between north and south Bangalore.
Presence of IT hubs: The IT boom has majorly changed the landscape of the real estate business in Bangalore. The corporate giants choose the outskirts due to the availability of large parcels of commercial land. The economic development is directly proportional to the increase in high-rise residential complexes. With the rise in IT and Tech giants and a large number of techies migrarting to the suburbs, the real estate saw a boom in the outskirts. Due to which the appreciation rates are always higher.
Appreciation rates: Suburbs are great for generating passive incomes. Because the vast majority of the professionals looking for residential accommodations nearby to offices, this works well in advantage for the buyer. The world-class infrastructure and better accessinilty to reputed educational institutions, hospitals, shopping points, and multiplexes along with restaurants and other recreatyional facilities are all enjoyable in the outskirts.
Green Life: The most comfortable place to unwind and relax after a long day of work and stress. It is where you find peace. Home. Finding a home in the suburb is charming and has its beauty. It s better to choose a home away from all the noise and pollution, away from the city, living in a green, serene clean environment. The apartment has adapted to be pet-friendly, with a lot of space and amenities. The terrace gardening ios comning into trend now, among the gated communities bring you a step closer to nature.
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