Bangalore, the Silicon Valley of India has become the centre of India’s IT and tech industry. The bordering suburban areas of the city have seen immense growth and infrastructural development. This has led to a boom in the real estate sector in the city. Invest in Bangalore real estate to get good returns as it has become a thriving market. Here are some of the reasons why Bangalore is a good choice for investment.
- Connectivity
Bangalore has seen excellent infrastructural developments over the last few years. The locality of North Bangalore has emerged as one of the most preferred destinations for real estate investment. The area has good connectivity to the Kempegowda International Airport and Central Business District. The prime areas in Bangalore city are well connected by the Namma Bengaluru Metro Rail. The emerging Peripheral Ring Road and Bellary Road are expected to further improve the accessibility between North and South Bangalore.
- IT sector
The IT boom in the city and the establishment of leading IT/ITes companies have significantly changed the landscape of Bangalore properties. Several corporate giants prefer the city due to the availability of numerous commercial lands. There has been a rapid economic development in the city which has led to an increase in high-rise residential complexes. With the rise in the number of IT and tech giants, a large number of people have migrated to the city for employment. Professionals prefer areas like Whitefield and Sarjapur as it is near several offices.
- Appreciation rates
The Bangalore property market has seen a high appreciation in prices which makes it an excellent option for making a smart real estate investment. Properties in the suburbs give good returns on investment as well as generate high rental income. The city also enjoys world-class infrastructure and has excellent educational institutions, hospitals, shopping complexes, and multiplexes.
- Green living
Bangalore is also known as the city of gardens and offers a serene and green space to live. The city has wonderful weather and a cosmopolitan culture which makes it a preferred destination for home buyers. The city provides a peaceful and pollution-free environment for home buyers. Most of the apartments and complexes in the city have adopted green concepts for sustainable living. All these factors make it a good decision to buy property in Bangalore.
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