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Real Estate in Bangalore

Interestingly, the city is also famous for its Silicon Valley, which is hiked due to the domination of IT organizations all around. Several multinational companies have found Bengaluru to be their workplace or even their headquarters. Not only this, it has a strong and surprising history with chapters like the Mughals, the Mysore’s Maharaja, the Marathas and, of course, who have ruled the place one or the other time.

Market Size of Real Estate in Bangalore

The high demand for housing eventually drew the attention to improve and increase the commercial facilities. Bangalore real estate has made a huge profit in recent years. It is excellent with apartments established by renowned developers in the country or even the MNCs that have hyped the importance of shared workspaces. The geographical benefits are another reason the pollution, population wants to settle down in a much more appealing space like Bengaluru. 

Infrastructure and Connectivity

Talking about connectivity and infrastructure, Bangalore has Kempegowda International Airport, which is listed as the 3rd busiest airport in the nation. It gains the highest number of travellers due to people living nearby Karnataka who fly to foreign countries only by this destination. Apart from this, the railway passengers are also good in numbers, managed by 4 railway stations that head to different cities in the country. Being a smart city in India,  the rapid transport facility is an intercity transportation system granted for public commuting at a lower cost. Similarly, the Metropolitan Transport Corporation (BMTC) is yet another way to commute locally on a low budget. The city is actively providing government cabs that are fully air-conditioned and connect to all areas. There are more water resources than any other city in India. It also raises the concern of sewage management effectively implemented by pipelines spread over 215 sq km. 

Demographic Statistics by Population

Bangalore’s demographic statistics say it is India's 3rd most crowded city. It has an almost 8.4 million population, which used to be just 5.1 million till 2001. That means the clear growth was met with 65.2%. Overall, the population counts for 4382 persons/sq km. The major cause of this rise is better career opportunities that have flooded the people from North India to find a decent lifestyle. 

Home and Living

Due to the high population rate, often people in Bangalore love to find a living in the outskirts rather than on the mainland. Also, the property types and rates are much more flexible and negotiable for low-budget yet comfortable living. Lately, people have started investing in those areas for a better futuristic return on investment, speculating the upcoming demand in real estate. Simultaneously, people earn a decent income from their mainland properties' rent. Since, International Airport construction has been a gateway for outsiders to search for a suitable stay in Bangalore, the hospitality price rates are also expensive. However, the popular IT hubs are settled in the city only with better transport facilities than the outskirts. In fact, they are well-maintained and nature-oriented. 

Life Style

The living culture in Bangalore is quite lavish, with posh localities and amenities. The administrative responsibilities are headed by Bruhat Bangalore Mahanagara Palika (BBMP), which was setup in 2007. They take care of the infrastructural needs, public health care, stormwater management, new real estate developments, social welfare, new projects, maintenance and more. It works in partnership with the Agenda for Bengaluru's Infrastructure & Development Task Forces (ABID) and the Bangalore Development Authority (BDA). They are the planners who work to speculate and execute the overall upgradation of human lifestyle for better and advanced living.

Real Estate Future and Growth Opportunity in Bangalore

With the increasing demand in IT companies settlement, career growth opportunities have created buzz for people around the nation to move to Bangalore. Not only jobs, but the city is well-known for its popular educational institutions for higher education. It has approximately 47% of biotechnology firms in the country. Whereas the aerospace industry also gets 65% of the engagement from here. Including this, some publicly owned firms like ISRO, HAL, NAL, BEML, BEL, and HMT have their headquarters. Almost 682 MNCs, 1685 IT firms, 131 Biotechnology firms and 500 other companies operate from Bangalore. Nothing to wonder that even in automobiles, companies are growing largely in Bangalore with their manufacturing units and networking. 

Top Localities with Price Trends

Bangalore has a few localities which are counted among posh and clean places for residential purposes. Top localities in Bangalore such as Koramangala (Rs. 57 lakhs to 1.21 Cr), Sarjapur Road (Rs. 67lakhs to 2.1 cr), HSR Layout (Rs. 53 lakhs to 2.12 Cr), CV Raman Nagar (Rs. 68 lakhs to 2.2 cr), Mysore Roda (Rs. 33 lakhs to 3 Cr), Nelamangala (Rs. 52 lakhs to 1.12 Cr), Kodigehalli (Rs. 63 lakhs to 2.1 Cr), and Bileshivale (Rs. 63 lakhs to 2.3 Cr) which have a decent price bracket for properties ranging with 5000 properties available for housing facilities. It has an average floor plan between 13,808 sq ft to 21,934 sq ft. 

Top Localities In Bangalore for Rent / Sale

Here are some great localities one may effortlessly find their home of dreams in Bangalore:

Projects in Bangalore: New Projects in Bangalore, RERA 

The below-listed properties are new projects for residential in Bangalore with localities you will never deny:

Property Investment Options in Bangalore

There are several options to invest in the real estate market in a futuristic city like Bangalore:

Buyers may look for well-crafted apartments amidst greenery for a classic lifestyle. They are available for rental and sale purposes in different bedroom units such as 1 Bhk, 2 BHK, 3 BHK, 4 BHK and even 5 BHK. They incorporate many amenities such as a cricket court, a yoga room, a club house, a mini theatre and a giant swimming pool. If you are lucky enough, your apartment may have a private garden or a terrace with a heavenly landscape view. 

The buyers may not forget the advantages of independent houses where construction depends upon the owner completely. You may give it a lavish garden and a backyard per your preferences. You may also plan your rooms in a duplex where privacy is fully maintained with a private terrace for the whole family. Including this, the parking space is also flexible for as many vehicles as you want a park inside your abode.

Purchasing land is never going to lose the game in any area. In a metropolitan city like Bangalore, owning vacant land can be more beneficial. It also allows you to style and construct the interior and exterior per your requirement. You may also have spacious floor planning as compared to an apartment.

A villa is a new trend followed by rich investors who love owning a luxurious villa on the city's outskirts. Bangalore offers advanced villas of different sizes excellently planned and architified with future aspects. It has gardens and ventilated rooms where you can enjoy family or private time away from the world’s noise and rush. 

Bangalore’s Top Real Estate Companies 

These are the famous real estate developers operating prominently in Bangalore with brilliant infrastructure construction:

FAQs

1. How is the real estate market in Bangalore?

Ans. The real estate industry in Bangalore for residential and commercial properties have been increased since 2011 by 74% and is speculated to increase gradually shortly.

2. Why are property rates so high in Bangalore?

Ans. Due to the frequent settlement of people from developing states searching for jobs and better lifestyles, the real estate price has increased tremendously in recent years.

3. Is it reasonable to buy property in Bangalore?

Ans. Buying a property in Bangalore is a great idea where the return on investment is guaranteed with global-class constructional benefits.

4. Which is the cheapest place to live in Bangalore?

Ans. The affordable areas in Bangalore are Sarjapur Road, LSR Layout and Devanahalli, to name a few.

5. Which is the most expensive place to live in Bangalore?

Ans. Grazer Town, Vasant Bagar, Sudhama Nagar, Kothanur and Bettadasanapura are among the most expensive ones in Bangalore to buy or rent a property.

6. How much does an apartment cost in Bangalore?

Ans. Around 10,000+ apartments are available in Bangalore with an average price between Rs. 33 lakhs to 2.1 Cr.

7. Bangalore vs Mumbai Real Estate Market?

Ans. Mumbai is heavier in terms of real estate market competition with Bangalore as it has the most active developers and the financial capital city in India.

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