Trends In Bangalore Real Estate

The way real estate in Bangalore has held its ground as it generates huge interest from buyers and investors. Though the country's property market is going through a rough phase and almost all the major cities are deeply effected by it, the silicon city of India seems to remain unaffected from the commotion. Infact Bangalore has seen a rapid rise in prices of property in Bangalore. The city has seen a rapid expansion after IT and ITES companies came to the city. The city was earlier known to offer affordable housing options but now buying Bangalore properties is becoming an expensive affair, so many localities like HSR Layout, KR Puram, Hebbal, Whitefield, Sarjapur Road and many more localities have a headway by making a unprecedented growth. This has helped the properties in Bangalore remain in pink of health.With the growth in the IT sector, Bangalore properties too have flourished well. There has been an increasing demand for both residential as well as commercial complexes, where IT sector had established itself. The demand for property in Bangalore in the localities has increased so much that these localities might soon saturate.

Real estate in Bangalore has shown an interesting trend. As compared to the other metros, where most of the developers had paused new constructions considering economic slowdown, the capital city of Karnataka was witnessing the construction of plenteous properties in Bangalore. Currently, the city center is seeing construction of residential complexes in full swing. Major construction works are also going on in and around peripheral areas of Bangalore. Another trend has that has been noticed is that most of the new projects are focusing on middle class people, who look for affordability and good construction quality. Only a handful of Bangalore properties which are under construction are catering to needs and requirements of the elite section. 

As the Indian rupee depreciates the city is seeing a massive inflow of NRI investments. NRI's and PIO's are keen to invest in the Silicon Valley of India as they see it as a secure investment. Most of the NRI investors are expecting to garner good returns in future. For most of the property buyers, the real estate Bangalore market is currently favorable: as most of the projects in real estate Bangalore that are being developed are targeting the budget buyers. It seems that it's a win-win situation for the luxury as well as budget buyers in the capital city of Karnataka.

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How to Invest Smartly In Real Estate?

Jeetendra from New Delhi says, "I want to purchase a plot. Can you advise me on the major things I need to know before making a purchase?" 

Y Umesh Kumar from Noida asks, "I want to buy a residential apartment/plot in Roja Jalapur, Noida Extension. Could you please advise me if it is a safe place to buy?" 

Like Jeetendra and Umesh, many consumers across the country are curious about the method of making a safe investment. The key elements to it are sound buying tips and factors to know before the purchase.

Follow the basic 5 W's for best search and purchase. Where, what, when, why and from whom you buy will impact your property purchase and also return on investment (ROI). Visit 'Guide to Buying a Home' (advice.magicbricks.com) to get a complete picture.

Some tips to help you invest smartly are: 

Legal documents: Do a thorough study of the paper work and legal documents. All documents associated with the property should be registered on government records and the seller must have the receipts to further offer

Other documents: Check builder-buyer agreement, registration cost, maintenance deposit, charges of the parking space, original payment receipts and No objection certificate too

Neighbourhood plays an integral part. Check for proposed or planned social/physical infrastructure that will impact the future prices of your property
Opt for areas with a potential of high growth which in simple words mean capital gains

Magicbricks.com helps you explore a locality and further know well about the properties available, price trends, ratings, current prices and location advantages. Check advice.magicbricks.com

One needs to prioritise their property needs first and decide what housing type they want to invest in. Look for property housing options with features that will cater to you and your family's housing needs

Know your budget to help you decide the kind of property you can buy

Conduct a smart search on what your money can buy in your preferred or desired location.

Source- Indiatimes

Bangalore Is In 12th In List Of World's Top 20 Tech-Rich Cities

Bangalore has been ranked 12th in the list of top 20 technology-rich cities in the world, according to a survey conducted by global property consultant Jones Lang LaSalle (JLL).

Bangalore City

London, San Jose and Beijing are top three cities on the list.

Puri said the economic as well as real estate momentum in Bangalore has gained pace as tech-industry majors line up to enter the market or expand in the city.

“Bangalore has helped India debut on the ‘City Momentum Index’ Top 20 list ?- an annual survey carried out by JLL globally. Reinforcing the city’s status of being one of India’s premier technology centres, Bangalore figures at No. 12 in the Top 20 technology-rich cities globally,” JLL India Chairman and Country Head Anuj Puri said in a statement."

Good economic growth, investments in infrastructure, presence of startups and significant supply of prime office space are some of the factors that contributed in Bangalore’s strong performance in the survey.

"Interestingly, Bangalore pipped other Asia Pacific cities in demand for office spaces. Robust demand for commercial space from the IT sector and associated IT-enabled services is helping boost absorption levels -- highest in the Asia Pacific region," JLL said."

Source- Realtyfact