Bangalore, popularly known as Silicon Valley of India, is the fifth largest Indian city with a population of over 11 million. Commonly known as an IT hub of India, it is one of the most preferred investment destinations of India. The real estate development in the city is growing at a fast pace. Besides housing premier IT companies, premier hospitals, educational institutes, shopping complexes, a well-planned network of road and modern amenities are some other attractions of the city. The demand for commercial and residential projects in Bangalore remains all-time high. Here are the promising reasons.
Factors Boosting Bangalore Realty Market
Commercial and residential projects basically drive the Bangalore realty market. The factors pushing the realty demand of the city are:
- Presence of reputed IT companies offering lucrative employment opportunities
- Migration of working for the population from other cities to Bangalore
- Improvement in infrastructure and basic amenities
The prospective homebuyers look for affordable housing projects which offer every convenience at their doorsteps and uplift their existing living standard. As soon as the area gets inhabitants, commercial development fastens and vice-versa. On the other hand, there are equal onlookers for luxurious property segment. Some of the areas of the city which are becoming the best destination for investing in residential properties in Bangalore are Whitefield, Rajajinagar, Begur Main Road, Ulsoor to name a few.
So, if you are willing to invest in affordable or luxurious housing projects in Bangalore, look out for these options:
Godrej Aqua, Hosahalli: Water-sufficient and ultra-premium are the best way to describe Godrej Aqua apartment. A premium residential project in Bangalore by Godrej Group encompasses 2 and 3 BHK homes and well-equipped with all modern amenities like yoga zone, 24 hours power back-up, pharmacy, mini-theatre, 2.5 acres of green land, CCTV surveillance, covered basement parking to name a few. The major landmarks of the city like Kempegowda International airport, railway station, Hosahalli metro station, and school and universities are located nearby from the project. The project promotes sustainable living and reasonably priced.
Godrej Reserve Plots, Devanahalli: If you consider plot investment as safe and profitable, do not look further than Godrej Reserve Plots in Devanahalli, Bangalore. Being a township project, Godrej Reserve Plots comprise of 950 plots spread across verdant greens. Dust-free, noise-free and pollution free are highlights of the project. Godrej Reserve Plots are located strategically near to Kempegowda International Airport. Well-connected with upcoming SEZ area, Schools, hospitals, colleges, and commercial complexes are also in the proximity. The plots are an ideal investment for those who are willing to park their money for a long time horizon.
Other notable builders are coming up both affordable and luxurious residential properties in Bangalore at posh locations. In order to know their specifications or pricing plan, plan your inquiries today.