Bangalore’s real estate growth has been off the charts over the past decade. Although the market has seen its ups and downs, it has performed steadily on a good note with hopes of a better future for real estate. The new and upcoming residential projects have given a boost to the infrastructure in areas that experience a wave of new residential projects in Bangalore.
After a steady rise in new residential projects in Bangalore, one can be left in a state of confusion when selecting a project to invest in. There is a wide array of choices in new residential properties in Bangalore, starting from, 2bhk to 3bhk apartments, penthouses or villa accommodations. One can opt for the type of new residential project to invest in, based on their financial capacity, needs, and desires.
Where to invest in new residential projects in Bangalore?
North Bangalore is the upcoming villa destination due to the wide availability of space and environmental grandeur. Hennur, Devanahalli, and Yelahanka are some areas that are sprawling with the development of villas and luxury apartments. The projects coming up near Hebbal, Bellary Road, and neighbouring areas are mainly in the luxury segment.
East Bangalore is the sector that has observed constant demand and growth in real estate over the last few years. The evolving infrastructure, flourishing job opportunities, and mounting demand of the middle-class sector towards purchasing properties in new residential apartments in Bangalore, have escalated the demand for luxury residential developments in this part.
South Bangalore is favoured with an existing social infrastructure, cumulative corporate empires, and growing multicultural lifestyle. This has increased the inclination of buyers in micro communities, although not much demand for luxury property investments is seen in this region.
In each part of Bangalore, the success and demand of a new residential project are dependent upon the infrastructural connectivity and a touch of greenery, for a fast but healthy lifestyle.
Tips for Smart investment in residential projects in Bangalore:
Do not aim solely at discounts: Although, a discount means lower rates, one must be conscious in such cases. Deals accommodating discounts and lower rates to investors may not always be the best purchase for one’s needs.
Amenities: In new Bangalore projects, amenities provided by the realtor aid in property transactions. However, one should only opt for projects, which offer amenities that make sense in one’s lifestyle and would be useful. Each amenity provided escalates the price of the residential project, hence gauge the amenities with care and calculate the estimated maintenance and outgoing for the same.
Proximity to needs: One must evaluate the new residential project in Bangalore, based on its closeness to hospitals, schools, stores and even outlets, to measure the convenience the accommodation would provide.
Reputed developers: With the growth in new and upcoming residential projects in Bangalore, one should opt for a reputed developer with a market presence that indirectly assures the quality of purchased property and guarantee of successful completion of the project.
Bangalore with its multi-cultural environment, evolving infrastructure, ever-growing residential facilities and high-end educational institutes is a promising land for a new home and a flourishing future.