It’s not unknown that Bangalore is the blooming IT hub with rapid urbanisation, significantly increasing the demand for housing. This has led to a rise in property prices as well. But if you ask, is it worth to buy a flat in Bangalore, I’d say definitely but it also depends on your preferences and requirements. From my experience, let me give you some basic pros and cons of owning a flat in Bangalore.
What are the Pros and Cons of Buying a Flat in Bangalore?
I bought a flat in Whitefield around two years ago and with the blooming tech sector and growing population of professionals, Bangalore’s rental market is flourishing. Some of the key areas you can consider include Whitefield, Electronic City, and Sarjapur Road, as they provide flats with high rental yield, which is one of the key advantages of owning a flat in Bangalore.
Pros of Buying a Flat in Bangalore
In 2024, the city accounted for 14% of all new housing across India. This growth shows that the property market has strong development prospects.
Bangalore’s rapidly growing infrastructure is another advantage of investing in a flat. Let me give you an example. The Namma Metro network is expanding by 129 km, which connects peripheral areas and satellite towns, meeting the growing demand for public transport.
Another advantage of living here is the varied employment opportunities with several technology parks such as Ecospace, Electricity City, Manyata Tech Park, and so on.
This city is known for its varied cultural connectivity. I like the city’s cosmopolitan lifestyle with tons of entertainment hubs, such as shopping malls, museums, art galleries, etc.
Cons of Buying a Flat in Bangalore
Traffic congestion is one reason you might reconsider buying a flat in Bangalore.
With the increasing demand comes high property values and maintenance costs, which makes it difficult to find a cheaper flat.
I hope the above pros and cons help you make an informed decision.
Invest in Verified Properties in Bangalore via NoBroker and Save Lakhs on Brokerage!
Read more
What are Some Upcoming Residential Projects in Bangalore and How Would you Choose?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
Is it Worth to Buy a Flat in Bangalore Right Now? If so, Which One Could I Try?
Mithali
94 Views
1 Answers
4 Year
2020-08-28T21:15:31+00:00 2024-12-30T11:33:14+00:00Comment
Share