Hi there,
In India, investing in real estate located in tier 1 city is a good option. And if you are thinking of investing in real estate in Bangalore, I would say now is a great time to invest. I will give you three simple reasons to justify my point related to ‘is real estate a good investment in Bangalore?’
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Is it good to invest in Bangalore real estate?
Bangalore is home to the major IT Hubs and real estate tech giants. With development in the city both commercial and residential sectors are booming with business.
Builders are coming up with projects with outstanding amenities located near IT hubs. Infrastructure is also developing rapidly.
People all across India are migrating to Bangalore to live. Property owners are renting out their house to get good returns on their investment. After Mumbai, Bangalore is the city where rent is very high. The rent for a normal 2 BHK house is not more than Rs. 10,000. In Bangalore you a 2 BHK rent price starts at Rs. 25,000.
Now that I have mentioned is it worth investing in real estate in Bangalore, let me share the name of three place worth investing in Bangalore.
- Whitefield
Whitefield is known for its corporate and residential hub. This place is we-connected via metro, rail services. Some of the major IT Parks in Whitefield are ITPL Tech Park and Bagmane Technology Centre are significant job destinations.
There are some renowned malls in Whitefield such as Phoenix Marketcity, VR Bengaluru, Forum Shantiniketan, Inorbit Mall, and Park Square Mall. For these perks Whitefield is one of the best places to invest in. Market value of property will go up in Whitefield over the years.
- Electronic City
Electronic City is located in South Bangalore and it is known for its residential buildings. Electronic City is divided into Phase I and Phase II. Electronic City is known for its IT Sectors. Some of the well-known IT Hubs in Electronic City are Wipro, HP, BHEL, Infosys, and others, have large offices in Electronic City.
Electronic City has superb infrastructure with schools, hospitals, banks, theatres, and malls located nearby.
- BTM Layout
BTM Layout is known for its variety of housing societies and well established infrastructures. It is well connected with areas such as Koramangala, HSR Layout, and Bannerghatta Road.
Due to its good location BTM Layout is one of the top residential areas in Bangalore. It is known for its PG market as well. Metro Station is also located in this region providing good connectivity.
But Bangalore has its cons as well when it comes to investing in properties. Staying in Bangalore you will face issues with power cuts and water supply. Roads are always congested due to traffic and ongoing construction. Due to rain the city gets water clogged which makes it challenging to commute.
I hope you find my answer on Is real estate a good investment in Bangalore helpful.
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Is Real Estate a Good Investment in Bangalore?
Samhita
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1 Year
2023-01-02T12:01:25+00:00 2023-01-02T12:01:26+00:00Comment
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