The IT capital of India continues to remain a bright spot for buying a property. According to a recent consumer sentiment survey, Bengaluru garnered 21% votes and topped the chart of a preferred investment destination. It is chosen among the metros and tier 1 and tier 2 cities. The real estate investors from the metro and other cities expressed their desire to have a property in Bengaluru. The trends are not surprising as the capital city of Karnataka has been growing leaps and bounds. The growth story which started from the IT sector is now proliferating in other verticals too and is attracting the talent pool from across the globe.
Below are some of the prominent reasons why Bengaluru continues to be a hotspot for investment.
A Stable Property Market: The residential real estate market of Bengaluru has mostly been stable. According to Cushman and Wakefield report, “Bengaluru has been a stable market that has witnessed a gradual increase in capital values, however average rental yields are comparatively better…”. If you want to invest in a relatively less volatile market with long term horizon, then you can think of investing in Bengaluru. Along with the long-term capital gain, the rental yield is also better as compared with other metro cities. Even the duration to find a new tenant is low ensuring the loss of rental income is also minimum.
Cosmopolitan Society: Around 12.34 million people are living in Bengaluru from diverse cultural backgrounds. It is a cosmopolitan society and settling here is not a challenge for people. It is the best place for investment for working professionals and families coming from other metros and tier 1 and 2 cities. Bengaluru has beautifully embraced modernization while retaining its rich culture and heritage. The people have a go-getter attitude, which is visible in the way this city is transforming.
Strong Macro Economic Dynamics: With good market drivers like IT/ITES sector and e-commerce, the city of Bengaluru is experiencing robust economic growth and is one of the best places to invest in property. It has also become the start-up capital of India providing people more opportunities to shift here and settle for good. The city has become a commercial hub and the global leader in the IT sector.
Improved Connectivity: The transport infrastructure of Bengaluru has been undergoing a radical change. The Namma metro service, BMTC and newly constructed Outer Ring Road is making travel from one place to another a breeze. It is such a robust infrastructure that is also making Bengaluru lucrative for investment.
The city of Bengaluru is continually changing and is successfully carving a place for itself in India and on the world map. It is one of the fastest growing metropolises and the fifth most significant contributor to the country’s GDP standing tall in line with the other metros. The Bangalore future development projects will continue to accelerate, and it is inevitable considering the Revised Master Plan 2031 by the Bangalore Development Authority. Major investment will take place in the city to make it possible to accommodate up to 2 crore people by 2031. The water supply, garbage disposal, roads and electricity will improve significantly in the next 15 years as per this master plan. Roads are getting wider, more metro channels are under construction, three new ring roads, 65 km long peripheral ring road and eight arterial roads will be getting constructed as part of this master plan.
Bengaluru and its people are rewriting their growth story, and it is evident with these surveys. Now is the time to invest in Bengaluru and cherish it in the form of long-term capital gain. If you are looking for one such project in top localities in Bangalore, then explore Valmark Orchard Square. The beautiful high-rise apartments offer you a splendid living experience. Spread over 3.25 acres, Orchard Square is exquisitely designed with many amenities and delightful green space. There is also a proposed metro station around 700 metres from Orchard Square. Know more about this project https://valmark.in/orchard-square-bbmp-approved-flats-in-bangalore/ and have your home in a prime locality in south Bengaluru.
