The growth of social infrastructure, suitable climatic conditions, proactive state government and the lower property rates have meant that Bangalore real estate has grown stupendously over the last 10 year. The fact that majority of its population is educated, has also served well and played its part in making it in an appropriate place to live in. Here are the other prominent reasons as to why the Bangalore real estate offers good return on investment (ROI) –
An economically viable city
Well known as Bengaluru, this capital city of Karnataka is buzzing with economic activities. Several renowned IT, E-Commerce, Logistic, ITES, Retail, Banking and Financial companies have created thousands of jobs leading to migration of working professionals from across India. This has positively contributed to the growth of all segments of real estate including residential, commercial, hospitality as well as industrial. However, the biggest beneficiary of the economic growth in the city has been the housing sector, which is witnessing increased demand predominantly for spacious 2 and 3 bhk flats in Bangalore.
Most of the working population is tech savvy
The other reason why Bangalore realty offers good ROI is because most of its working population is tech savvy. This essentially means that vast portion of this group is constantly on a look out to make their life better. They like to upgrade their homes from 1 bhk to 2 bhk and from 3 bhk to2 bhk in Bangalore and so on for want of better standard of living, more comforts and to keep up with their social status. This has led to more number of property transactions, infused the much needed liquidity in the industry and improved the profit margins.
Also, since 80 percent of people staying here speak English and are internet friendly, they prefer to transact through reliable online real estate portals like Housing.com. This way they are assured of better pricing and transparency which is often missing from property dealings.
Home to some of the most renowned educational institutes and research centers
The garden city is home to some of the most renowned educational institutes and research centers in India including Indian Institute of Management, Indian Institute of Science, National Institute of Mental Health and Neurosciences, etc., which has led to students from different parts of India coming to study here. This has given further impetus to the growth of real estate sector in the city.
Offers excellent connectivity
Bangalore is very well connected to other cities and states of India both via road as well as railways. The infrastructure has developed greatly over the last few years with new roads being constructed, new bridges built and the widening of existing roads. The connectivity in the city is expected to improve further once the upcoming metro rail project becomes operational. It also has an international airport which means commuting to and fro to any part of the world is a matter of hours, thus making it a commercially strong zone. All in all, Bangalore will not only be the key contributor to the growth of Indian real estate industry, but will also lead to the overall growth of Indian economy in the years to come.