If you are buying flats in Bangalore, you need to look at them from an investment perspective. Even though you are buying the property for your personal needs, there might be possibilities in the future of selling or renting it. In such cases, the Return On Investment ROI on the properties becomes extremely important.
Bangalore city has emerged as one of the ideal locations for real estate investment over the last few years. The residential properties in Bangalore have witnessed higher demand and price appreciation. There are many factors contributing to the real estate growth of Bangalore. The main reasons are solid connectivity, great social infrastructure, and commercial development.
Let’s understand in detail why buying flats in Bangalore is a good investment option. And why you should consider buying property in Bangalore
High Property Price Appreciation
First up, What is property price appreciation? You must have noticed, It is the most widely used phrase in the real estate market. The property price appreciation means the increased value of the property over a period of time. On the other hand, if the price of the property goes down we call it property price depreciation.
In Bangalore, the properties have witnessed considerable property price appreciation at some key localities. The top localities such as Whitefiled, Hebbal, Bommasandra show an average property appreciation of 5-6% provided that there is careful consideration of the real estate factors. Considering the development of Bangalore city, the property price appreciation will be impressive for the next few years.
While buying a flat in Bangalore, you must check out the property price appreciation of the locality. Also, having detailed trends on the nearby property prices will help you to make the right decisions.
High Livability Rating
According to the city index released by the Ministry of housing affairs, Bangalore ranks 1st on the ease of living index. This highlights the quality of life Bangalore city offers to the residents. The availability of the open green spaces provides an ideal setting for residential projects in Bangalore.
The residential projects in Bangalore offer multiple options for real estate investment. The most popular configurations in Bangalore are 1 BHK, 2 BHK, 3 BHK, and 4BHK. The demand for 1 BHK flats in Bangalore is the lowest whereas the maximum demand is for the 2 BHK flats in Bangalore.
The best residential projects in Bangalore offer the amenities and facilities that give comfort to the residence. These high-quality lifestyle-oriented residential projects in Bangalore have increased the demand for residential properties.
Quality Social Infrastructure
Quality social infrastructure is one of the main reasons for preferring Bangalore for real estate investments. The Healthcare, Educational Institutes, Entertainment Zones can be easily accessed from the. Having the leading portals, schools and shopping centers near the locality impacts positively on the property price appreciation.
Having a quality infrastructure always attracts home buyers. And therefore, there is always demand for properties where the social infrastructure is outstanding.
Good Connectivity
While investing in the properties, you need to consider the connectivity of the locality. The connectivity network has a direct impact on the growth of the locality. People prefer the location where there is ease for the commute to the workplaces and markets.
Bangalore has a robust connectivity network. It facilitates easy access to the leading employment hubs in the city and other essential facilities such as healthcare and education. The Namma Metro, Kempegowda International Airport Bengaluru, Bangalore Railway, and Bus network have provided solid infrastructure for the connectivity of the city.
Investment in a locality which has good connectivity is always beneficial from the investment perspective.
Rapid Commercial Growth
Bangalore is an It hub of India. Other industries such as electronics, chemicals, pharmaceuticals, manufacturing also have a presence in Bangalore. Because of these leading industries, Bangalore has some of the best employment hubs. These employment centers have provided job opportunities and also have triggered the demand for residential properties in Bangalore.
As Bangalore city is growing on the commercial front the property prices in the key locality have been increasing. Therefore, the rapid commercial development of the Bangalore region has been one of the main reasons that make buying flats in Bangalore a good investment option.
Summing Up:
Buying a flat in Bangalore is definitely a good investment option considering the residential, commercial, and infrastructure growth of the locality. The residential projects in Bangalore have been top-notch and known for their high quality of living.
High Property Price Appreciation, High Livability Rating, Quality Social Infrastructure, Good Connectivity, and Rapid Commercial Growth are the key reasons that make Bangalore a good investment option for 2021-2022.
