Bangalore is the go-to destination for millions of youth around the country as it holds varied prospects for lucrative careers. As more and more youth seek to start their career and settle down in this city, there is a surge in the construction of private properties and commercial buildings. Basically the urban lifestyle of the populace is going to dictate the real estate Bangalore trend in 2019. The posh localities are brimming with more life than ever and the semi-developed areas are undergoing thorough renovation.
As the capital appreciation is quite sizeable, individuals do not mind in investing in a housing property of their own. It is one of the fastest growing cities in India which is witnessing the expansion of global companies and tying up with major MNCs. Hence the real estate market is quite stable as compared to other cities. Even NRIs who left the country in search of amazing work opportunities in the last couple of decades, have been reconsidering to return to executive levels in their homeland. Such socio-economic conditions are going to determine the real estate Bangalore trend this year. However before investing anywhere, one should be wholly aware of the best localities to invest in.
The areas in Bangalore which will offer the highest return on investment are HSR Layout, Whitefield Hope Farm Junction, KR Puram, Bellandur and Budigere Cross. The biggest real estate Bangalore trend will unfold in these posh localities which constitute the major IT parks and thus attract interested settlers. The best part is that these are the areas which give the probability for highest returns. According to various data collated from real estate experts the property prices has been steadily growing for the last 6 years in HSR Layout. Those planning to invest here will have to spend Rs. 6,294 for every square foot.
Even Whitefield is a viable option for buying residential property this year. The property prices have increased by 33 percent. One can understand the ongoing real estate Bangalore trend from the vigorous construction of residential and commercial projects in the well-connected areas of the city. Even Bellandur has ample investment opportunities with over 200 ready-to-move in and 12 under-construction projects. Budigere Cross is another locale offering posh surroundings and affordable apartments. The property prices have steadily increased by 21.6 percent in the past six years taking the property prices to Rs. 4,262 per square foot in 2019. The locality has over 40 ready-to-move-in and 18 under-construction projects on sale.
The biggest impact on the real estate Bangalore trend has been created by the expansion of metro. The ease of conveyance has acted as a big incentive for many settlers who do not wish to engage in the daily struggle of road traffic. This is exactly why the demand for real estate property in Bengaluru never goes down, despite a prolonged slump in India’s property markets. Thus even in 2019, the real estate Bangalore trend indicates a flourishing outlook for all planning to settle down in this city and for other investors looking to buy.