Bangalore has been a top location for real estate investment owing to the immense IT developments in the city. This has also resulted in several individuals migrating to the city in search of better employment opportunities. The city has also advanced in the fields of technology, transport, connectivity, luxurious establishment, etc. It is one of the major locations for investment in terms of financial progress and industrial development as well. It is undoubtedly the best time to invest in Bangalore as the market is quite stable and the pandemic has brought in several additional benefits for the investors in terms of builder discounts and reduction in stamp duty charges. Listed below are some of the reasons why you should invest in the Bangalore real estate market.
Why invest in Bangalore
Investing in Bangalore is a great investment as it is a perfect mix for your commercial and residential investments. Bangalore city has been fruitful in attracting foreign and domestic investors owing to some factors that are listed below:
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Bangalore as the IT Capital of India
Bangalore has been recognized as the IT capital of India and is often referred to as the Silicon Valley of India. Several large IT companies have set their base in Bangalore and as a result of this, several ambitious and talented youth from all over the country migrate to Bangalore in search of employment. Apart from these big companies, Bangalore also hosts a large number of startup companies. The economical and commercial development of the city has enabled it to increase the rate of construction of high-end and opulent residential projects. Thus Bangalore has been recognized as the dream spot for investment among several youths.
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Tax benefits by investing through leverage
You can also earn a tax reduction by investing in Bangalore by availing of a bank loan. Several individuals that migrated to Bangalore also hope to settle down in Bangalore as it offers a modern lifestyle and a better standard of living. Thus by giving a tax exemption in investing through home loans, gives the young spirited youth population of Bangalore an apt choice for investing in the property of their choice. You can also be benefitted by investing in rental properties as the rental value will increase over time and the monthly loan payment will remain stable, thus enabling you to have more income to recover from the cost of investing.
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Great returns on investment
The development in Bangalore is not restricted and there is some development every day. With the increase in the number of developments and economical projects, the price of the property is also expected to go high. Areas such as the Hebbal, Indira Nagar, Narasapura, Hennur, Yelahanka, Whitefield, etc. are known to host high-profile media agencies and other working sectors which in turn increases the demand for deluxe apartments and beauteous villas. Factors like this have made them some of the studded localities of Bangalore, making it an ideal location for real estate investors. Bangalore city is also prone to a high rate of appreciation.
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The steady growth of the real estate market
The realty market in Bangalore has experienced stable growth and has generated immense profit for homeowners in the long run. Bangalore is one of the fastest developing metro cities along with Mumbai and also the fourth richest city of India owing to factors such as commercial investments, technological enhancement, better connectivity, superior infrastructure, access to facilities such as schools, colleges, healthcare institutions, etc. The city is continuing to grow and expand further through global trade and local startups. Thus the investment decisions taken by investors need not be regretted.
Bottom Line
Bangalore is a city that attracts a large population from all around the globe. The fact that the economic factors of the city are favorable for real estate investment is one of the main reasons for the increasing demand for real estate property in Bangalore. The great climatic conditions and enjoyable lifestyle attract youth to the city. Facilities such as education, infrastructure, and the agility to generate employment opportunities, make Bangalore stand along with other A1 cities of India.
While comparing Bangalore with other cities, it is also important to note that Bangalore offers properties at a much lesser value than that in Delhi, Gurgaon, and Mumbai. All these factors have driven the attention of the investors. Thus Bangalore is a good investment option for both realtors and homeowners.
Assetmonk is a smart platform offering investment opportunities in cities such as Bangalore, Chennai, and Hyderabad. Some of our offerings in Bangalore include CBH Series I and CBH Series II. We offer long-term and short-term investment opportunities.
Top Reasons to Invest in Real Estate Bangalore FAQ's:
Yes, it is good to invest in Bangalore real estate market as it is a city that is growing at a faster pace. Factors such as good connectivity, excellent infrastructure, ecological balance, access to amenities such as educational institutions, colleges, banks, etc. help in appreciating the value of the property in Bangalore. Investing in Bangalore is also a good option as it provides the investors with a high rate of return.
Investment in commercial real estate may be one of the best investment options in Bangalore as several businesses are opening up in Bangalore. It is recommended that you invest in rental properties as you can also earn a good rental amount from the property. If you are planning to invest in residential real estate then it is recommended that you invest in affordable housing segments now as the stamp duty tax has also been reduced on affordable housing units.
Yes, 2021 is a good year to buy homes as several benefits have been granted due to the pandemic. The government has announced stamp duty reductions, banks offer home loans at a lower rate and the builder provides properties at a much lower rate as well.
Some of the best regions for residential investments include Whitefield, North Bangalore regions, BTM layout, Nayandahalli and Kanakapura roads, etc. Some of the best locations for commercial investments include Hebbal, Bellary Road, Hennur Road, and Thanisandra Main Road, ORR, Marathahalli, Electronic city, etc.
