Land investment is referred to as a long-term investment and with land prices on the rise in many parts of the world, it is said to be the safest and smartest way of investing one’s money. If the legal development of land is undertaken, then it could be a profitable business. Capital gains can easily be availed when land price increases. The most striking aspect of land investments is that residents can readily make use of the benefits that are offered in the long-run.
Reasons to invest in and around Bangalore
India’s real estate sector is evolving and undergoing a transition over the past few years. Bangalore is fast becoming a hot and happening investment destination. The city’s residential real estate market has been surprisingly growing substantially and is quite stable as compared to other metropolitan cities. Here are some important reasons as to why it’s a smart move investing in the ‘Silicon Valley of India’.
IT & Manufacturing Sectors – One of the most important factors spurring the real estate growth is the development of the IT sector with the IT Parks in major localities like Whitefield, Marathalli Outer Ring Road, Sarjapur Road, Electronic City, and Hebbal. A lot of manufacturing and servicing hubs have increased the employment opportunities and increased the demand for residential housing in and around Bangalore.
Improving the Connectivity – Improving the connectivity through the Metro Rail, phase – 1 of Namma Metro is fully functional and soon the other corridors will be operational connecting various parts of the city. This has not only spurred the growth of Bangalore’s real estate market along these lines, but is also been a great addition to the prestigious IT industry, and has given rise to lucrative employment prospects.
Residential Construction Projects – There has been an increase in the number of high-end residential projects spread across various parts of the city, especially in and around Sarjapur Road, Whitefield, Electronic City, and Hebbal. There are many projects by renowned national and international architects and designers, which are paving the way for high-end living flats for sale in Bangalore. The demand for apartments, penthouses, villas, and plots for sale in Bangalore is increasing amongst NRIs as well as natives of the city, many of whom enjoy attractive pay packages.
A Place of Opportunities – Bangalore has always been known as a haven for students, with several nationally ranked educational institutions in the city. This along with a lot of job opportunities in the IT industry has increased the demand for real estate industry in Bangalore, especially in the areas of Electronic City, Whitefield, the ORR corridor and areas in North Bangalore.
Steady ROI – In terms of steady ROI, the preferred areas to buy property or new projects to invest in Bangalore have been the following – the stretch across Sarjapur Road, Sarjapur Outer Ring Road, Whitefield, Hebbal and Electronic City. These are the locations which have also seen the highest demand and appreciation for residential property in the past few years.
Bangalore has no doubt been the city that has benefited the most from India’s IT boom. The growth of the city is commendable and the government has a huge role to play in it. With newer projects and a huge urbane population, the city offers capital appreciation worth gaining. With the introduction of facets like RERA and GST, Bangalore is sure to offer affordable housing options that are in line with industry standards and customer residential expectations.