Friday, 22 July 2016

Luxury Homes in Bangalore have seen a great demand in past few years.




Real estate in Bangalore has always been a promising destination for real estate investment  due to hosts of benefits. Touted to be one of  the top real estate investment destinations in India, the city showcases a vibrant realty market.  
Below are  the reasons to invest in real estate in Bangalore.
The beautiful climate that stays around the year is the major attraction of the city. This pulls a good number of people from different parts of the country who migrate to this city with an intention to settle down here permanently. The city also makes an amazing holiday destination with several enthralling hill stations located in close vicinity such as Coorg, Nandi Hills and many more. Bangalore is a beautiful melting pot where different cultures meet. The city enjoys  beautiful cosmopolitan crowd which enhances the attractiveness of the city.
The city has seen over 100 Fortune 500 companies set up over the last two decades.  Presence of a good number of  IT firms  and multinational corporations and more blue chip companies entering into the space, the city attracts a good number of professionals every year. Burgeoning industrialization in the city has significantly fuelled the demand of property in Bangalore. Almost every leading technology company has a presence in the city. This translates into huge employment opportunities and white collar jobs.
Property in Bangalore is also eyed  by the foreign investors and NRI Diaspora. The city attracts a god number of foreign investors mainly because it promises  handsome returns on their investments. The city incorporates acclaimed educational institutions , god hospitals , fun and entertainment avenues  and most importantly, a good proactive and supportive state government. The favorable government policies and its continuous effort has given an edge to the city over other hotspots. The city has very pleasant and moderate climatic conditions, an excellent connectivity of telecom throughout the city, easy availability of able and cheap labor,  good intra road and rail transport system, which not only helps easy transport of men and goods within the city, but also out of the cit
Bangalore has also seen a good demand of luxury apartments and stands third as the largest investment hub of High Net worth individuals (HNIs). The multi-cultural population base of Bangalore with its refined tastes and top notch choices  looks for  high-end residential apartments and villas, particularly the villas in Bangalore which are in high demand. Whitefield, Outer Ring Road (ORR), Central Business District (CBD), Secondary Business District (SBD) and North Bangalore are  the most prominent markets selling luxury homes in Bangalore. Villas are mostly demanded in areas like ORR, Sarjarpur Road, Whitefield and North Bangalore.
South
In the south, Bannerghatta Road has witnessed a rise in premium villas and houses. Localities like J P Nagar and Banashankari  are seeing a great demand of high end residential properties.
East
Premium villas have come up in the east, in places like Budigere Cross, Krishnarajapuram and Whitefield Road.  Proximity to the city's airport and extensive bus connectivity has  unlocked the value to these areas.
West
Due of  the presence of several retail chains and hotels, demand for luxury homes in places like Yeshwantpur and Dr Rajkumar Road is growing.

Luxury homes in Bangalore have seen a tremendous demand in the past few years.

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