India’s property market is performing well
after the sluggish downturn it had witnessed in the last few years ago. Even in
the global meltdown period, India has seen quite robust growth as compared to
other economies. As it has been so resilient, there are many investors looking
towards India as an investment destination. Several institutional investors
feel that India has a high potential for growth in the coming years. Bangalore
is one such city that adds to the growth story of India. The city has been featured
as the first investment spot in India. Therefore, there are many homebuyers
interested in buy Buy propertyin Bangalore.
The biggest contributors to this city’ growth
are the mushrooming IT and BPO sector. This revolution has changed the dynamics
of the city. There is perpetual demand for both the commercial and residential
property in Bangalore. There is a huge demand by the international companies
for the commercial spaces in the city.
Some of the eminent commercial buildings that
are coming up in Mumbai are as follow-
• Vishwas Majestic Heights- Vishwas
Majestic Heights is a commercial complex, which is placed at the centre of the
city with a multiplex. This multiplex has created an excellent investment
opportunity for the investors for rental with a lease period of 20 years and
locking period of 15 years. The built up area is between 500-10, 00, 00 square
feet. The sale price range of the property is Rs 60 Lac – 120 crores. The size
of the property is at Rs 12,000 per sq ft.
• Office space in IT park in HVP crest,
Whitefield- This area is very well connected to the IT hub of Bangalore.
The famous Shantiniketan Mall is located adjacent to this property. This
property is ideal for the rental purpose. The booking amount of this office
space is Rs 10, 00, 00 per sq ft. The selling price of the property is Rs 3
crores with price range within Rs 5250 per sq ft. The total built up area is
5000 sq ft.
• Commercial showroom at Indira Nagar, East
Bangalore- This is a standalone commercial property on
the 100 feet road and is closely located to the restaurant Barbeque Nation.
This property is located at the Indiranagar. The total built up area is 25003.0
sq ft. The sale price of the property is Rs 40 crores at size Rs 15,999 per sq
ft.
The increased popularity of the commercial
properties in Bangalore will surely attract many companies in the near future
as well. These companies will create more job opportunities, which will also
boast the residential
projects in Bangalore.
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