Top Residential Real estate in Bangalore

Bangalore may have gone from garden city to silicon valley, but it's still a great place to invest in real estate. It stands as an IT base of our country with a number of blue chip companies, multinational corporations and IT firms. People prefers to buy property in Bangalore because of many reasons. Bangalore enjoys a robust infrastructure, great connectivity and top of it the place bestows pleasant weather all round the year. It also makes an amazing holiday gateway with many places located in the vicinity such as Coorg and many more.  The city also has several acclaimed colleges and institutes and also enjoys an amazing cosmopolitan culture. Al these factors combine together to attract the investors to buy property in Bangalore.

Captured below are the areas that make the Top Residential Real estate in Bangalore-

Whitefield

An extended suburban of Bangalore, rapidly transformed into one of the poshest regions of the city due to the IT boom. Presence of number of MNC'S in this area increases the number of people that travel to Whitefield on a daily basis. The area has developed into a vogue satellite town featuring several malls and entertainment zones. Nearby railway station further boosts the connectivity to other parts of Bangalore.

Sarjapur

Has recently developed into one of the prime localities for property in Bangalore. It is well connected to many of the IT hubs in Bangalore and has excellent connectivity to other parts of the city, including Electronic City, Marathahalli, Outer Ring Road, and Whitefield.

Since many people are employed in nearby areas, Sarjapur has a healthy supply of entertainment as well. Presence of malls, multiplexes etc adds to the lifestyle quotient of this area.

Hebbal   

Once one of the outskirts of Bangalore, Hebbal is an area that has witnessed tremendous development over the past decade. The most striking quality of Hebbal is the number of flyovers which offers a robust connectivity. One can easily reach this area from most parts of Bangalore, as it is situated close to the outer ring road. The city incorporates one of the biggest tech parks of Bangalore and also enjoys a robust social infrastructure.

Hoskote

There are many reasons that make this area stand amongst the Top Residential Real estate in Bangalore.

Industrial area in Hoskote has the presence of nearly 200 industrial units that are occupied by global automotive brands such as VOLVO, Honda etc. Further to this, a slew of manufacturing hubs are being developed in nearby locations such as Narsapura and Budigere, that are likely to generate an addition of more than 1 lakh jobs in the coming years.

Hoskote has superb connectivity with Whitefield (14 KM), Outer Ring Road (ORR) and lies on the growth corridors of NH- 4 that connects Pune-Bengaluru-Chennai. The location has close proximity to proposed Peripheral Ring Road that will reduce the travel time to nearby areas such as Whitefield, Hoodi, Marathahalli etc. upon completion.

The location has plethora of exquisite social infrastructures that makes Hoskote a comfortable place to live. It is a home to various schools, research institutes, hospitals & shopping malls.

Residential property in Chennai emerges as a promising destination.

Real estate property in Chennai has emerged as a favorite destination for investors and buyers. The city is a home to many blue chip companies and also enjoys a robust infrastructure and excellent connectivity. Driven by these factors more and more people are willing to invest in residential property in Chennai. It also has several good colleges and acclaimed institutes that attracts a good footfall every year.

Let's have a look on the factors that spur the demand of Chennai below.

Burgeoning Infrastructure

 Infrastructure in Chennai is constantly growing and emerging into a major IT, automotive and an electronic manufacturing hub. Commercial demand is also witnessing a positive growth. A spate of new companies are investing and setting base in the city, creating more employment opportunities thereby stimulating the residential demand in and around the city. Infrastructure is being developed to suit the needs of various industries that are setting foot into the city. Focus is on the Outer Ring Road (ORR) were the Phase I (Vandalur to Nazarthpet – NH 4) has already been completed. ORR Phase II where land acquisition is in advance stages will boost the real estate activity along this corridor. Chennai and its adjoining cities are among the best for primary and higher education in the country today. Healthcare and medical facilities in the city are also among the best available in the country. Development of new hospitals, schools, malls and multiplexes in the emerging locations are all stimulating growth for the city’s infrastructure. Thus real estate property in Chennai is expected to witness positive impact backed by these developments.

Transport

The Public Transport lines across the city are taking a turn for the better with more bus services and routes announced by the government facilitating faster and better commuting. Along with this, the Chennai Metro Rail project which is expected to be ready by the end-2015, and the Monorail project which has recently gained momentum will drive residential prices along their respective corridors.

A End-User Driven Market

The residential market in Chennai, unlike in other Indian metropolitan cities, is driven by end users who constitute a major strata of the buyers. This buyer base provides a strong foundation to long term investments in the city’s residential market as it reduces market volatility.

Flexibility, Availability and Affordable Price Tags

It is recommended that buyers make an investment decision keeping in mind the various schemes and offers that are being offered by developers. Also in the current market the buyers have a wide choice of locations, apartment sizes and prices, which going forward may not be available due to the increase in demand in the near future. Apart from Chennai city, locations close to the IT hubs, specifically on the OMR and ECR is expected to witness a lot of traction and interest from buyers on the back of employment opportunities and development of social infrastructure. All these factors have significantly pushed the residential property in Chennai to bring it up the curve. Chennai emerges as a hot property for investment in residential units as it is expected to reap in tons in near future.

Shift in real estate trends in India after witnessing signs of recovery.

Indian real estate sector has been sluggish for a few years but finally showing positive signs of recovery and expected to make a turnaround in 2016. Experts believe that the sector is expected to record increase in sales and a reduction in unsold inventories. They believe the government initiatives announced this year will give a push to the sector and reinstate investor confidence. With this major shift that Real Estate has witnessed,  changes in real estate trends in India has also been observed.

Let's  have a look what’s in store for the real estate sector in the years to come -

Industrial corridors to boost infra growth in hinterland  

Cities falling along the major industrial corridors are envisaged to witness tremendous  growth in the coming years. As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. Thus, once completed, the real estate growth at India’s hinterlands, connected via these corridors, will be exponential.

Smart City’ tag to boost realty prospects

‘Smart Cities’ is the latest buzzword that has created a wave in the country.

Thus, a lot of development will be seen in and around these cities. Survey  reveals the growing interest of buyers towards these potential cities. It is interesting to note that about a good number of people showed interest in upcoming smart cities for investment. While several cities have been proposed, few areas within the cities have also been identified. For instance, Electronic City in Bangalore and Bandra-Kurla Complex (BKC) in Mumbai.

Residential plots to rule the roost  

Unlike conventional market trends, residential  plots are gaining prominence amongst the  property buyers. Buyers prefer to buy plots for lucrative returns in the mid-to-long term horizon. This can further be justified by the fact that they are now considering upcoming smart cities, where apartment culture is yet to catch pace. Also, for the development of these smart cities, smaller areas in the peripheries are being identified.

Heritage cities are a next big thing   

The recent initiative by the government to develop various regions as heritage cities will also lead to high realty growth in those cities in the times to come.

The cities to be considered in the 1st phase of development include: Mathura, Amritsar, Ajmer, Varanasi, Vellankani, Kanchipuram and Gaya.

The second phase will include cities such as Puri, Tirupati, Allahabad, Ujjain, Hampi, Rishikesh and Lucknow. While cities like Varanasi, Rishikesh and Lucknow are already seeing considerable realty growth, other cities are likely to join the bandwagon soon.

Apart from the changing trends in real estate , one more significant change can be observed. Real estate has gone a long way from traditional to digital. Earlier most of the people depended on brokers for buying property but now the end to end process can be carried online.  Today website for Property in india makes your work easier and showcases all the important and relevant details.  They also tends to offer plethora of other benefits

Saves time : In the horn blaring city mundane, people live busy lives where people but don't have much time to go out searching for a home to buy or hire on rent, website for Property in India provides an easy access to large inventory.  It does the major part of your homework in few clicks. Hence it is time saving and hassle free.

Faster means of searching a property: Online searching is the fastest means of finding a suitable property. Within few minutes you can have a look at a number of properties and can also make a quick deal.

Trust : Websites for Property in India has helped build the trust by sharing utmost transparency in the business. Earlier people lacked trust and suspected of fraudulent activities in the name of real estate.But now with the property websites, the trust issue is resolved and buyers prefer to opt services from a trusted brand .

Celebrity Homes in India

Real estate market is a preferred zone of investment for several big shots in the country. Our Bollywood stars are not an exception to this scenario. Bollywood celebrities and big business tycoons have been indulging in property purchase not just for self-use but also as an investment. Owning luxury property in India is not only a fad in  society but is popular all across the world. 

Shah Rukh Khan

Shah Rukh Khan also known as the King of Bollywood surely knows how to live his life king size! His state of the art mansion, named Mannat, in Bandra, Mumbai is worth whopping 200 crores. The extravagantly designed mansion is an epic example of the charm the actor beholds.

Amitabh Bachchan

The superstar of the millennium is said to have 5 houses in Mumbai itself. However, Jalsa is the mansion where the royal family resides. ‘Pratiksha’ was the original residence of the Bachchans’, and it was here that Amitabh lived with his parents, wife and children for nearly 40 years.  The legendary actor clearly likes investing in real estate in India.

John Abraham

The stud of the Bollywood has not only won the hearts of millions by his performance has also earned an extremely expensive sea facing penthouse in Mumbai. It is awesomely designed by his father and brother and makes a perfect bachelor home, accommodating all the amenities such as a small gym, swimming pool and many more. 

Akshay Kumar

The evergreen actor of the Bollywood and the super star Akshay Kumar owns a sea-facing duplex flat in Prime Beach in Juhu. Designed to his tastes, his apartment also stands class apart with jaw dropping interiors.

Salman Khan

 

Also in Bandra, near SRK and Big B's homes, is Galaxy Apartments, the home of another Bollywood superstar, Salman Khan. Bhai often comes out on the verandah on the 1st floor to greet his fans who, every now and then, gather outside his house just to catch a glimpse of him.

Mukesh Ambani

One can easily spot the residence of the richest man in India which is located in one of the most expensive property in India to live , the Altamount Road, in South Mumbai.'' Antilia , '' Mukesh’s sole residence  was named after the phantom island apparently located on the Antarctic Ocean. Being a 40 storey building, the residence almost touches the sky and overlooks the city. It also involves four storey garden that surpasses with its beauty.