- Supply: This aspect is stable in Bangalore because of several new upcoming projects in the outskirts. This is no doubt attracting the attention of the buyers and investors – both Indian and international. This area of the city has seen an upsurge and its total share of net absorption has greatly increased.
- Demand: The demand in this metropolitan is never ending because of this city being the IT hub or the Silicon Valley of India and hence it attracts movement of professionals from across the globe to this city. This is why the graph of the residential real estate segment in Bangalore has more or less been stable. Though the vacancy rate slightly fluctuates, the occupancy rate keeps rising.
- Capital Value: The capital value of the residential apartments in Bangalore has been appreciating. The new projects with higher price has stirred a hike in the value of several existing residential areas as well. Moreover, the penetration of more and more MNC’s and attention of HNI’s and upper class has made the graph dynamic. The developers understand that people of all income groups have varied needs and hence have been developing suitably priced homes for almost all income groups. Therefore there has been a win-win situation here.
- Expansion And Infrastructure: Bangalore is one of the best examples of Expansion and infrastructural development. Areas like Whitefield have been the major attraction of reputed players of real estate market. Several well-planned townships are offering perfectly priced homes with additional amenities which further lure the buyer. This is why the population here is increasing and the city is expanding its residential borders. Buyer who are looking for apartments for sale in Whitefield, Bangalore and other areas around it are going to be happy with their buying decision in the long run because of the appreciating value of residential assets here.
- Vacancy Rate: it has increased due to positive reasons more than negative ones. Since the infrastructural development has been at a faster pace, than the movement of population to this metropolitan, there are ample number of vacant apartments for new buyers to choose from. Hence, giving variety of choices them to pick a suitable property. Market players like Brigade are offering homes for buyers of all the income brackets.
- Sentiments of Buyers: Sentiments across channels show improvement since the favorable market condition has earned confidence of the buyers and investors and hence the supply and demand has also led to appreciation of monetary value of the assets.
- Rentals: Housing sector has seen growth and maturity and this is precisely why even the rentals have shown improvement. So while you can use your property to generate income and pay your installments. Furthermore, the temporary migration of professionals for work here, has increased the prospects of rental sector.
So, real estate is a good investment option and can also be used as a resource to generate additional income.
Property Buying Info 