In the stumbling realty market, very few cities like Bangalore show a positive trend. Even after the demonetization and RERA, there is no downfall as such in the market demand. |
Yes, the rates have come down as compared to the past but there is no effect on the enthusiasm of the buyers.
All areas in the city have performed well, but Apartments in Bangalore South outshines. The ratio of demand and supply is pretty balanced there.
Property geeks feel that the future is bright as there has been a good growth this year. It is expected that the rates will also go up and the demand will also increase.
Why is Bangalore the investment hotspot?
Localities in Bangalore, especially houses, villas and Apartments in Bangalore South are considered hotspot because a few areas show as high as 40 percent growth in five years.
Several upcoming projects are emerging in the coming years which will change the skyline of Bangalore. With the still growing job opportunities and improving infrastructure, Bangalore is a paradise for property investment.
Those who invest from a long-term perspective earn a handsome amount in Bangalore. A good capital appreciation is expected in 2018 and after.
The prominent places in South Bangalore
Several areas are getting developed (or already developed) in the southern part of Bangalore which makes it a great place for buying property.
Puttenahalli, Koramangala, RajRajeshwari Nagar, Jaya Nagar, BTM Layout are to name a few. Property experts say that Koramangala and Jaya Nagar are in a high consumer demand for purchasing home. Followed by that is BTM Layout because it is very close to IIM and well-connected to the rest of the city.
People working in the nearby areas prefer to buy houses, flats or Apartments in Bangalore South. 2BHK properties are in high demand in Bangalore South; for rental purpose or personal use.
Bigger flats or apartments are not popular because buyers find it too expensive. Similarly, ultra-luxurious houses are also not preferred by middle-class and upper-middle class buyers.
In general, buyers prefer smaller flats in Bangalore because the majority of the families are nuclear families.
They are the people who have come to Bangalore for the job. Hence, they do not want bigger houses. Property market figures indicate that Bangalore is still amongst the preferred cities people want to get settled. Hence, the property market doesn’t show a dip regardless of external factors.
Consult the best property experts in south Bangalore, before buying a flat or Apartments in Bangalore South.
Related Articles -
flats in south Bangalore, Apartments in Bangalore,