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Bangalore, or Bengaluru, as it is now known has been the Information Technology (IT) capital of India, owing to the numerous software development, IT-Enabled Services (ITES) and Business Process Outsourcing companies that have their base in this garden city. Consequently, Bangalore is witnessing an insatiable demand for residential, commercial and office properties. Companies like Mantri Developers, who have established themselves as not only the leading Bangalore property developer but also amongst the most noted property developers across the entire South India, are now striving to cater to this phenomenal demand by coming up with international-standard apartment/ condominium complexes and commercial property projects. With soaring demand, Bangalore property prices were bound to go up and they have in the past few years. However, from the property investor’s perspective, property prices are expected to continue to rise – even the economic downturn of the past couple of years didn’t significantly affect property prices. Among the areas in great demand for Bangalore residential properties are Malleshwaram, Outer Ring Road, Off Kanakpura Main Road and off Hennur Main Road. Numerous international-standard apartment blocks, offering 2, 3 and 4 BHK flats are coming up in these areas, offering property buyers excellent choice both in terms of their current housing needs as well as making a sound investment with significant capital appreciation in the long-term. As Bangalore’s growth continues unabated and the city attracts professionals from around India, the property market in this city looks set to remain hot. Investing in a 2 or 3-bedroom flat in Bangalore now will undoubtedly be prudent for any one with an appetite for making an investment in real estate. Bangalore is also an ideal property investment destination for non-resident Indians, who typically prefer to invest in the metro cities of the country. All in all, considering the potential upside, there is no better time than now to invest in a flat or luxury house in India’s garden city. About the Author Natasha Hyder Shah is a prolific Mumbai-based freelance writer who writes on numerous topics including travel hotspots, real estate, business and marketing, to name a few.
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