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Real Estate Market in Bangalore 2022


Real Estate Market in Bangalore 2022

All the developed cities in India have seen exponential growth in the real estate industry. The Silicon Valley of India, Bangalore, has witnessed tremendous demand in the real estate sector for its ever-bustling, lively environment. The increase in the working population in Bangalore is one of the biggest trends in the real estate sector. This could also lead to a rise in demand for commercial spaces such as offices, co-working spaces, studios for start-ups, etc in Bangalore. If you are an investor with a purchasing power limited to 2BHKs and 3BHKs, it is suggested to look into residential projects in and around prime areas like White field, and Indiranagar. Not only these locations are popular but also well-developed. Investing in these areas would mean an increase in their value due to a predicted spike in the rate.

With the professionals seeking more career opportunities in the Silicon Valley of India, there is a growing trend of searching for sustainable housing in real estate properties. According to several researches, the millennial consumer behavior pattern involves seeking environmental-friendly housing options. An increase in demand for sustainable living options in the Bangalore real estate market is quite visible. Housing for senior citizens is one of the biggest trends in the real estate industry in India. Most people with older parents look to strike a perfect balance between staying close to family and having their personal space. Most often, people would feel reluctant to leave their parents in their old-age homes and would look for apartments in gated communities. Apartments in the South-Eastern region of Bangalore would be the perfect place to invest in. The Bangalore real estate sector is rooted as the most sought-after market as the city is known to be cool, calm, and beautiful. With the premium apartments packed with amenities, such as 24/7 security personnel, CCTV cameras, fire safety, etc. they guarantee a safe environment for elders and kids. Furthermore, luxury apartments are on-demand in real estate listings as they are the best plans after retirement.

Another essential trend in the Bangalore real estate market would be innovation-driven homes. People no longer invest in apartments that just have a swimming pool or a gym, they also look for state-of-the-art amenities. They make a purchasing decisions based on innovation. The residential real estate industry in Bangalore recorded a recovery despite the pandemic exigencies in 2021. The disruption caused by the COVID 19 pandemic is slowly settling and the real estate sector is expected to gain back its rhythm in the next two to three years. The residential sector is thus anticipated to see around five percent capital value growth in 2022. Bangalore’s real estate growth graph has displayed significant signs of sustainable recovery. The Bangalore real estate market is likely to get back on track much faster than other cities.

Bangalore is becoming the topmost choice for real estate investment among prospective homebuyers and investors due to its reputation for the lowest delay in handing over apartments. Besides, the reduction in stamp duty has been a good decision by the Karnataka government. The decrease in property stamp duty from 5% to 2% for properties within Rs. 20 lakh and 3–5% for properties in the price range of Rs. 21–35 lakh came as good news for homebuyers. This reduction will encourage people to invest in properties in Bangalore. The incentive of getting Rs. 60,000 off on an apartment of Rs. 20 Lakh will also remarkably help homebuyers during the real estate market recovery and help gather resources for strengthening the market. Robust infrastructure and easy connectivity are some advantages for property investment in Bangalore. The appreciation value of an apartment depends on Bangalore's upcoming amenities. The city's proposed ORR and metro network expansion will accelerate convenience for intra-city commute and be a positive upthrust for real estate investment.

So, if you’re looking for a 1, 2, or 3 BHK apartment in Bangalore, Prestige Roshanara is the way to go. It offers 1, 2, and 3 BHK apartments with modern lifestyle amenities and features thoughtfully envisioned with the sole intent to fulfill all your demands.

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