Leader: IBEF states that the Indian real estate market is predicted to touch the mark US $ 180 billion by 2020. The housing sector gives 5-6 percent to the country’s GDP.
The Indian Brand Equity foundation says that Bengaluru has topped the charts for property investment, followed by Delhi, Goa, Chennai, Ahmedabad and Pune. IBEF states that the Indian real estate market is predicted to touch the mark US $ 180 billion by 2020. The housing sector gives 5-6 percent to the country’s GDP.
According to real estate industry specialists, Bengaluru is a good place to retire. Bengaluru is a suitable place to settle as there are gardens, parks and ample job opportunities. It has state-of-the-art hard and soft infrastructure with the mentioned facilities.
It has become a centre of attraction for real estate investment, as it offers a good return on investment coupled with rental income. The city has a solid ground for macroeconomic dynamics and stability, mainly in regards to the IT/ITes sector creating real estate demand.
Bengaluru has recorded the highest office space absorption in 2016, amounting to 34 million square feet (msf), according to reports.
The investors are of the opinion that the skills shown by the property developers are way higher than the other cities in India. This gives the investors the courage to make an investment, without any risk.
That’s not it.
There are several reasons for Bangalore’s real estate market. One, Bengaluru real estate market has been a consistent performer as compared to other cities in India. Two, the city invites investments from major technology companies coupled with startups. Due to this, several workers are searching for jobs in the ‘silicon valley of India’. Three, pleasant weather entices families to purchase homes in Bangalore.
Moreover, Bengaluru is a good option, if investors desire to make investments in the long term. There is hardly any rental income as the time taken to find or replace tenants is low.
As reported in Hindu Business Line, Anuj Puri, Chairman, Anarock says “Increased commercial activity, positive buyer sentiments, infrastructure upgrades and improved job opportunities in the city have given a major fillip to Bengaluru’s housing market,” Anarock Chairman Anuj Puri said.
Property Developers in Bangalore
The property developers in Bangalore are taking care of projects on a wide scale. For example, a property developer with the name—Adarsh Developers—is handling commercial, office projects and residential.
Interestingly, Adarsh Developers has a good image for razor sharp construction on the ‘palm meadows project’. As shops and malls are near-by, the facilities are good.
The motto of Adarsh developer’s vision is to develop world class properties that have good standards in quality. Their villas, apartments and projects are well planned.
Also, they provide eco-friendly homes. For the last twenty years, Adarsh has been giving families a good home and customers are happy with the services offered by Adarsh developers.