The Robust Real Estate of Indian Silicon Valley Bangalore

The Robust Real Estate of Indian Silicon Valley Bangalore

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Bangalore, also known as the Indian Silicon Valley, has remained as a frontrunner of the growth and development of the asset market. In the recent past, the city was seen topping the realty charts and is thriving with new launches across the real estate sector. Be it contemporary residential units, commercial spaces or retail hubs, there have been some major developments leading to expansion and appreciation in the past decade. The following article will discuss about the current real estate scenario of Bangalore and its rental property trends.

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The state-of-the-art business districts like Electronic City and Whitefield have helped transform the city into a cosmopolitan core of commerce and trade in India. Because of such development activities, there has been a spurt of residential activities all across. Integrated residential developments have been upbeat due to the growing demands for self-contained habitations in metro regions.

The new residential projects like Prestige Lakeside Habitat, Hiranandani QueensGate and Nikoo Homes are spearheading innovation and decisive growth in the property market of Bangalore. The city is ripe with premium projects that are part of well planned residential locations, world class amenities and well-developed infrastructure. All these factors have elevated Bangalore’s realty segment to a standing for world recognition.

There are several foreign investors eying investments in the city. These include Singapore’s Jumabhoy family and Singapore’s government wealth fund GIC. They will be venturing into the luxury residential plus commercial segments of Bangalore. Among the Indian players, Bhartiya, Prestige Group and House of Hiranandani have sustained their development sprees and have adorned the real estate market with quality projects.

The government has also remained supportive and has helped boost the infrastructure by broadening service lanes, constructing elevated expressways and improving connectivity with rail and metro.

The real estate of Bangalore is mature and has been faring well in comparison to other cities. The leading developers have managed to deliver the completed projects and meet the delivery schedules on time. Such efficiency, timely possession and provisions for modern-day realty solutions are creating a sense of gratification among the buyers. Now with the regulatory framework in place and eased FDI policies, the growth prospects of Bangalore real estate are brighter than ever.

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Rental Real Estate

The real estate in Northern Bangalore is said to be witnessing a spike in rental values. Taking a house on rent in Bangalore’s northern region may get a little more expensive now as the region has recently undergone an increase in rental values, but the trend will be a profitable option for investors. The Banaswadi area saw nearly 25% climb in residential rental values for the quarter ending September 2013.

The localities of North Bangalore have been experiencing higher enquiry from potential residents and despite maintaining a low profile in the past, Banaswadi is offering great investment opportunities for those who wish to gain from rental returns. This is majorly due to better connectivity and the set-up of IT cluster in and around the area. These factors are pushing investors to purchase real estate here.

At present, a flat covering an average of 800 square feet to 1000 square feet with all amenities can be rented for Rs. 18,000 to Rs. 25, 000 per month. Nearly six months ago, these flats were available for up to Rs. 15,000 per month. However, in spite of the appreciation in rental rates, rental homes here are still affordable in contrast to other locations of Northern Bangalore. Areas like Hebbal, Hennur and HBR Layout are offering rental property that starts from Rs. 25,000 a month.

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Author bio: A writer by profession, Devika Arora is dedicated to studying the current property trends and compiling facts for the benefit of potential investors and tenants. Her articles and other write-ups analyze the realm of properties and their prospects. The above piece of work discusses about rental property in Bangalore.

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Nirmal Anandh

CEO at RAAM IT Solutions
Hi, this is M Nirmal Anandh from the "Temple City", Madurai. I am the Founder of this blog.My profession is, as a CEO in RAAM IT Solutions. It's about E-Publishing, Data Conversion and Data Entry Projects. you can connect with me @, Google+, Facebook, and LinkedIn.
Nirmal Anandh
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Nirmal Anandh

Hi, this is <b><a href="https://www.classiblogger.com/about-me/">M Nirmal Anandh</a></b> from the "Temple City", Madurai. I am the Founder of this blog. My profession is, as a CEO in RAAM IT Solutions. It's about E-Publishing, Data Conversion and Data Entry Projects. you can connect with me @, <a href="https://plus.google.com/115033719560467658234?rel=author"><b>Google+</b></a>, <a href="https://www.facebook.com/classiblogger"><b>Facebook</b></a>, and <a href="https://www.linkedin.com/home?trk=hb_tab_home_top"><b>LinkedIn</b></a>.

22 thoughts on “The Robust Real Estate of Indian Silicon Valley Bangalore

  1. supertech micasa This popular native Spanish saying means my home is your home, and if you look for an English saying to match the sentiments then it will be “Feel yourself at home”. With similar intentions Supertech has launched the first of its luxury residential instalment in Bangalore.

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  3. S. Selvakumar, M.A.,M.B.A.,LL.M., is one of the leading Advocates in Bangalore and he has been rendering useful legal services to the public since 1984 by enlightening them about the intricacies involved in property transactions

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  5. IT City has remained untouched while other cities have been fluctuating in real estate sector.
    I am looking for properties in st. Inez.

  6. Bangalore is rapidly booming city of India as it is IT hub of India.
    Being an IT hub large group of people are residing here as a result property rates are booming. Banaswadi is a good place to live.
    I am finding professionals for joint ventures in patna.

  7. Bangalore is growing in terms of its assets as standard of living has also improved therefore it dram place to have a Luxury Villas In Bangalore .

  8. Thanks for the information you have provided. In present days, the demand for real estate properties has increased in Hyderabad and it is the best place for the investors to invest in real estate.
    Property Dealers in Hyderabad

  9. Thanks for the information you have provided. In present days, the demand for real estate properties has increased in Hyderabad and it is the best place for the investors to invest in real estate.
    Real Estate in Hyderabad

  10. Exceldwelings is one of the highly professionals based real estate company where you can find apartments for sale in sarjapur, and to buy residential plots, Green villas, Flats, houses for sale, Properties in sarjapur road Bangalore.

  11. Yes Bangalore is rapidly booming city with all the landscapes around, but what about the ground water. Need to implement rainwater harvesting.

  12. Bangalore is the most important city by the point of view of real estate business. In Bangalore apartment on sale and apartment on lease services were started before many years. You can imagine what stage of real-estate and their importance for Bangalore or Non-Bangalore peoples.

  13. Hello Nirmal!! Nice Post, Bengaluru is the IT capital of India, and a better option for real estate investments. Pune city is also a good option for property investments in India. Thanks to share wonderful post, keep sharing.

    Thanks
    Abhishek

  14. Hii,

    Thank you for sharing with us! I like your post very much ……
    It has been observed that mostly the corporate houses tie up with developers for their project. The corporate houses bring in the land for development and the developers bring in their experience in real estate development.
    Bangalore is in the list of top 5 global cities for future rental growth and it is also expected to grow to 16%.Also, 67% of the investments are flowing to Indian real estate market, which is highest among all the other countries. This clearly indicates the growing appetite of Indian commercial property market.

    Regards,
    Vikas

  15. silicon valley is a very beautiful place, the article is very informative thanks for sharing.

  16. Much obliged for the data you have given. In present days, the interest for land properties has expanded in Pune and it is the best spot for the speculators to put resources into the land.

    Property Dealers in Pune

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