Benefits of Buying an Apartment in Bangalore
Also, known as the ‘Silicon Valley of India’ Bangalore is one of the overtly developed cities of India with an infrastructure that can match even the swankiest towns in the world. With the increase in foreign investments from many multinational companies, the real estate market in Bangalore has been growing at a rapid pace since a decade now.
For homebuyers as well as property investors, there are plenty of houses for sale in Bangalore where they can invest to gain periodic returns or enjoy a luxurious lifestyle. For example, at DLF Woodland Heights in Jigani, you can purchase luxurious apartments of your choice and get access to a range of world-class amenities.
Let’s take a closer look at the benefits of buying a house in Bangalore:
Robust Infrastructure and smooth connectivity
Bangalore is said to possess one of the best infrastructures among the Indian cities. There are various upcoming infrastructure projects which has fueled the real estate growth in Bangalore, such as the Bangalore Metro Rail, which will cover around 33 kms over the North-south and East- West corridor.
Also, to ensure fast and easy connectivity from City Centre to the Kempegowda International Airport, a Hi-speed Airport link of around 34 kms is in development, which will enable passengers to reach the Airport in around 25 minutes from different parts of the city.
Abundant employment opportunities
Bangalore is also known as the IT capital of India as it has headquarters of some of the topmost IT companies across the country. Apart from the IT sector, there are abundant employment opportunities in other industries like manufacturing, biotechnology, real estate, and food processing etc.
An increasing influx of people migrating into the city in search of better job opportunities has led to a huge demand for residential apartments in Bangalore. As a result, the real estate investors looking to invest in Bangalore stand a chance to gain very good returns on their property investments in future.
No dearth of choices
Bangalore has got plenty of choices for homebuyers or investors of different types. The city is brimming with residential apartments and houses across affordable, mid-range, and luxurious segments. The variety of options available to the property investors is the reason enough to make Bangalore as one of the real estate hotspots in India.
You can purchase a 1 BHK flat in Bangalore by spending as low as Rs. 25 lakh in the peripheral areas of South Bangalore, Chandapura, Kengeri etc. However, be sure to do adequate research about the area and look at its connectivity with other parts of the city before making the final purchase.
Steady price appreciation
With the developing social and physical infrastructure and increasing demands for housing properties, the real estate in Bangalore have been witnessing good price appreciation from quite some time now. It means that if you’re thinking of generating a good rental income in future, investing in residential apartments in Bangalore can be a great choice.
It’s a known fact that Bangalore is home to a large number of foreign nationals as well as Indians with a global mindset. Hence, real estate developers in the city are inclined to cater to these global consumers and build houses with top-class modern amenities. You can find facilities like gymnasium, club house, swimming pool, theatre-rooms, landscapes etc. at every reputed housing complex in Bangalore.
Low cost of living
In a worldwide survey conducted by the Economist Intelligence Unit, Bangalore was found to the cheapest city in Asia in terms of cost of livelihood. This means that no matter how much money you earn, whatever criteria you have to fulfil, or how many family members are dependent on you, you can always lead a satisfactory lifestyle in Bangalore a find a house that fulfills your requirements.
All these factors together make Bangalore one of the most liveable cities of India and hence, a prudent choice for real estate investments. In case you need any financial help to purchase your house, you can avail home loans by Bajaj Finserv Homes & Loans to meet all your financing needs and gift a wonderful future to yourself and your family members.