With beautiful sunrises and a buzzing nightlife, Bangalore has a lot more to offer than lush greenery and rapid tech development.
The real estate market in Bangalore is one of the most expensive in India with Premium Apartments in Bangalore ranging anywhere between 4-15 crores. Bangalore’s contribution to total luxury housing sales has doubled from the previous year’s 5% to 10% in H1 2022. The real estate market as a whole in Bangalore saw an upward graph in the post-pandemic world, accounting for over 40% of India’s FDI. A study from Anarock expects real estate will incur more non-resident investment, both in the short and long term. The city is expected to be the most favoured property investment destination for NRIs. This sales boom has encouraged top residential builders in Bangalore to launch new projects and add phases to their existing projects. Parallelly, resulting in a price rise across commercial and residential real estate.
The city is broken down into 6 parts, Central Bangalore AKA the heart of Bangalore city, South Bangalore also known as Old Bangalore reminisces the ’80s and ‘90s, while North, West, and East is home to tech giants, old lakes, and parks.
Investing in properties by top builders in Bangalore can avail of some good returns on investment(ROI). The average ROI for residential properties in Bangalore is around 15% and the current market price for residential properties is between Rs 4,500 – 35,000 per sq ft. However, prices vary depending on the locality.
The city offers a wide range of residential options for buyers, from luxury apartments to affordable homes developed by the best builders in Bangalore.
However, it is important to remember that the real estate market is highly volatile and prices can go up or down very quickly. It is important to do your homework before investing in any property.