Bangalore which is the capital of the state of Karnataka in India stands out as the most preferred destination for real estate investors and buyers of purchasing an apartment in the city of Bangalore. Government initiatives, policy changes, and many other factors are there that have made this city a highly attractive destination for real estate property buyers in the year 2022.
The year 2022 is expected to be the right time for investing in Bangalore residential properties. The reason behind this is that the city is booming with a plethora of opportunities and it is also committed to serving with good returns on investment (ROI).
In this article, we will let you know about is real estate a good investment in 2022, and why purchasing an apartment in Bangalore can serve you with great ROI. Now, let's get started!
What are the Initiatives of Government this Year
In the year 2021, the city of Banglaore has developed by leaps and bounds. Similar to last year, 2022 will witness a plethora of policy changes that are being made for assisting our real estate investors with even better infrastructure being promised to its citizens. Continue to read more about government initiatives that can assist you in purchasing an apartment in Bangalore.
The apartment market with the enhancing number of investors will skyrocket and reduce migration from tier 1 cities to tier 2 cities. Low supply with high demand refers to a rise in the prices of the property. Thus, if you are planning to invest in property then it is high time for you to purchase an apartment in the city of Bangalore. Gurgaon and Pune have already enhanced their prices because of high demand and lack of supply.
India is one of the favorite destinations for many investors. Government policies and initiatives have made it even more favorable in recent years. For instance, since 2017 all foreign citizens can possess property in India.
Now, they are not required to have relatives that are citizens or residents of India for doing so. This in turn has encouraged investors from throughout the world for establishing their sights on India as a place for investing with enhanced safety and security.
There are a massive array of reports that have stated that there will be a hike of 15-20% in residential rentals contrary to the 10-15% that was witnessed in 2022. While there are a plethora of investors who believe that commercial properties would serve them with more profits, these properties will also be available at higher price ranges. Due to these facts, apartment complexes are certainly worth investing in if you are looking for long-term growth and benefits.
In 2022, there is a massive range of large real estate developers who have bought land and who have initiated the construction of housing projects in diverse areas of Bangalore. Once these developments get completed, they will create hundreds or thousands of units.
While some apartment owners might opt for renting out their homes to tenants and cash in on higher rental income, others will opt for selling their residential or commercial property as the prices of homes or apartments are estimated to enhance rapidly over time because of demand outstripping supply.
As there is a wide range of real estate companies and affordable housing units that are launching new projects in the city of Bangalore, there has never been a better time for purchasing property than right now. New housing developments will get completed by the year 2022. It signifies that properties that are bought right now will be ready to live in within three years. If you are looking for investing your money easily and safely, then it is an extremely good idea to purchase land or property now.
The city of Bangalore which is already crowned the Silicon Valley of India is a booming city that has also added the title of Startup Capital to its Bouquet. The real estate scene of the city is buzzing with investment opportunities due to spectacular domestic and international connectivity, enhancing the presence of IT hubs, and smart infrastructure that assures high returns and stunning appreciation.
The fastest developing locality in the metropolis, North Bengaluru is emerging as one of the best alternatives for real estate development in Karnataka which is the capital city. Hubs such as the KIADB Aerospace SEZ and Manyata Embassy Business Park are situated here that attract a plethora of aerospace companies and MNCs.
The social infrastructure in the form of outstanding shopping centers, leisure centers, educational institutions, roadways & flyovers, upcoming metro rail developments, and proximity to the International airport have made North Bengaluru the creme destination of this metro.
North Bengaluru set against the picturesque Nandi Hills is witnessing a real estate boom as the real estate developers and home buyers alike seek out the benefits of modern living and the tranquility of its lush surroundings.
While the real estate developers are creating incredible properties such as modern apartments and charming row houses, what is taking the real estate market of North Bengaluru by storm is the concept of plotted development. These ready-to-build plots are conceived keeping the sustainability and environment in mind.
This in turn strikes the perfect balance between practicality and luxury for the discerning buyer. The involvement of relatively lesser investment and assured higher returns make these plotted developments a big draw for farsighted investors.
The visionary Manyata Group has been at the forefront of the development of Bengaluru by building the first privately built IT or SEZ and it is also facilitating the entry of Fortune 500 companies, particularly to North Bengaluru. Manyata has also changed the landscape of North Bengaluru from a quiet locality to one of the biggest IT hubs in India.
It is not a surprise that the prices of property here have been witnessing an appreciation of 200% in the last few years. Its vision of developing a residential township such as Earthsong in proximity to the airport as well as industrial hubs is committed to fulfill the enhancing demand for housing in the region, and the prices of the property will only grow at an exponential rate.
To sum up, Bengaluru is poised on the cusp of a growth explosion with world-class amenities, infrastructure, and the finest in sustainable residential townships coming up cheek by jowl with the burgeoning industry. So, it is the right time for you to invest and be part of this growth story!
Brigade Group Launching pre launch Apartment Brigade Valencia
Bengaluru, Karnataka
India
Bangalore