Bangalore Real Estate Booming
The real estate market in Bangalore has been undergoing a transformation for the past few years. It has moved from being an unorganised industry to an organised one. For most of its existence, the industry raised funds from unorganised sources. However, in the past five years, the major players in the market have started tapping organised sources. These include foreign funds, which were previously not available to developers. Now, the government is taking steps to remove barriers to foreign investments.
One of the most important trends in the Bangalore real estate market is innovation-driven housing. It’s no longer enough to just have a swimming pool and a gym; people now want state-of-the-art amenities. They want barbeque spaces, skating rinks, libraries, game rooms, and more. One such innovative development is Leaves & Lives by Assetz Property, which is loaded with resources and amenities for people to enjoy.
Another factor contributing to the boom in the Bangalore real estate market is the influx of millennials. This new generation of workers is driving the demand for commercial space. This can be challenging for developers as massive commercial spaces demand large investments. However, this type of property can provide a solid return for investors.
In the first three months of 2018, the Bangalore real estate market posted a YoY growth of 34 percent. This increase comes as the Covid-19 pandemic is fading, giving the potential homebuyers confidence in the market. With the increasing demand, new launches and more constructions, the future looks bright for Bangalore’s real estate market.
The city’s economic performance has improved significantly in the past year. This is due in part to increased business confidence, which in turn leads to financial security and wealth accumulation. This also boosts the residential market, which is poised to experience unprecedented growth. According to Knight Frank, there have been 13,663 new residential units sold in the first quarter of 2022.
Why is Bangalore Real Estate Booming?
There are many benefits to living in Bangalore. For example, it offers a relaxing atmosphere and great surroundings. It can also serve as a stylish retirement home. Those with children will look for a safe, gated community. A reputed builder will provide round the clock security.
The real estate industry in Bengaluru is experiencing a transformation. Traditionally, it has been a largely unorganized market, but since the last five years, major players have been tapping organised sources to raise funds. In addition to this, the liberalisation of foreign direct investment norms has made foreign money more accessible to developers. This has helped boost Bengaluru’s real estate market, but it’s still a developing market.
One trend to watch out for in the real estate market in Bangalore is innovation-driven houses. No longer are people just looking for apartments with swimming pools and gyms – they are now also looking for apartments that offer barbeque spaces, game rooms, and libraries. One such innovative development is Leaves & Lives by Assetz Property. The apartments are packed with amenities and are able to accommodate the entire family.
Devanahalli is one of the hottest areas in Bangalore and is home to several top developers. The House of Hiranandani is one such developer that offers world-class properties with exceptional facilities. Its properties are well-planned, open and have good infrastructure. It also offers 15+ services to help buyers and sellers find the perfect property. It offers a huge database of more than 15 lakhs of listings.