Bangalore coming up as a suitable location for Real Estate Investment The real estate industry in India is going through the phase of transformation. During 2013, the real estate market remained constant in major Indian cities. In Bangalore, the real estate market remained stagnant as compared to its adjoining cities. It is expected that the real estate market will gain its momentum in 2014. Growth of Bangalore as a real estate market Bangalore is a suitable location for real estate investment. In last few years, the real estate industry in Bangalore has witnessed a huge growth because of these reasons improved infrastructure, better civic facilities, better road developments and better rail networks. Because of better connectivity and infrastructure real estate sector is going to increase its border to the areas out of city. Due to improving economic conditions, the populous mid-income earning families are going to invest in real estate sector. As a result of FDI many outside investor entering the real estate market of India. Regions in Bangalore foreseeing growth The Bangalore city is witnessing huge development activities in all four directions of city. East Bangalore is emerging as the popular among real estate developers due to better road connectivity. Whitefield, Marathahalli, Kundalahalli, K R Puram, Kasturi Nagar, ITPL and Mahadevpura are some of the favorite residential locations of city. West Bangalore is also witnessing huge developments in form of construction of commercial and retail complexes and high-end residential projects. Some favorite locations of West Bangalore are Yeshwantpur, Malleswaram, Rajajinagar, Matthikere and Vijayanagar. North Bangalore has been a popular residential destination both for end-users and investors. Developmental activities in North Bangalore have been phenomenal. This area provides easy connectivity to major areas in the city which is one of the main reasons of increasing the demand in areas like Hebbal, Yelahanka, Ramamurthy Nagar, RT Nagar, Banaswadi, Hormavu and Sahakar Nagar. South Bangalore is emerging to be a popular location of real estate development. The entry of MNCs in this area has increased the development activities in this area. HSR Layout, Sarjapur Road, Electronic City, Bannerghatta Road, JP Nagar, BTM Layout, and Uttarahalli are some favourite locations of real estate development in South Bangalore.
Posted on: Wed, 26 Mar 2014 11:37:27 +0000
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