In Bangalore, the Residential real Estate Market has managed to enjoy steady growth compared to other metropolitan cities. Bangalore is India’s most preferred city to live in because of many elements. One of the most vital factors driving the growth of the residential real Estate market is the expansion of manufacturing hubs and IT parks. Today, 6 out of 9 ‘Namma Metro’ Lines are operating across various parts of the city and have increased the demand for real estate. Moreover, the demand for villas, bungalows and apartments in sarjapur road is rapidly increasing among NRIs as well the residents of the city and the nation.
Bangalore is one of India’s renowned cities for quality education and employment opportunities in the IT industry. This has led to a steady demand for commercial and residential constructions across the city. The city is experiencing a lot of foreign investments, infrastructure projects and the increasing number of builders offering high-quality constructions with ultra-modern facilities. According to sources, Bangalore is witnessing a consistent 13% average annual price appreciation rate since 4 years. The population of the city is anticipated to grow from 9.6 million to 14 million by 2021. There are 2,840 IT/ITES companies, including 100+ Fortune 500 companies. The city has 31+ industrial hubs, including PSUs, IT/ITES, engineering, Textile and Biotechnology.
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