Bangalore has always been considered a correct destination for real-estate investors since the IT industry started emerging in this region of the country. So, what was the key factor which led to a slump in the nearby past? Well, the only answer to the slump is the government rules which have entered this sector. The rules like RERA (Real Estate Regulation Act) and GST (Goods Service Tax) have obviously put the brakes on the sales of apartments, new launches and resale. In short, this has helped in flushing out black-money, made the Market clean of all types of unaccounted transaction to some level. For example, the apartments at Prestige Song of the South has faced a downfall after the introduction of the government regulations.
In the beginning, Bangalore’s real Estate Market has completely been stable as compared to other major cities like Delhi, Mumbai, Ahmadabad, etc. This is all due to many users. In terms of the coverage area, a home-buyer can choose from, a whole range of luxurious homes for high net worth individuals (HNIs) to reasonable homes. Reasonable housing units, especially, have been observed an increase in demand and consumption.
Bangalore’s real estate market has always been assumed more reliable when compared to other markets panning across India. This factor helped the market to spring back on its feet after the slowdown that it faced in the 2017’s quarters barring the last quarter.
Another factor which has helped buyers to invest in this sector is the introduction of metro routes to several corners of Bangalore. This has led to an improvement in the property value of surrounding regions. Given traffic congestions in the city, people are expected to invest in homes which are closer to Metro stations to make commuting to work even easier. Prestige Song of the South will get metro accessibility conveniently with the launch of the metro in Gottigere, Bannerghatta Road South Bangalore. This will highly benefit the citizens of these regions.
Prestige Apartments in Bannerghatta are fantastic projects to invest in because of their proven track record and on-time delivery schedule. A home-buyer will not regret his/her decision when he/she invests in this IT-belt of this smart city. Consider an example, Prestige Song of the South Begur road is an upcoming locality looking at the neighborhood and its connectivity to many prime locations of Bangalore city.
Bangalore’s real estate industry will always stay a secure bet in terms of investment as said during the period of multiple changes in the last year. So, what are you thinking? Bangalore’s real estate market has become stronger and recovered well.
This post first appeared on Is The Real Estate Market Still Volatile For Investment?, please read the originial post: here