• Introduction to Real Estate growth in Bangalore
• Current situation of Real Estate in Bangalore 2022
• Why now would be the right time to invest in Bangalore
• Is it worth investing in apartments in Bangalore?
• North, South, East and West side of Bangalore
• Best areas to purchase residential areas currently
• Conclusion

Introduction to Real Estate growth in Bangalore 

Whether it be 1,2,3,4 BHK apartments, luxurious apartments, villas, Bangalore is your one stop for various kinds of housing needs. Bangalore (or) Bengaluru, which is known as the Silicon Valley of India quickly raised up within a span of 20 years by becoming a central hub for all the massive IT tech companies within India and all around the world. While increasing at such a rapid rate, Bangalore has had a rise in the “Real Estate” field and gave birth to many real estate companies along the way. Here’s why now is the ideal time to claim a piece of Bengaluru for yourself. 

Current situation of Real Estate in Bangalore 2022 

Since there has been a high loss rate in every sector after the pandemic, the Bangalore real estate market has remained stable. Even though the real estate came to a complete stop for a short period, there were various reasons for Bangalore’s speedy recovery in the real estate market. The main factor that played a role in the recovery as the reduction of amount in stamp duty (5% to 2% for properties up to ₹20 lakhs, 5% to 3% for properties for properties in the price range of ₹21 lakhs to ₹35 lakhs).  Residential property rents dropped by 10-15% in most of the districts in Bangalore.  

Why now would be the right time to invest in Bangalore 

The North, South, East and West are the main pillars of Bangalore. During this time, each of these zones have experienced tremendous infrastructural growth and development with a higher growth rate in the North and East sides. Both sides have flourished way more due to the proximity of Bangalore Airport and two big IT tech parks present in the region. Bangalore has an annual Compound Annual Growth Rate (CAGR) of 5-8% mostly on properties over a period of 10-15 years. In short, getting a plot/ house/ residential area in major cities is very expensive but due to the rise of pandemic and many of the major cities having an increase of the stamp duty charge and Bangalore being the only major city that has had a decrease in the duty charge is a very big boon and people who are looking for investing in properties shouldn’t miss out on this opportunity 

Is it worth investing in apartments in Bangalore? 

It is always considered a better option to buy an apartment than buying land or an independent house, as it is safer and present way more opportunities. Especially, at this market condition and in the year 2020, it proves to be beneficial for home buyers and investors when they purchase a cozy apartment in Bangalore 

North, South, East and West side of Bangalore 

Property values in the North region have had a big spike due to the connections between the Outer Ring Road (ORR), being closer to the Kempegowda International Airport and ease of access to the Central Business District. 

South Bangalore is an option available for those people who are looking to invest in an area that has a blend of the old and new emerging of Bangalore. This area is known for offering different perspectives in contrast to other parts of Bangalore 

East Bangalore is perfect for residential developments which is priced at ₹ 70-80 lakhs. Varthur and Budigere are the new neighborhoods that has piqued the interest of many potential investors. Residential properties and established IT enterprises are expected to provide a great return on the interest. 

The Tumkur Road NH-4, Yeshwantpur and Rajajinagar industrial area are parts of the West Bangalore market. This area has been known as the industrial hub which includes heavy industrial and warehouse activities. This area has a lower land value, which makes it a major starting point for long term investments. 

Best areas to purchase residential areas currently 

As of now, the best areas to purchase the properties are as follows (These areas are from different regions of North, South, East and West) 

• Whitefield
• Banashankari
• HSR Layout
• Electronic City
• Bellandur

Whitefield real estate market is expected to regain its most important label compared to other areas in the coming ten years. After the increase of pandemic, it resulted in Whitefield losing a lot, through which a lot of working IT employees left Bangalore or shifted to other cities/ towns which lead to a decrease in the amount of rent charged 

Banashankari is situated in the southern part of Bangalore. It is one of the oldest areas of Bangalore and is planned well and segregated into different stages and phases. It is divided into six stages with the sixth stage (Kanakpura Road-Vajrahalli) being the largest. Over the last few years, Banashankari has moved up as a solid residential real estate area due to factors like good connectivity, easy industry access, civic facilities and being the home of popular projects via which there has been a high demand for this area in the real estate market 

The price in HSR Layout indicates that the area offers healthy appreciation potential. Great social infrastructure, affordable accommodation prices and civic development are the major factors which push the growth of HSR Layout. It provides one of the best neighborhoods and offers excellent connectivity to many of the larger business hubs like the Electronic City  

Any person can easily afford to buy 2BHK houses for as little as ₹15-25 Lakhs in Electronic City. Electronic City is known for being the hub for various IT parks which makes it the ideal place for people working in the IT sector. Even after being the center for IT companies, it provides with excellent infrastructure for schools, hospitals etc. that provide a boost in the real estate market.  

The fact that Bellandur is added to this list is because it is close to Electronic City and Whitefield which makes it up to this list. Not just only it provides with great residential areas at a great price, but it also provides with top notch restaurants, food joints etc.  It also has HSR Layout covering the west which is also another plus point with great connectivity and an increase with higher job opportunities 

Conclusion 

At the end, while buying a property a few factors will come into play like the location preference, lifestyle and budget. Some of the important aspects which are to be considered while making investments is to understand that prices for apartments, plots and villas vary in a vast way but since there has been a decrease in the stamp rate, you can end up buying properties for affordable and better prices at the best locations which have a very high demand 

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