Bangalore has witnessed exponential growth as a world-class city in the last few years, to the extent that it has earned the name the “Silicon Valley of India”. The emergence of information technology (IT) has been a major contributor to it. Alongside technological advancement, the city has also recorded impressive development on several other fronts. These include luxurious establishments, IT parks, and transport and connectivity. Together, these aspects have helped lift Bangalore’s living index among top cities in India.
Coupled with the above reasons, Bangalore has become an ideal destination for investment in the real estate sector on several other grounds.
What Makes Bangalore the Top Investment Destination among Different Cities in India?
Top developers such as Pashmina Developers in Bangalore offer high-value residential projects to homebuyers for several reasons. These include the following:
1. Bangalore is the IT capital of India
These days, Bangalore has become the ultimate destination for qualified IT professionals who wish to work in multinational companies. This aspect attracts top talents from home as well as abroad. Speaking of top IT companies in Bangalore, they are in abundance in the city. Apart from well-established IT business firms, Bangalore also has a streamlined ecosystem for start-ups. Both these factors add up to ample job and business opportunities in the IT sector. This explains why Bangalore has earned the reputation of being the IT capital of India. The top-notch IT infrastructure of the city also makes an enormous contribution to the rapid growth of the city’s real estate sector.
2. Great RoI
Return on investment (RoI) plays a vital role in determining the value of a piece of property. When it comes to the RoI of properties in Bangalore, both residential and commercial, it is counted as one of the best among the first-tier cities in India. Whitefield, Hennur, and Narasapura exemplify the three top regions that offer high RoI to those who invest in the city’s real estate sector. These regions of the city are replete with deluxe apartments. They present Bangalore as the most suitable urban destination for the purchase and sale of properties in India. Thus, you’d be better off investing in a 1 or 2 BHK in Whitefield or other places in Bangalore with higher property value based on your needs.
3. Tax-related benefits
Working-class professionals look for loan facilities to buy homes in megacities. A tax deduction can either make or break the deal for such people. Bangalore is one of the top cities that offers impressive tax deductions on home loans. It simplifies matters for those who dream of having their dream home or a 3 BHK in Bangalore.
4. Steady progression in the real estate sector, powered by better career opportunities
The story of the boom in the real estate sector in Bangalore has been a reality for the last few years. However, it has been all the more impressive in the last five years. As a result, it has left the other top cities in India, such as Mumbai and NCR, far behind. At present, Bangalore is the byword for a multitude of opportunities for those who are career-oriented professionals. The availability of jobs and opportunities for financial growth has led to a proportional rise in the demand for accommodation in the city. Due to this reason, people who wish to settle in the city do not think twice or hesitate to invest in the city’s real estate sector.
5. The development of the metro at a rapid pace
Bangalore occupies one of the top spots on the list of financially sound cities in India. It is the fourth richest city in India. It has everything that you can expect in a top-tier city, ranging from a lavish lifestyle to exciting nightlife. The availability of pleasurable incentives is another cogent reason for which those who wish to invest in the real estate sector in India choose to do so with builders and developers in Bangalore.
6. Garden city
Did you know that Bangalore is also called the “Garden City of India”? The primary reason for it is the presence of many parks and gardens in the city. For the same reason, it was also once called a pensioner’s Paradise. Despite occupying one of the top spots on the list of populated urban agglomeration and the urban culture, Bangalore also has plenty of greenery. For nature lovers and those who are fond of greenery, there is no better option for accommodation than a 3 or 2 BHK in Bangalore.
7. Best educational facilities
As much modern Bangalore is in terms of its urban infrastructure, it also has a world class educational infrastructure. The city has ample schools and educational institutions to power the academic dreams and goals of students. Raman Research Institute, Indian Institute of Astrophysics, Indian Institute of Science, and National Institute of Mental Health and Neuro Sciences (NIMHANS) are some of the top institute in Bangalore. There are also other top institutes in the city for students of all streams.
8. Top Shopping Malls
Shopping malls contribute to the vibrant nature of Bangalore. The city may be famous for its gardens but it also has a long list of top shopping malls to meet the shopping requirements of shoppers. Orion Mall, Phoenix Market City, Mantri Square Mall, UB City, and Inorbit Mall are the top malls of the city. It also has a long list of other malls. Thus, Bangalore is a dream destination for those who are interested in shopping.
Final thoughts
To sum up, the above facts constitute the primary reasons for which most investors consider investing in the real estate sector in Bangalore these days. If you have been looking for a dream home in the best urban place in India with plenty of Greenery, Bangalore is the ideal option for you. Start exploring your possibilities depending on your budget as well as requirements.
Established in 2007, we are a young and dynamic company with signature projects in Mumbai, Bangalore and Pune. Finding your unique space with us is a matter of ‘when’ and not ‘if’. Your signature landmark is waiting for you at Pashmina.