Bangalore Micro Residential Market
Among the four metropolitan cities of India, Bangalore is considered to be the best place to live in terms of personal safety and standard of living. These conditions create safe peaceful environment conducive to effectiveness of law enforcement and internal stability. With multi cultural population, this southern IT hub is a true cosmopolitan city. The crowd here is sophisticated and convivial.
Latest census records of Karnataka reveal 47% increase in Bangalore’s population in the past few years due to prevailing job opportunities. Besides these, ongoing “Make in India" programme and “Smart City” concept have equally contributed in the steady socio-economic growth of the city. The entire city along with its suburbs is witnessing rapid infrastructural development thereby giving impetus to micro residential market throughout the region. There is tremendous increase in the demand for independent houses in Bangalore.
Mid Segment Residential Housing
The ongoing residential developments in Whitefield, Sarjapur Road, Devanahalli, ORR (Outer Ring Road) and North Bangalore are attracting masses across the county. Property buyers are easily getting cost effective row houses and villas at these immaculate locations. Some of the well planned townships here are Brigade Orchards and Prestige Lake Side Habitat. These lavish projects offer 1, 2, 2.5,3, 4 residential plot sets amidst greenery with smooth connectivity which make good home locations for expatriates who live and work here.
Micro markets of the Electronic city, ORR IT Corridor, Whitefield and few areas towards the North are offering sensibly priced housing to mid income segment which mainly consists of IT and ITES professionals.
Luxury Residential Houses
Besides these, on the offer are high end residential apartments and independent houses for sale in Bangalore to meet the requirement of high Net worth individuals (HNIs) in the Hi-tech city. These high end apartments are mostly centered on ORR submarkets, Whitefield, North Bangalore and Central & Secondary business district.
While Prestige Silver Oak, prestige White Meadows and Presidential Tower at Yeshwanthpur with state-of-the-art architecture, natural landscape gardens & parks, Kids play area, swimming pool, cafeteria, clubhouses, guest apartment, etc are dream homes to many home buyers.
Consistent investments in infrastructure and foreign direct investment are driving factors for rapid growth of the suburb market. Property buyers can select from vast unit sizes, top amenities and advanced facilities offered in projects.
Overall Market Scenario
These present excellent gated community with all basic and eminent facilities with access to medical and educational facilities in the micro market. If you are thinking to buy independent houses in Bangalore then look for these areas with magnificent build ups with easy payment plans. The realty market constituting housing, retail, commercials and hospitality sectors is expected to reach 180 billion dollars by 2020. Also, it is expected to incur Non Resident Indian (NRI) Investments as lots of NRIs are favoring property investment in this smart city. Therefore, the projects here make lifetime investment in the sub-market of Bengaluru.
