Bangalore: Affordable Option for First Time Home Buyers

Bangalore : Now a day, the Bangalore city is growing towards its extremities. The residential development is spreading all around the silicon city because of working population, establishment of many multinational companies and reasonable pricing in outskirts. Most of the residential builders launched their projects in and around Bangalore city to grab the profits. Due to the establishment of IT companies the demand is increasing day by day from Bangalore city. The property rates are high flying and the competition among the builders is increasing.

The prospective first time home buyers are facing many challenges such as how to choose best location for investment? Financial stability and many. The Home prices and affordability will vary from one market to another the buyers should decide where they want to investment for first home and what they can afford comfortably.

Why Bangalore became as an affordable option for first time home buyers?

If you are an IT professional this is the suitable place for you. Many people complain that the there is a raise in the realty prices of Bangalore. But if a house holds earning is in between Rs 7 Lakh to Rs 30 Lakh a year then the better option will be Bangalore city. Before quiet often we have done the discussion among the Mumbai city and Delhi but now a day, Bangalore is a relative new player of India. From few years, Most of the youngsters are starting their new companies so the ecosystem is turning as entrepreneurs this is the well known growth of the IT companies, engineering services, Automotives etc…

Bangalore is the third largest city in India and also fifth largest metropolitan city as well. Bangalore is well known for its pleasant climate and preferred entrepreneurial locations. It is not just that the IT industry picked Bangalore city in top. The demand for housing is picked up through the integrated manufacturing & production networks, development, physical infrastructure growth, Employment generation facility, Demand, High returns for investment and connectivity. These belts lure many first time home buyers.

Bangalore is offering homes of low range to high range, the unit range of Affordable homes in outskirts are like 2 BHK unit worth from Rs 25 Lakhs to Rs 40 Lakhs, 3 BHK unit worth from Rs 45 Lakhs to 54 Lakhs. The prices may vary from the prime locations like Electronic city, Marathalli outer ring road, Sarjapur Road, White field, Hebbal, Indira nagar, Magadi Road, HSR Layout and Tumkur Road.

A mid segment home buyer no need to go for peripheral locations of the city for investment, there is many options to find a home in good emerging locations of Bangalore city. Many people believe that the Bangalore city has avoided approximate buying in recent years.