36 percent of home buyers prefer 3 BHK Apartments in Bangalore

Bangalore : A recent study revealed that almost 36 percent of the home buyers prefer 3 BHK apartments in Bangalore. These are one of the primary targets of the mid segment IT professionals. One reason for this could be people in Bangalore will look for a balance between luxury and affordability with all other amenities. Bangalore real estate market is showing an uptrend in terms of property investment. This fabulous growth in housing is mainly driven by IT/ITES professionals, migrants, engineering companies and investors based in the city.

A large number of individuals migrating to the city were also the reason for the rise in demand of 3 BHK apartments in Bangalore. Most of the home buyers in Bangalore are professionals aged between 26-29 years old. Majority of them are first time home buyers, mostly they will prefer 3 BHK apartments over 1 BHK apartments in Bangalore. This is happening, because 3 BHK apartment is more comfortable and it also capable to offer greater privacy when compared to 1 BHK and 2 BHK apartments. This is one of the reasons why people will tilt towards living in 3 BHK apartments.

These first time home buyers have potential money to buy 3 BHK apartments. They do not mind to spend a few more bucks to settle down in a comfortable place with their families. Thus the affordability and readiness push the demand of 3 BHK apartments in Bangalore whereas 1 BHK apartments are preferred by singles and students.

The residential development is mostly seen in South Bangalore, which includes a large section of middle class population of Bangalore. Currently, North Bangalore is also witnessing more development towards and offering 3 BHK apartments. According to the survey, during the Jan-Mar 2014 quarter the 3 BHK apartments persisted the most sought after category just after 2 BHK apartments. Although, the supply demand exceeds s, the 3 BHK apartments remain the same.

Some of the top localities which promises maximum returns on 3 BHK units of Bangalore are Sarjapur Road, Electronic city, kanakapura Road, Bannerghatta Road, and Whitefield. These areas are well equipped with abundant physical infrastructure and residential developments.