Bangalore Builders Looking forward for Foreign Investors

Bangalore : The realty in India is not always on the crest, sometimes the investors and buyers should face tough times. Even though, some of the markets in India continue to remain highly active in the real estate market. From recent years, Bangalore city being a prominent IT/ITEs hub in South India has become investors friendly.

Bangalore - The Fastest growing market has witnessed many foreign investments till date due to its supported cosmopolitan social and physical infrastructure and high absorption rate of apartments and flats. The growing market has been working well for both domestic and foreign investors. The increasing number of companies and the proposed infra structure development creates demand for both commercial and residential real estate markets.

As the city attracts workforce from all over India and abroad, Bangalore builders look forward for foreign investors. In Bangalore there are around 300 ongoing residential projects. In addition, among top metro cities, Bangalore has affordable office spaces and rentals, according to property consultant firm JLL India. This attracts many investors to start their business which leads to proffer employment opportunities. Last month, e-commerce giant Flipkart signed on 3.25 million sq ft of office space on Outer Ring Road in Embassy Tech Village.

Here are the few realty trends in Bangalore city which attracts many foreign investors and which makes this Bangalore city as an ideal choice for realty investment.

Growth in IT/ITEs industry:

The Growth in IT/ITES industry leads to increase the number of jobs. On the other hand, it increases the rate of migrating people into the city mainly working class. Bangalore alone provides one Lakh job opportunities annually. This has a great impact on residential development in Bangalore city. The raising income levels, lifestyle, global exposure and education have raised the living standard of the city.

Compared to major cities of India, Bangalore has most affordable rentals for office space. This leads to the development of IT companies.

Proposed infrastructure development:

The government proposed infrastructure development, such as metro rail link across Bangalore corridors, Extension of four lane road to elevated highway, Improvement of road networks through Outer Ring Road, Infrastructure developments around Devanahalli, Doddabalapur road, Nelemangala – Tumkur, KR Puram to Hoskote and along Mysore Road has supported and changed the realty market of Bangalore.

Boost in Capital Values:

Bangalore city has noticed a constant demand even when the market is in improper shape. From past few decades, Bangalore city focusing on the mid level segment and offering housing at affordable costs. It witnessed maximum price appreciation about 41 percent in the mid level segment even in tough condition.

Micro markets like Whitefield, Electronic city and few areas in North Bangalore have seen a steady demand from mid level segment.

Bangalore is an end user driven market:

The Bangalore realty market has performed well than other cities in India like Delhi, Chennai and Mumbai.  The Bangalore realty market has primarily been an end user driven market. Unlike other metro cities, Bangalore has huge sales of ready to move apartment.

Not only in IT/ITES sector, Bangalore city is undergoing a development of other sectors as well, such as automobiles, textiles, biotechnology and many others.

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