Karnataka is headed for a Real Estate Boom. And it’s coming sooner than you think.
A recent study into the Indian real estate market has revealed that Karnataka is set for a massive boom in the sector as early as 2020. Conducted by CREDAI (Confederation of Real Estate Developers Association of India), the research reveals that the real estate sector has been witnessing steady growth over the past few years. The President of CREDAI has noted that there are a few areas across Bangalore that are considered to be the most affordable markets. Chief of among which are Sarjapur Road, Mysore Road and Whitefield.
So what has brought on the steady rise of the real estate market in Bengaluru and the rest of the country?
According to experts, the emergence of IT and various start-up businesses across numerous cities and states have played a major part. For example, over the past three months alone, a staggering Rs.46,000 crores of investment has been made into the stock market. This suggests that Bengaluru will surely receive a sizeable chunk.
Another factor that could really speed up the growth in the sector is the upcoming change in various Government policies. Initiatives have already been put in place to make the housing market more affordable. This includes the reduction of GST on housing and under-construction projects by a significant amount. While these changes have significantly impacted the real estate in a positive manner, there are other forthcoming changes that builders and real estate developers will await eagerly. One such change includes the reduction of GST on construction materials, namely steel and cement. This significant change can make the cost of construction of upcoming projects less expensive to real estate developers and builders.
What does this mean to the everyday consumer? That it’s the ideal time to start investing in apartments in Sarjapur Road and the surrounding areas, as we will discuss below.
Where are the best places in Bengaluru to buy or invest in property?
Recent studies and research seem to indicate that areas such as Sarjapur Road and Whitefield have become an extremely busy IT corridor. This has resulted in the demand for affordable and modern one, two and even 3BHK flats. As a result of its convenient placement, surveys have found that the aforementioned localities have emerged as one of the leading choices among buyers and investors.
The real estate market also needs to contend with the latest trends and demands in the sector. This includes senior living, Co-living among many others. Here we see that there is a whole new market to tap into, one which is set to grow over the coming years. Our suggestion? Investing in 1 or 2 BHK apartments near Sarjapur Road is the way to go.
Where Saiven Developers comes into play in the real estate market.
At Saiven Developers, we understand the aforementioned needs of the real estate market in Bangalore and already offer multiple solutions.
For example, we offer affordable smart homes in high rise apartments in the form of Saiven Siesta. On the other end of the scale, we present the Saiven Gardens by the Bay, the upcoming luxury high rise apartment complex. The common factor between these two properties is the fact that they are both located on Sarjapur Road, the upcoming hotspot of Bengaluru for years to come.
These are just a few of the several properties carefully crafted by Saiven Developers, so please get in touch with our team of real estate experts for more information. Just click on the following link to know more https://www.saivendevelopers.com, or you can Reach us on +91 8088 111 888