Yes, you heard it right! According to the recent ANAROCK data (real estate company) and other surveys, it seems that the real estate market in the garden city is on an exciting rise. This trend seems to be unique to Bengaluru, since real estate opportunities don’t seem to be as exciting in the other metropolitan cities in the country.
So let us look at the scale at which the real estate market seems to be growing in the IT hub of India.
First and foremost, research has shown that housing sales in Bengaluru rose by 80% in the first quarter of 2019, when compared to the first quarter of 2017. Another interesting fact is that the unsold stock has also decreased by nearly 44%. This shows that there is a real growing demand for properties in Bengaluru, and the demographics of the buyers is interesting. An ANAROCK Customer Sentiment Survey has revealed that 31% of NRIs look at Bengaluruas their most preferred location for investment.
This leads us to our next question. What makes Bengaluru such an attractive investment option? A major part of this is the fact that there has been an unprecedented growth in the commercial sector of the city. Backed by a large number of successful start-ups and the major IT players, the disposable income of the professionals and entrepreneurs has increased significantly. Also, the decrease in the amount of unsold stock can be explained by the attractive sales and discounts offered by builders.
Since there seems to be a revival in the real estate scene in Bengaluru, the best course of action is to identify the right locations to invest in. There are a number of factors to keep in mind when looking to buy a property, location, price, connectivity and so on.
Based on the aforementioned factors, the one area that springs to mind is Sarjapur. It is an upcoming prime area in Bengaluru that has everything going for it. In terms of location, it is placed conveniently near most of the major IT companies in the city as well as the ORR (Outer Ring Road)and the NICE road. There are a number of leading developers selling excellent properties, chief among which are Saiven Developers. Offering everything from high-end villa complexes to budget apartments in Sarjapur, these developers can cater to all of your requirements. These modern constructions are equipped with all of the most convenient facilities to make life in the bustling city a little bit easier. Another upside to the Sarjapur area is the number of amenities available nearby. All of the bases here are covered. Practical requirements such as schools, hospitals and supermarkets are present alongside a bustling entertainment sector. Sarjapur is home to an exciting nightlife with plenty of pubs, restaurants and malls in the vicinity.
If you’re in the market to invest in property, we urge you to take a look at the properties offered by Saiven Developers. They cater to a wide range of requirements and might just have something for you.