Over the past two years, Bengaluru has seen a rapid shift in the housing market. We see that there is a noticeable increase in the demand for housing, specifically budget apartments. Recent studies tell us that that housing sales have risen by over 80% in Q1 2019, when compared to the same period in 2017.
So here are just some of the reasons why more people are looking to buy affordable apartments in the current market.
There are currently a large number of 1 and 2 BHK home in the market. More and more developers are recognising the fact that younger buyers prefer compact homes. They are much more affordable and suit the demands of the working professionals and young families.
Another reason for the increased demand is the increased salaries or incomes of the millennial generation. People from this age group are earning much more when compared to past generations. This in conjunction with home loans, tax reduction and subsidies has made buying a home easier than before.
Several real estate developers in Bangalore have now recognised the demand for affordable housing. This has led to the construction of a number of budget apartment complexes all across the upcoming areas of Bangalore. This includes areas such as Sarjapur, Whitefield, Marathalli, Domlur among many others.
Since builders are now facing stiffer competition than ever before, budget apartment complexes are now available with a large number of convenient facilities. To make the properties stand out to buyers, budget apartments are equipped with convenient amenities such as supermarkets, gyms, swimming pools, medical shops and so much more.
With an increase in the number of IT and startup companies in Bangalore, it is only expected that there would be a surge in demand for affordable housing. The tremendous growth in job opportunities in the IT Hub has resulted in the migration of people from all over the country and even abroad.
There are just a few of the reasons why affordable apartments are popular in the current market. If you are on the lookout for affordable apartments in Sarjapur and the surrounding areas, look no further than Saiven Developers! With a wide range of modern and stylish budget apartments at reasonable prices, you are sure to find a home that suits your requirements. In addition to budget apartments, Saiven Developers also offers high end luxury villas in a community style arrangement. Whatever your requirements, get in touch with our friendly and professional staff today.