Why Is Bangalore The Top Destination For Real Estate Development In India?

Anyone living in Bangalore will always talk about how amazing the city is. And it is no secret that it is a highly favored real estate market as well. So what is it that makes Bangalore click so? Let’s take a look at some of the reasons that people love to put their money in Bangalore real estate.

• Work Opportunities

Bangalore is the IT hub of India. But moreover, it is the most favored location for companies to set up their head offices whether Indian or international. Bangalore has also seen a spike in the number of new age start-ups that have found their footing in the booming Bangalore market. Many young cosmopolitans are opting to relocate to Bangalore due to the varied job opportunities it offers.

• Favorable Climate

Bangalore is one of the best cities in India, climate-wise. With cold winters, sunny summers and beautiful monsoons, the climate here is pleasant all year round. After the sweltering heat of Mumbai and the extreme climate fluctuations of Delhi, the weather in Bangalore comes as a welcome change.

• Social Infrastructure

Bangalore boasts of a high standard of living. Social and professional lives have equal importance and the people of Bangalore are very fond of their recreational activity options. It is an extremely contemporary city and caters to people from all walks of life. So whether one wants to spend the weekend shopping till they empty their pockets or by soaking in some art and cultural entertainment, Bangalore has it all. With plenty of shopping malls, multiplexes, art galleries, performance art theatres and innumerable restaurants and eateries, every social need is fulfilled in this beautiful city.

• Varied Real Estate

Bangalore is not short of options when it comes to real estate. Whether you are looking for a luxury villa, a penthouse, a studio apartment or just a midsized 2 BHK flat, the variety in Bangalore real estate has something for everyone. With multiple construction companies in the city, innumerable projects sprout up every few months across price segments and cater to the needs of the diverse population of Bangalore.

• Civic Infrastructure

Bangalore has very well developed civic infrastructure to make the lives of every citizen much easier. With excellent roads, flyovers, metro lines and top notch public transport services, connectivity and accessibility are never a problem in the city. You can get from point A to point B without any hassles and worries. Along with this there is ample water and power supply that satisfies the need of the population.

• Steady Appreciation

Bangalore real estate has seen a steady growth in prices over the last couple of years. The return on investment is also high which makes it a favorable market for those wishing to purchase a home. And with the booming real estate market, the demand for properties in Bangalore is rising like never before which ensures the profitability of a purchase.

All in all, it seems like Bangalore deserves to be rank 1 when it comes to real estate. With all these favorable conditions packed together, it’s no wonder that so many people want to set up camp here.



This is a guest post by Naresh who is working with CommonFloor as content writer.

Top 5 Reasons That Makes Bangalore an Ultimate Expat-Friendly Destination

Asia’s Quality of Life Index for the year 2015 is out that ranks different cities in the continent on the basis of factors like Purchasing Power Index, Safety Index, Property Price to Income Ratio and Pollution Index, to list a few. The surprising data reflects one of the most high-profile and cosmopolitan cities of India, Bangalore bagging a respectable position in top 15.

Industrialization and flourishing economy are also two most important factors that have placed the city at such a top rank and ahead of fierce competitors like Delhi, Kolkata and Mumbai. Bangalore has gained much popularity among the expat population and thereby the migration rate with respect to the city increases by every quarter of a given area. There must be something really special about Bangalore that not only makes it stand apart but also a favorite among the expatriates as well.

Here are some of the shining reasons that may compel the people who haven’t tried Bangalore, to actually go and experience the city:

• Mecca of Industries & Business Hubs

Entrepreneurs believe Bangalore lures them with its unique features, such as a unique culture of mentorship and networking that permeates the city. This very revolution has not only upgraded the brand value of the city but has also created the much-needed ripples in the employment market here. Businessmen are taking interest in the economy and business hubs here. New companies and startups are being established here, which in turn generates employment and accounts for a better standard of living here. Moreover, the city experiences a very high density of investment into different industries like Aviation, IT and manufacturing, which has boosted the quotient of the city to a next level.

• The Colorful Housing Market

The city is the major IT and manufacturer’s hub; therefore, the city attracts workforce from all over India as well as abroad thus leading to massive housing needs. The realtors understand the fact and realize the worth of the expatriate population relocating to the city. The real estate segment of Bangalore catering to the mid-income group has huge number of construction projects owing to the presence of mid-level IT workforce in the city. However, as the city also pulls in a group of larger global corporations thus the need for the HIG housing is also on the rise significantly. The wide range of property options in Whitefield exemplifies luxury as well as affordability in a nutshell.

• Booming Infrastructure 

Bangalore is a metropolis and has almost everything within, which place it ahead of all the strong counterparts, such as Mumbai or Delhi. The city has wide smooth roads, better commercial areas, well-laid institutional areas and much more. An expat with family can have an easy life here as accessibility to the entities of comfort is easier and manageable as well. Apart from this, the real estate market here in Bangalore is also steadily making Bangalore a beautiful place to watch out for. There is now a hopeful horizon for metro rail, better infrastructure projects and much more to come.

• The Lifestyle

There is no doubt about the fact that Bangalore has a lifestyle to rave about. Owing to a large expatriate population, Bangalore’s populace is more than 50% young and dynamic. This is one of the most important factors that make the lifestyle here, kaleidoscopic and funky at the same time. The market areas and the commercial zones are plush and quiet down to earth at the same time. There are market areas that will be swanky and in some parts there will be bazaars that are crowded and flocked with sale and cheap products. Bangalore is now defined by cleanliness, affordability and a populace that mimics the western culture followed within a boundary, in a safe way.

• The Intangible Aspects

The intangible aspects here refer to the facts that caught the minds of people all over the country and even abroad. The hip crowd, moderate climate and an amazing lifestyle are some of the factors that accounts for a better life for both natives and newbies in the city. People who face health issues owing to climatic conditions can live at ease, modernity blended with the right education and a manageable cost of living are some of the sweet facts that has not only surged the brand quotient of the city but has also contributed towards foreign interests in both business and lifestyle improvement arenas.

Go Bangalore!

Bangalore is a city that gives a totally different perspective for the life. Be it the bus stops, airports, the Indian Institute of Management or the markets; everything about this city is just amazing and extremely expat friendly. Once into this city, an individual will never fall short of places that will ooze out the rich south Indian culture or modern lifestyle to the maximum.

This is a guest post by Vineeta Tiwari who is a keen writer on Global Economy and Realty market. She has written articles on Global realty market and ongoing trends and tips for investors. An ardent reader, she is happy to pen down research based write-ups for global audience. Currently, she is professionally associated with popular realty portal, 99acres.com

An overview of Bangalore residential real estate market

Author: Sachin Gupta | Find me on Twitter Follow @sach_gupta

When one thinks of Bangalore, the first picture that comes to mind is beautiful weather and the hub of information technology companies. Since past few decades, among all cities in India, Bangalore has grown the fastest. The driving industry in Bangalore is IT and ITES and this has had a positive impact on the supporting industries as well.  The revenues from IT-BPO sector has grown substantially over the last 5 years which has resulted in increased job opportunities for engineering talent from across the country.

India’s technology and BPM sector (including hardware) is estimated to have generated USD108 billion in revenue during FY13 compared to USD100.9 billion in FY12, implying a growth rate of 7.4 per cent. The IT-BPM sector in India is estimated to expand at a CAGR of 9.5 per cent to USD300 billion by 2020. The sector increased at a CAGR of 25 per cent over 2000–13. This whole economic activity generates employment opportunities and at the same time enables growth opportunities for other industries.

Real Estate in Bangalore has grown on account of job creation by IT/ITES industry. Multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure has presented real estate developers with the opportunity to develop quality real estate projects, particularly in the residential space.

Number of ongoing projects in respective regions

Approximately 672 residential projects till 2013 (high-end, mid segment, and affordable segment) are under various stages of construction in Bangalore. 

• Here is a snapshot:

South Bangalore (Banashankari, Electronic City, Hosur Road, Gottigere, Chanda Pur, Bannerghatta Road, JP Nagar, Koramangala, Vijayanagar, BTM Layout, Kudlu Gate, Jayanagar, Bommanahalli, ChandaPura, Attibele, Kanakapura Road, Begur Road, Anekal, AnjanaPura, Ananth Nagar) – 168 residential projects out of which approximately 26 projects offer villas/row houses.

East Bangalore (Haralur, Sarjapur Road, Horamavu, Whitefield, HSR Layout, Sarjapur, Hoodi, Hosa Road, ITPL, CV Raman Nagar, Nagavara, Haralur Road, Banasvadi, Marathahalli, Mahadevapura, Old Airport Road, Indira Nagar, Bellandur, Brooke Field, Basava Nagar, Amrutahalli, Varthur, Outer Ring Rd, Old Madras Road, Ramamurthi Nagar, Kadugodi, Panathur Village, Doddanakkundi, TC Palya) – 255 residential project under various stages of construction out of which 55 are villas/ row houses project.

North Bangalore (Devanahalli, Doddaballapur Road, Yeshwanthpur, Malleswaram, Hebbal, Hebbal Flyover, Jakkur, Jalahalli, KR Puram, RT Nagar, Yelahanka, Airport Road, Bellary Road, HBR Layout, Hennur, Hennur Road, Rajaji Nagar, Sahakar Nagar, RMV Extension, Thanisandra, Tumkur Road, Vidyaranyapura) – 149 residential real estate projects under various stages of construction out of which 31 are villas / row houses project.

West Bangalore (Mysore Road, Rajarajeshwari Nagar, Kengeri, Sanjay Nagar, Magadi Road, Uttarahalli, Nagarbhavi) – 24 residential real estate projects under various stages of construction out of which 3 are villas / row houses project.

Other areas including Bangalore central – 76 residential real estate projects under various stages of construction out of which 19 are villas / row houses project.

Total number of apartments in each respective region till 2013

1.87 Lacs of housing units including the high-end, mid segment, and affordable segment are in the process of construction.

Types of apartments

Out of the total of 672 residential projects under various stages of construction, the proportion of projects offering 1BHK, 2BHK, 3BHK housing units are given below in a detailed graph. The graph signifies that more than 70% of all projects offer 2BHK, 3BHK housing units with about 10% of projects offering 1BHK, 5BHK units.

Housing Prices trend

Prices in Bangalore central have been stable over the last few quarters. However, in micro markets such as Madivala, Banaswadi , Jagjeevan Ram Nagar, Yeswanthapura, Mathikhere, BTM Layout, Sultanpalya, Lingarajpura, BCC Layout prices have fallen in last 2 quarters.

Recently launched projects

Following residential projects have been launched in the Oct-dec 2013 quarter.

Skylark Ithaca (Phase-I), SJR Blue Waters, Patel Smondo 4.0, Brigade Cosmopolis, Shriram Chirping Woods, Monarch Aqua, Sumadhura Silver Ripples, Prabhavati Daffodils, Goyal Orchid Woods, Nitesh British Columbia, Golden Panorama, Prestige Ivy Terraces, Adarsh Premia, Purva Skydale, Century Ethos, Ajmera Stonepark, Sterling Ascentia, Prestige Jade Pavillion, Mahaveer Amaze, Bren Paddington, Saroj Symphony, Concorde Epitome, Purvankara Purva Sunflower, Concorde Tech Turf, Mahaveer Oleander, Atlantis Liberty Square, Salarpuria Clarinet, Arge Helios, Zonasha Vista, Pranjape Wind Fields, Samruddhi North Square, Concorde Wind Rush, Shriram Chirping Woods, Radiant Elitaire, Salarpuria Aspire, Living Walls Another Sky, Pushpam Woods, JR Nexus, Eternity Ecstasy, Sarvana Esplanade, Vineyard Chrystolite, Nakshatra Celestia, Surya Shakti 80 Trees, Sipani Classic, Radiant Silver Oak, Chaitanya Sharan.

Data Source: In-house data collection, and National Housing Bank for price trends

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