Is It A Good Time To Buy Real Estate In Bangalore

Birla Trimaya is a futuristic township project located in Devanahalli, North Bangalore. The project is developed by Birla Estates and is spread across an expansive 50 acres of land. The project offers 1, 2, & 3 BHK apartments and duplex units. The total number of units in this project is 2600, with 550 units in Phase 1. Each tower in Phase 1 has 25 floors. The project officially began on September 5, 2023. The price range of the apartments is between Rs 50 lakhs to Rs. 1.2 Cr.

Bangalore, also known as the Silicon Valley, is located in Karnataka, in the south part of India. The city is known for its tranquil localities that have housed over 67,000 companies from around the world. Many tourist sites have also attracted a huge population to visit it. It has not only housed big firms but also the best hospitals and educational institutions. These factors have made it one of the most demanded cities in India. People from many parts of the country have come to reside and invest here. But the most asked question is, is it a good time to buy real estate in Bangalore? The answer is yes; it's a good time to invest in the realty market of the city in 2024. Certain factors make it a good choice for living

connectivity
safe localities, and
projects by the top builders

Buying a property in Bangalore is worth it as:

Presence of major IT firms and MNCs - The city has housed the top companies of the world that have offered many jobs to the people. These companies have also boosted the city's economic conditions. A massive young population is living in the city and looking for places near these companies. Some of these firms are Microsoft, Wipro, TCS, etc.
Connectivity - Bangalore is the 1st tech city to have a metro line installed to improve the transit facilities. The Namma metro line in the entire city has made travelling easy for daily commuters. The presence of BMTC buses in all areas has reduced traffic rush and made traveling affordable. The road, rail, and air connectivity is also smooth.
Posh Areas - The city hosts top localities that offer security, have all the essential amenities, and have good connectivity. These areas are all also close to other IT hubs, making it easy for buyers to invest. Some of these areas are Whitefield, Devanahalli, E-City, etc.
Many housing options - Buyers can get a big range of housing options that meet their demands. Projects by top builders like Birla Estates are great investment options. Birla Trimaya, one of their best projects in the city, is an ideal choice for investing. The builders choose the most sought-after localities and offer villas, plots, and flats. Buyers can choose a unit as per their budget.

In 2023, more than 1 Lakh houses were sold off by the best builders and in the best strategic areas. Buyers and investors can also put up the units for rent or get high resale value. The real estate market of the city looks promising as the prices have gone up to 5-12%. In 2025, the rate of property will increase, giving buyers higher returns. In FY- 2024 and 2025, the demand for the properties will increase as many NRIs and OCI have started investing in the city.

The present rates of property in some of the best areas of the city are:

Key Highlights of the project:

Place	Average Price (Rs/sqft)	Rental Yield (%)
Devanahalli	7,250/sq. ft.	4%
Sarjapur	10.200/sq. ft.	3%
Whitefield	10,850/sq. ft.	2%
Hebbal	11,500/sq. ft.	3%
Brookfield	12,050/sq. ft.	1%
E-City	6,000/sq. ft.	5%
Indira Nagar	14,500/sq. ft.	3%