Bangalore is a prominent tech hub of India that is located in Karnataka, South India. The city is famous for its pleasant weather and thriving tech industry that has given Lakhs of jobs to people. It is home to more than 67,000 companies from in and around the world. The presence of tech parks and MNCs has attracted a big population to settle in the city. The city's excellent connectivity, good civic amenities, and research centers are also key factors in attracting people. This rising population seeks places to live and invest. Bangalore's real estate market is booming and giving higher returns.
The city's map presents the top residential and commercial localities that are an ideal option for investment. These areas boast strong connectivity to roads and rail and have BMTC buses available 24/7. These areas are:
Some of the other factors are also the prime reasons for the boom of the real estate market. The best builders, like Birla estates in the plush localities, build the city's developing infrastructure. The city's Namma metro connectivity has made it easy for professionals and other commuters to travel fast and save money effectively.
As the city's 10 million population is looking for places to live and investment, it is also asked, is living in Bangalore costly? Yes, living in the city is expensive for a family. The avg cost of living ranges from 60k-70 avg. The different properties are available at different rates.
The key factors why Bangalore's real estate is booming are:
As per the reports, the rates of property stocks till 2023 will rise upto 330-340 million square feet. It is safe to invest in present times to get higher returns.
Yes, it is a right to buy a flat in Bangalore in 2024 as the city's infrastructure is developing rapidly. The large population looks for houses for rent and future investment.
Many surveys and reports show that in the coming year, the real estate market will rise upto 10%. By 2025, it is expected to reach $150 billion.
Birla Group pre launch new project is Birla Trimaya
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