Bangalore Real Estate: New Investment Plans for NRIs
Feb28

Bangalore Real Estate: New Investment Plans for NRIs

Non-Resident Indians (NRIs) have been attracted to the Indian real estate for many years now. Mainly because the Realty prices in the country are much more affordable as compared to other places on the globe. Furthermore, to propagate Foreign Direct Investment (FDI) the Indian government has launched many attractive schemes to attract NRIs to the Real Estate market. Subsequently, the Realty industry has never failed to attract the attention of the NRIs. Even the Reserve Bank of India (RBI) has given special permission to NRIs holding an Indian passport to invest in the residential and commercial properties in India. This has opened a new avenue and hope for the Indian real estate. It is only fair to say that the NRI contribution has boomed the Indian real estate sector in multi-folds within a short time span. What is Making Bangalore a Lucrative Deal for NRIs? Immovable properties except farmlands or plantation estates are available to NRIs for purchase. An NRI can acquire any such property by gift from an Indian resident, even if the owner of the land resides outside India. An NRI can also obtain a property by the virtue of inheritance. The NRI can even transfer his property to any person living abroad, residing in India, or is a person of Indian origin. These are just a few investments options that an NRI can make when purchasing a good property deal in the Bangalore Real Estate. With the value of rupee is depreciating globally, and the return on the real estate investment is huge, today more and more NRIs are grabbing a large chunk of Indian Realty sector. Moreover, with lenient rules and regulation from RBI on real estate investment by the NRIs, it has opened new and green pastures for NRIs to dig in. The government is also taking steps to ensure better handling of property deals and investment growth activities via their promotional investment council for the NRIs to put their money safely in this sector. Aggressive growth of Bangalore Real Estate due to NRIs NRIs have taken a great interest in Bangalore’s Realty sector. The “Garden City” has always been an eco-friendly and Smart City for real estate investment, however with the escalating interest of NRIs in these past few years, it has gone up to a different level. The residential sector has been booming with unique plans and designs which have been aggressively accepted by the NRIs. The need for open, green spaces, lavish living quarters and opulent lifestyle has enhanced the interests of NRIs in Bangalore. No wonder the premium residential projects have many NRI buyers. The speed at which these premium...

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Bangalore Real Estate Price Trends Analysis
Jan26

Bangalore Real Estate Price Trends Analysis

Bangalore being one of the most important cities of the entire country has witnessed massive growth in terms of Bangalore real estate over the years. This doesn’t just mean in the IT sector. The growth has been exponential in all infrastructural sectors which include the civic and social. The civic infrastructure has seen growth with the high population which Bangalore currently holds. It has given the children varied aspects of life and as a whole the city has done a marvelous job at preserving the future of the young minds. You will find that the city holds true to its values and norms and has provided children with the shared community vision. The society as a whole thinks of them as a family. This leads to everyone making contributions and taking a step to ensure a better future. This is one of the most fundamental facts when it comes to civic infrastructure. When it comes to social infrastructure Bangalore has also taken large steps to securing the care and importance which this sector provides. It has given its all in the medical sector with hospitals and dispensaries being opened in a variety of areas. With many other types of social infrastructure being opened in parts of the city the economical stability of the city has also gone up. This has resulted in better social environment. Also with the rise of the IT sector in Bangalore over the recent years, it has been witness to a large upward movement in terms of economy. This doesn’t mean that commercial office spaces have been abandoned. They are also there and are rising in numbers. Bangalore as a whole has taken the real estate to a whole new level with careful town planning and expert guidance regarding real estate. Analysis of Bangalore real estate in 2014 The Bangalore real estate market saw significant growth during the July- September 2014 period. It resulted in a huge growth and that gave opportunities to real estate agents and people to look for new properties. This was the case in all sectors except for the North as the North saw a marginal dip in the period except for Vidyaranyapura which turned out as the highest gainer within the sector during that period. However all other sectors saw increase in the real estate market. The south Bangalore region showed a hike of 9 percent and the popular real estate stars were the HSR Layout and the BTM Layout. The price appreciations witnessed were more than 30 percent. The west region came to a close second place with the hike of 24 percent due to the Rajaji Nagar project...

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Best Time to Buy a Property in Bangalore
Jan15

Best Time to Buy a Property in Bangalore

Bangalore has been one of the fastest developing cities in India, with its infrastructural development being over the charts. It has become of the leading infrastructural cities in the country with every sector, civic and social taking a huge leap. With new company launches and new residents the city is seeing new heights as the government brings out new plans to advance the infrastructure of the city. The government has recently taken up an initiative to ensure that the civic and social infrastructure stays in the best possible way. They have decided to invest Rs. 3,577 crores to ensure that there is betterment in terms to travel. This includes repairing damaged roads and bridges, and building new roads to connect different areas in the city. The state government has also inaugurated the Metro thus offering an enhanced and smooth connectivity across the city. Furthermore, the government has taken an initiative to build the Information Technology sector at a colossal scale. This will ensure good employment opportunities and a boost in the social infrastructure. With newer residential and commercial spaces rapidly emerging, it’s safe to say that Bangalore will be even busier in the coming days. Subsequently, Bangalore will rise to the occasion and will be counted amongst top cities on the globe. Property trends of Bangalore In the last decade, Property in Bangalore has seen its fair share of Realty sector booming. It has been on a steady growth path, each year. And once again it has not let it itself go down. With huge increase in infrastructural value all throughout the Bangalore which includes the north, east, west as well the south sector Bangalore is one of the leading cities when it comes to real estate. It was during the months of July and to September in 2014 than Bangalore saw the highest prices when it came to real estate. It has flourishing projects which pulled up the prices regarding real estate in the south, east as well as west. North however suffered a setback as it fell slightly due to the metro project bringing the real estate value much higher in the other sectors. Projects like HSR layout and the BTM layout in the south Bangalore regions made the prices peak up almost 9%. The overall increase for the southern sector was 30%. This was also the case for the eastern region of Bangalore. The development of Old airport road and ram Nagar road also made the eastern regions prices peak up. Not significantly but it did peak up. The western region also had a good amount of improvement closing in on the southern region with a...

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Connectivity Opening Up Bangalore Suburbs for Development
Dec11

Connectivity Opening Up Bangalore Suburbs for Development

No one who sees the bustling cosmopolitan structure of the Garden City is going to believe that it was once a Pensioner’s Haven! Considered as the Asia’s Silicon Valley the major transforming point for the city has been the emergence of the IT/ITES Sector. According to online statistics published at the beginning of this year, Growth rate of IT/ITES in the city is the highest showing double digits Current population of 9.6 M is predicted to grow to 14,000,000 in 2021 Presently, 2840 IT & ITES companies are operating here Out of the total 100+  are  Fortune500 companies Additionally, 90% of the people presently residing in the city belong to the working class. This shouldn’t come as a big surprise because Bangalore incorporates 31+ industrial hubs housing PSUs, private IT/ITES, Textiles, Biotechnology, Aviation, and Engineering companies. Not to neglect the education sector, this high-tech city boasts of 620 colleges and over 5,400 schools. This has led to an equalizing of educational growth quality with constantly growing living standards of the residents here. It is home to some of the renowned institutes; such as IISC, IIITB, IIMB, ISI, NID, and NLSUI. Also, Bangalore has the distinction of being the largest outsourcing hub in the whole world as well as an End User Core Market. The commercial and social infrastructure here has helped get to achieve the tag of, WORLD CITY having ample scope for Retail, Hospitality, and Entertainment options. All this coupled with the pleasant weather all around the year makes Bangalore one of the best places in India to settle down. No wonder, the city has been witnessing a 13% stable annual average appreciation price rate for residential sectors during the past four years. Along with the high developments in the core areas of the city, the suburban areas are also seeing a spurt in Bangalore real estate market growth in recent years. So, what is driving this growth and development? Bangalore has a key advantage over other metros in South India. Expansion in this city is possible in all the FOUR directions!  Infrastructure developments have remained the lifeline. It has led to increase in connectivity between different regions and has opened up the inaccessible areas spurring growth. Some crucial infrastructural projects undertaken in the recent past include, Elevated Expressway Bangalore International Exhibition Center (BIEC) Bangalore-Mysore Infrastructure Corridor (BMIC) Peripheral Ring Road Metro Rail Development Phases – I & II How these major developments have affected the Bangalore’s Property Market Bangalore real estate market can be divided into the Northern and Southern areas. Most of the big industries are concentrated in the northern regions of the city especially close...

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Social Infrastructure Pushes Demand For Homes in Bangalore
Nov28

Social Infrastructure Pushes Demand For Homes in Bangalore

Bangalore suburbs are emerging as the main residential localities as properties inside the city limits are quickly re-defining. The necessity for affordable homes in Bangalore is continually on the rise, and the new home buyers have began to search for areas that deliver cheaper housing or land cost as equated to the main city. Great connectivity, better infrastructure, the Airport, upcoming SEZs and established IT corridors, are the main driving forces that push demand for homes in Bangalore. Reasons to Invest in Home in Sub-Urban Bangalore: The ‘Garden City’s’ Real Estate market’s dynamics changed with the Information Technology revolution that swept across its landscape. The ‘IT Capital of India’ soon became a booming hub for specialized education and employment openings, and its realty market started growing. Spurt in demand from NRIs The IT professionals settled around the globe; eye Bangalore as the next best investment destination after their home state, and possibility of lucrative job openings in both IT & ITES Sectors, here. To top the icing on cake, factors like good pricing, professional real estate services and flexible repayment options are all pushing the NRIs to make a profitable real estate investment in Bangalore. Social & Civic Infrastructure Advantages With a spurt in lucrative job opportunities, improved civic and social infrastructure, a board range of residential options across different price segments are dictating the rental yield in Bangalore’s suburbs. Furthermore, Location, Connectivity, and Affordability are the key factors that make Bangalore’s suburbs hotspot among the buyers and investors alike. Since, these suburbs need a lower investment; the chances of gaining a high rate of return (ROI) are good. For example, apartments for sale on Begur Road are a good buy. Here, the apartments are a good blend of superfluity lifestyle with commercial affordability for a wonderful living, and not to forget the proximity it shares with the Electronic City at just 7kms. Benefit from Good Social Infrastructure The advantage of residential and commercial developments leads to take-off in social infrastructure. This is mostly owing to the number of people who move into a region, and, as such, have requirements of schooling, entertainment, retail and transportation that they want to be addressed to keep up with the increasing demands of the resident population. With a spurt in infrastructure development across the city in terms of Metro connectivity, growths of roads, and contact to the Outer Ring Road (ORR), it converts a win-win situation for the home buyers in suburbs. Now, they can speedily travel to and fro their workplace, while balancing their personal life and responsibilities with equal ease. An effective multi-development project at Yeshwanthpur has totally changed the...

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