Bangalore has outpaced better property markets such as Mumbai, Delhi and Chennai with 8% growth in the quarter to June over the year-ago period, even as sales in most other cities stagnated or even plummeted. IT-centric cities like Bangalore, Hyderabad, Pune and Chennai to some extent are now emerging as entire new real estate propositions. IT companies readily available are going up their campuses noticeably. Recently, Wipro announced the imminent launch of their new facility and headquarters of approximately 2.5 million square feet in Bangalore. This facility will augment their existing campus, which already employs over 31,000 people. Trends and data points suggest that dynamics in these cities will be very different in the next few years. While the sale of apartments has picked up, the property price have stabilised in spite of spiraling input cost,
Find the best Location:
• Location plays a significant deciding issue in buying of property. Make sure you checklist few aspects before jumping into end.
• Ensure there are proper like roads to the house.
• Ensure there are proper water & electricity connections.
• Ensure that well laid out drainage, sewerage and garbage disposal actions have been made.
• Is there any issues about to pollution due to industries etc?
• Stage of developmental activities of the area - ensure adequate public transport facilities and other prominent amenities like educational institutions, hospitals etc.
• Survey the market and talk to local people and ask about the standards.
Property in Bangalore has exposed such resilience that the Government has now decided to modify the direction value of properties across Karnataka, counting Bangalore. The last time that the guidance value was revised in Bangalore was in 2007.
Really, Bangalore is the attractive destination among top cities in India for real estate investment.
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