Real Estate Property in Bengaluru: The Golden Goose.

Bangalore has always enjoyed the Silicon Valley status for a long time, or one should say it has earned this position. It has been the IT hub of India for a long time, and has earned this tag due to its corporate culture supporting startups.

The Municipal administration needs to be credited with the way Bengaluru has grown, as also the cultural-metropolis connect which it has established. The government and the administration realized the potential which the city offered and put in the effort to bring up the infrastructure, in terms of IT parks, office space, residential affordable accommodation, roads, transportation facilities etc.  

Today Bangalore is the number one city on the Livability Index and the most sought after real estate property in India. The all-around expansion of the city municipal limits, has ensured a uniform land pool for future real estate and property developments in Bangalore. The real estate developers in Bangalore have played up well to stick to the basics and catering to the real needs of the end user.

The real estate in Bangalore has matured well, catering to all the needs. It has exclusive corporate and IT zones, residential sectors as well hybrid areas which cater for both. Thus, providing the end user, a wide variety and choice. The sector has done well to keep the property rates under check and in the affordable as well as, mid segment range.

The startup boom has helped Bangalore in its real estate growth to quite an extent. Bangalore being tagged the Silicon Valley becomes the natural destination for Startups, spanning the employers as well as employees. The hybrid all-brand culture of Bangalore from MG Road to Electronic City and White Field, provides the casualness which the young Indian loves to associate with.

The weather is another crucial factor, the temperate settings, of neither too hot nor too cold, contribute towards why a number of corporate houses and MNCs get attracted to Bangalore.  

However, the warning bells are already being sounded, the City municipal infrastructure is already reeling under this expansion and is unable to cope the water, electricity and sewage requirement. If these are not addressed in the right earnest in the immediate future, Bangalore will very quickly loose its sheen as the ultimate IT destination.  

In order to ensure that the real estate and property sector in Bangalore does not land-up in the same state as what Gurgaon is, the real estate developers need to ensure that the municipal authorities provide the required infrastructure in the upcoming real estate destinations like, Sarjapur, Haskote, Thanisandra, Kalkere, Narayanpura, Hesaraghatta, etc.

Real estate and Property market in Bangalore is going through a very crucial phase, if it can match the ongoing real estate expansion with supporting infrastructure in the coming years, it would probably break the tag of an ideal Smart City. If not it may also crash like the Gurgaon real estate market, only time will tell which way the tide turns.   

Real Estate Property in Bengaluru

Bangaluru is fondly called the Silicon Valley of India, obviously for the right reasons. All the big names of IT industry whether national or international have set base here, as Bangaluru attracts the required talent and offers the right infrastructure. Bangaluru has adopted the multi lingual and cultural tag with ease and élan, which has attracted not only the IT giants but also other multi-national organisations.  

The Bangaluru municipal organisations have played up well to the opportunities in the last decade or so. The city has a well-planned infrastructure in terms of roads and metro connectivity. The ring road has been enhanced with the outer ring road, with the expressway to the airport providing a direct connectivity. The highways to Mysore and Hosur and extensive layout and expansion of metro are the main factors enhancing the executive TRP of Bangaluru.

The real estate property in Bangalore has played-up well and has handled the fast track developments with professional ease. The city has well defined residential and commercial zones, as also hybrid areas for professionals who don’t like to travel. Whitefield, Yelahanka, Banashankari and Sarjapur are the main upcoming residential real estate belts in Bangaluru. Electronic City I & II, Dodabanahalli and Hoskote cater to the hybrid real estate requirements in Bangaluru.

The Real estate in Bangaluru is catering to the future well, with the city radius now expanding to 25 KMs as compared to the previous 15 KMs. The NICE Ring Road provides the required connectivity and infrastructure to the upcoming projects, also the extension of Metro to Electronic City, extends the reachability.

The property prices in Bangaluru sky rocketed in the initial phase about 10 years back, however the prices settled down well before the down trend set in on the real estate sector in India, about 3 years back. This gave the real estate in Bangaluru the lead time to absorb the slowdown without much of turbulence. Though the property prices may not have seen escalation in the past couple of years, but neither have they gone through a downward trend, as is the case with other metropolitan cites in India.

Another huge advantage that Bangaluru real estate sector enjoys is, that it is an “end user” driven market and not a “investors” market. This ensures two things, one that there are no peeked price escalations and secondly the properties get occupied and do not remain vacant, thus adding to the Liveabilty of an area. This in turn ensures that the property prices keep gaining steadily like any other long term investment.

Bangaluru real estate like Mumbai holds a huge potential for redevelopment projects. As Residential property in Bangalore was the first one to introduce high rises, it has projects which are now 15 to 20 years old and obviously are on prime land. In the next few years we should witness a number of such projects mushrooming in Bangaluru with high price tags.

Bangaluru real estate offers a huge growth potential and it will remain so for the coming years, therefore if you are a real estate enthusiast it is one destination where it makes sense to put in your money.