Real Estate Housing Trends in Bangalore

1. Real Estate Housing Trends in Bangalore The real estate market in Bangalore has evolved at a breakneck speed and is today the country’s most lucrative one for both developers and buyers. Although there has been a constant infrastructure issue to have plagued the city, there is a growing appetite for quality real estate which continues to expand. Successive governments have tried to solve the ongoing infrastructure crisis and make sure that that the real estate space in Bangalore continues to enjoy the prime space in the country. The city boasts of a large number of developers. There has been a huge influx of new age realty builders into the city, offering consumers a wide array of choices, exquisite designs and a host of amenities. These choices are both in terms of space, location and the wow factor. Bangalore offers the entire spectrum of real estate choices from luxury penthouses, 3BHK Flats, 2BHK economy apartments, Service Apartments, Residential Apartments and various others. The competition amongst the developers over the years has escalated and each developer is vying to up the ante and offering the extra something to lure the discerning customer of today’s age. In the buyer’s market that has emerged, the consumers getting improved returns on their investments and extremely good value for their investments. There are umpteen number of amenities in the properties being sold today with excellent choices of features, locations prices. This wide choice of choice of properties, locations and pricing have all improved Bangalore’s standing as a lucrative real estate investment destination. At the same time, the consumer is also more educated and aware and that has resulted in a great evolution of the market. The advent of internet, digital media and social media has meant that a great deal of information currently available freely – both online & offline. This means that the consumer is always informed of the decisions he’s making, and the developer can never hide anything from consumer. The continuous influx large migrant population in the last two decades into Bangalore has lent an increasing cosmopolitan feel to the city. The burgeoning start-up ecosystem and the well-entrenched IT industry has provided Bangalore with a huge middle class with aspirations galore.