Buying apartments in Bangalore is one of the smartest investments given today’s market scenario. The city being India’s largest IT hub, with developing infrastructure and an increasing working population, can facilitate long-term property value appreciation.
However, to make an informed decision, you need to know the factors which influence the rise in property prices. Keep reading this blog to know more.
5 Factors Influencing Property Value Appreciation
Some of the factors affecting property value appreciation are as follows:
- Overall Demand and Supply
One of the most influential factors affecting property prices is demand and supply. If the demand for flats for sale in Bangalore significantly increases and its supply does not rise in tandem, property prices will appreciate.
This is because individuals will be interested in paying more in order to purchase a house that meets all their needs. Thus, assessing the demand and supply for property in a particular location or of a specific type is essential for making a sound investment.
2. Property Location
Location is another key factor affecting property value appreciation. Buyers usually prefer living in areas which are nearby to their working place, well connected to other parts of the city and have adequate transportation facilities. They also prefer flats which feature open spaces, luscious greenery and scenic views.
Additionally, you must also look into the neighbourhood before buying property. People nowadays like to live in up-market areas, which can facilitate a peaceful and secure everyday life. In this regard, buying property in a gated society can be one of the best options.
3. Available Amenities
Now, the available amenities in a property also play a major role in its future value. People nowadays look for residential complexes which feature amenities like parking spots, swimming pools, gyms, etc., within the premises.
Additionally, paying attention to the security features while buying apartments in Bangalore is also essential.
4. Social Infrastructure
The availability of adequate social infrastructure within the property’s vicinity is a crucial factor for its future valuation. Buyers always prefer flats in areas which are nearby banks, shopping malls, schools, hospitals, police stations, etc.
This is the reason why residential complexes near major commercial centres have a higher value in comparison to flats in the interior parts of the city. Moreover, buying property in an area where developmental projects are currently underway is a smart move.
5. Home Loan Interest Rates
The rate of interest for home loans is another potential factor affecting the rise in property value. If interest rates fall, it will be more convenient for individuals to get loans to buy property; hence, this will shoot up the demand, resulting in a price rise.
However, in case interest rates rise, the cost of borrowing will increase, resulting in less demand, and as a result, a decrease in property value.
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We are offering 2 and 3 BHK apartments for sale in Electronic City, which are thoughtfully designed, keeping in mind your comfort and lifestyle. What’s more, our residential complex features 82% open space, along with 50 + on-premise amenities like an infinity roof-top swimming pool, gym, garden co-working space and more.
Our apartments in Electronic City Bangalore are currently under construction and are available for booking.
For more information on our apartments in Bangalore, get in touch with us today!