Ever wondered why the prices of 2BHK or 3 BHK flats in Bangalore are rising at a higher rate than anywhere else in the country?
Well, it’s not just because of its booming IT sector. The city’s developing infrastructure, thanks to the Karnataka Government’s initiatives, is another driving factor. This factor is responsible for ensuring superb connectivity, availability of ample social amenities, rise of other commercial hubs, etc., which effectively increase residential property value.
Keep reading to learn how Bangalore’s developing infrastructure scenario can impact your property investment in the long run.
Overview of Bangalore’s Developing Infrastructure
In the last few years, Bangalore has witnessed rapid infrastructural development. One of the key driving factors is the city’s superb connectivity. Some noteworthy examples in this regard are the Bangalore-Mysore Expressway, Bangalore Peripheral Ring Road and Bangalore Metro Rail Phase 2.
These projects are exclusively designed to reduce traffic congestion and improve accessibility to other parts of the city. As a result, commuting time has reduced drastically, allowing individuals to travel to their workplaces with ease.
This has resulted in the development of numerous business hubs like Central Business District, Outer Ring Road, Manyata Tech Park, etc. Thus, several domestic and international companies started setting up offices in Bangalore, creating a huge demand for working professionals.
Consequently, a large number of people started migrating to this city in search of better job opportunities, creating a demand for 2 BHK and 3 BHK flats in Bangalore.
How Is It Affecting Residential Real Estate Prices?
Now, residential complexes developing alongside these infrastructural projects tend to have high demand. As a result, their prices tend to increase, creating a perfect long-term investment opportunity.
Apart from this, people who migrate to Bangalore for work prefer renting apartments which are near IT hubs. There is also a trend among individuals to live in gated societies with open spaces, ample social infrastructure and on-premise amenities. This has resulted in a significant rise in demand for luxury homes for sale in Electronic City, which is the city’s largest IT hub.
In this vein, as per a survey by Knight Frank, residential real estate prices are to grow by 5% annually. Furthermore, experts forecast an average rental yield of 5% to 7%. Hence, by investing in RERA-approved projects in Electronic City today, you can avail high returns in the long run.
Where to Buy Flats for Sale Near Me in Bangalore?
Given the latest property-buying trends, if you are planning to buy a 2 BHK & 3 BHK in Electronic City, Mahendra Aarya can be a smart choice. It is situated near major roadways like NH-44, Nice Road and Elevated Express Highway.
Furthermore, this residential complex is located at the heart of Electronic City. Thus, it is situated near major companies like TCS, Infosys, Wipro, Biocon, Siemens, etc. Apart from this, there is an upcoming metro station about 8 minutes from the complex. As a result, you can avoid the traffic and travel to your workplace in a matter of minutes.
There is also adequate social infrastructure within walking distance, like hospitals, banks, schools, shopping malls, etc. to facilitate ease of living.
Additionally, there are 50+ amenities, like a roof-top infinity pool, gym, co-working space, pet park, etc., present on the premises. Thus, if you want to buy 2 or 3 BHK flats in Bangalore, call us today!
