Bangalore has been the prime location for real estate development in the past decade. Equipped with modern amenities, the apartments in Bangalore offer a better lifestyle. The hustle for achieving and uplifting your living standards has opened up lucrative avenues for investment in real estate in specific areas. With the current pace of development and market dynamics of Bangalore realty, buying a flat in South Bangalore would be smart. Here’s how.
High Rental Yield
Buying 3 BHK flats in Bangalore can be quite strategic since, in the event of any future relocation, you can use it for leasing or renting. The property demand for rentals is high right now, with IT professionals returning as their Banglore offices have opened up to a physical or hybrid format. So, investing in South Bangalore would be smart since the rental yield is relatively high here, with many tech parks and employment hubs in proximity. Hence, the rent will be a great alternative passive income source.
High property appreciation
The steadily increasing property prices make Bangalore, especially South Bangalore, a lucrative investment option. The apartments in Electronic City have seen massive appreciation in property rates with consistent development across the whole stretch of land. Moreover, the proposed Bengaluru Metro’s Electronics City Corridor operating from Bommasandra to Central Silk Board will further boost the property rates in the upcoming years. Hence, now is the right time to choose a lucrative flat for sale in Electronic City.
Spacious Home For Your Family
Apartments in Bangalore are known for their large and ergonomic floor plan. An average Bangalore apartment measures around 1,750 sq.ft., which is about 45% larger than an average Indian household. Hence, a 3 BHK flat in South Bangalore gives ample space for your family to live and thrive. Buying a 3 BHK flat is smart since a spacious home gives every member of the family their own space and privacy to live together comfortably. Convenience and sustainability matter a lot nowadays; 3 BHK apartments are available at competitive prices.
Increase in demand for 3 BHK Flats
With people striving for a better lifestyle, studies have revealed that nearly 36% of people in Bangalore prefer 3BHK apartments & flats over smaller 1BHK or 2BHK flats. One reason for the increased demand for 3 BHK flats is the better paycheck. Mid-segment IT professionals with decent earning and savings portfolios are now opting for luxury apartments and spacious 3 BHK apartments near their workplaces. So, this has made builders incorporate more 3 & 4 BHK flats in their residential projects. Hence, you can get great deals on 3 BHK flats in pre-launch or under-construction properties in South Bangalore.
If you’re looking for 3 BHK flats for sale in Bangalore, there is a surplus of residential housing available in South Bangalore. Affordable prices, quality homes, and modern amenities offering high lifestyle standards make investments in 3 BHK flats in South Bangalore an intelligent move.