Real Estate Investment Ways: Luxurious Apartments in Bangalore
In recent years, Bangalore, also known as the silicon valley asia, is continuing to grow rapidly. The city's lifestyle, demographics and professions have attracted individuals from all over India. With this, the requirement for luxury apartments in good locations has surged. Company is not merely viewing these homes as a possible asset, but also being a change that provides an enriched lifestyle.
Spurt in luxurious apartments in Bangalore
In the last few years, Bangalore's market has seen a surge in luxurious houses. These houses are primarily targeted towards high value individuals and so, real estate investment developers are centering on high-end villas and row houses furnished with each of the modern amenities.
Profitability could be the main reason for developers to join the premium houses bandwagon. Prices of those homes range from Rs. 2 to 12 crores. The homes aren't just large in terms of sq ft area, and also have amazing benefits such as Wi-Fi, pool, jogging track, badminton courts, sensor locks, etc.
As a result of technological advances, developers are able to build customized villas having amenities of international standards. Bangalore's real estate investment developers have reinvented their offerings from time to time, which may have further fuelled the need for high-end residential homes.
Region wise development of premium apartments
North/North West
A few premium apartment projects ranging between Rs. 2 to 4 crores have already been undertaken from the sub-markets of places like Hebbal. Developers chose the best place because of its prime location, good connectivity and ongoing infrastructure development. Numerous luxury houses attended up in the area between Hebbal and Yelahanka. North Bangalore has all of the potential to develop since the hub of premium residential homes.
South
Within the south, Bannerghatta Road has witnessed an outburst in premium villas and houses priced between Rs 1.5 to 4 crores. Localities like J P Nagar and Banashankari too have observed an outburst in high-end residential villas.
East
Premium villas have come up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The purchase price ranges between Rs 3 to 5 crores. Proximity towards the city's airport and extensive bus connectivity has added tremendous value to these areas.
West
Several high-end residential projects have already been launched in places like Yeshwantpur and Dr Rajkumar Road. Because of presence of several retail chains and hotels, need for villas readily available places have shot up dramatically.
As of now, there are many luxury home units within the city at various stages of planning and construction. Value of luxury homes in Bangalore is significantly higher in comparison with other metros in India. The conducive real estate scenario within the city will further propel the need for top quality housing in future.
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