6 Major trends in Bangalore real estate in 2017

Investing in real estate is a popular trend followed by the entire country since many years and the ‘Silicon Valley of India' is not at all an exception in this case. An obvious fact is that people are always in search of developing areas, as investing in such regions is advantageous.

A well- known fact is that Bangalore is the paradise for investors. Bangalore's job market is enhancing its residential market too. To get the best returns, the best builders in Whitefield are presently offering top- notch quality homes along with essential amenities.

If you are planning to invest in real estate, then Bangalore's outer areas will be the perfect location, as home buyers will surely get outstanding houses at reasonable prices. Now, have a look at the 6 major trends in Bangalore in real estate in 2017.

6 major trends in Bangalore in real estate in 2017:

·         Maximum number of buyers choose home loans-

Serviced class community (IT) primarily dominated Bangalore. So, maximum purchasers of this super busy city prefer taking home loans. An interesting concept prevails here that if SBI (State Bank of India) approves a project, then it will be devoid of all legal disputes. Hence, approximately all developers tend to receive the approval of their projects by India's largest lender.

·         Majority of projects are built as joint ventures-

One of the latest trends in Bangalore's real estate is that almost all projects of Bangalore are constructed under JD agreement. A developer and a landowner sign up the contract. On the contrary, Delhi's developers purchase a land at first and then start constructing on it. This trend of Delhi is not so beneficial as it is a highly expensive affair.

·         ‘Tech' factor-

Bangalore is becoming more populous as the tendency of nearly all companies to set up a branch, or headquarter is increasing day by day. The sector of technology is one of the primary reasons behind the accelerating growth of this city. Investors are attracted by massive investments from overseas as well as from the country. Due to this, a huge number of people are migrating since few years.

Besides ITes, Bangalore is a home of many start- ups as they promise excellent growth opportunities to professionals and also young entrepreneurs.   

·         End- users drive realty market-

Bangalore's market is end- user driven and because of that developers always maintain price levels. Realty prices in Bangalore are always under- check.

Just because the market is stable, this city is fortunate not to experience violent fluctuations as well as any crash. 

·         Professional and ethical practices assist the market to be attractive-

The real estate sector in India has been in the news since last few months and that too because of wrong reasons. In cities such as Chennai and Delhi NCR, this sector is lagging behind because few realty stalwarts are behind the strong bars. But, Bangalore is again an exception in this case. Why so?

The developers of India's third- populous city are extremely ethical and professional and the reflection can be seen in the construction's quality.

·         Price trends are responsible for attracting investors-

Bangalore's present price trend reveals the direction of real estate's market. Such trends assist investors to understand which time is perfect for purchasing or selling properties in and within this city.

Thus, Bangalore is marked as one of the high- ranked cities regarding development as well as real- estate investment.