How Bengaluru is presently riding high on infrastructure projects?
November 15th, 2021
The ongoing infrastructure projects that are being developed in Bengaluru are coupled with quality offerings and thus becomes a lucrative market for investment in the year 2021. Here, we would discuss Bengaluru’s present position in the real estate market and how the market is presently riding high on the best of the best infrastructure projects.
How is Bengaluru’s real estate market positioned in the present times?
Bengaluru continues to maintain a rapid momentum in the sector of real estate, building itself up to be one of the most lucrative destinations in the entire country. The real estate sector is expected to revive strongly with impressive growth in the year 2021 with the addition of certain new projects, increase in sales, and unsold inventory registering a rapid decrease in the past months largely due to the effect of the pandemic.
The real estate sector is rapidly witnessing a steep rise in demand and hence after the pandemic, the market is on its way to revive considerably. The sales of properties in Bengaluru would be on a higher side in the upcoming quarters, buoyed by the phased opening of the economy and also the aggressive vaccine drive that is instilling a lot of confidence in the market. Many buyers are also considering the present time to be an ideal time for buying a home as they can benefit a lot from low-interest rate home loans.
There is an emerging and upward trend of settling into a well-designed 2-bhk flat near Manyata Tech Park due to the ample availability of a plethora of feasible amenities without ever compromising on the presence of open spaces, greenery, hygiene, and safety.
Which region within Bengaluru is much in demand in the year 2021 and why?
Manyata Tech Park is one of the major real estate hotspots in Bengaluru. This park is home to the mammoth ITeS/IT sector that employs several young professionals. Given the high number of people working in this particular region, several professionals are now opting for certain residential projects in this area. North Bangalore is home to some of the most sought-after properties in all of India. Our projects Adarsh Greens, Adarsh Wisteria, Adarsh Pinecourt, and Adarsh Palm Acres offer an elegant living space to call home since it is located in the prime location of Bengaluru. Its connectivity to Kempegowda International Airport and other regions of Bengaluru is one of our projects’ greatest USP. The Hebbal, Devanahalli, Yelahanka, and Hennur Roads are popular areas with easy access on elevated expressways or metro routes that will seamlessly connect you to another region no matter where it may be located within this bustling metropolis!
Are there any changes in preferences of the homebuyers in the post-Covid times?
Yes, in the post-Covid era, locations have gained a greater significance in decisions concerning home-buying. Locations that comprise a great mix of social and physical infrastructure are relatively better priced in comparison to the expensive properties that have witnessed a higher demand in recent times.
The bottom line
The experts say that this is the best time to invest in residential real estate as the pandemic has taught us the immense value of owning a space of our own. The home loan interest rates are also presently low and thus you can avail of the opportunity of a lesser costly home loan. Investing in infrastructure projects has become a trend and by opting to invest in an infrastructure project in Manyata Park, Bengaluru, you can get access to a classy living and receive a profitable return in the long run if you want to re-sale the property.