Bangalore is one of the rare cities in India that enjoys a great infrastructure and IT influence. It also a perfect blend of rich culture, lip-smacking cuisines and pleasant climate. Apart from that, it is the hub of the IT culture in India and draws millions of people for job and business opportunities. As a result, the city is on the top of the minds of many people to make it their homes.
You may take a look around Bangalore and see so many real estate developments going around in and around. Based on your needs and budget, you can invest and buy property in Bangalore.
If you are a bit apprehensive of investing in real estate in Bangalore, let us provide you with some quick reasons to help you out.
Significant reasons to invest in properties in Bangalore
1. Professional builders
Bangalore has many professional builders when compared with other major cities in India. As a result, you could come across builders like Godrej Avenues, Rohan Upavan and others easier to work with. It is one of the prime reasons why homebuyers do not hesitate to buy property in Bangalore. The only thing that you need to check about your builder is if it has got the approval of the Government of Karnataka and is RERA registered. If your builder is laced with these prerequisites, then you will face no issues in getting your projects delivered in time.
2. Market stability
The end-user largely drives the real estate Bangalore scene. The market has remained constant and reliable for a fairly good amount of time. It further adds to the reason why Bangalore will never fade away as one of the best places to invest in properties.
3. Better transport facilities
The launch and expansion of Namma Metro in the city have given enough boosts to its real estate market as well. The availability of convenient transport modes in key locations is another reason to buy property in Bangalore. Why? It’s because easy connectivity leads to the surge in property rates. Hence, when you invest in such properties, you can easily get to enjoy a better ROI in the future. People hate traffic congestion and would like to live near a metro station. It is so that they face no issues in commuting to and from offices. This way, the preference for housing projects in such areas is sure to rise.
4. IT and enhanced infrastructure
Bangalore is world famous for its IT industry, and the density of IT investments and related developments in the city is always on the surge. IT investments and better infrastructure drive a large number of professionals here. As a result, they immigrate here for better career prospects. As a result, real estate developers are bound to be more professional towards projects and deliver on time.
5. Pleasant climate
Are you looking for the best place in India to invest in properties in 2018 and beyond? The weather of Bangalore makes it a winner. The city remains enjoyable during most time of the year. What’s more, there is less exposure to natural calamities such as earthquakes. It is also one of the reasons you can move to your dream home in the Silicon Valley of India.
6. Affordable home loans
Adding further, since buying a home without a home loan is an unimaginable possibility, you can use the housing finance schemes available in Bangalore. That, thanks to the recent changes in the housing finance sector, has come down to a minimum. In fact, the home loans interest rate are the lowest compared to the rates available in the last 2-3 years.
7. PMAY subsidy
Lastly, if this is your first home and you plan to conduct the purchase before the next financial year, you can leverage from the PMAY housing finance scheme and the PMAY CLSS.
Concluding notes: Some of the key reasons you can buy property in Bangalore are now discussed to help you assess your needs and make a wise decision. Don’t look any further, the Garden City of India has its own aura, and people who go there don’t want to shift to any other cities. Don’t believe us? You will need to live in the city to experience all.
From finding the right home to getting in-person assistance for site visits, to availing a loan and getting documentation assistance, Home Loans by Bajaj Housing Finance Limited help you do it all.