REAL ESTATE SCENARIO OF BANGALORE VS REST OF INDIA

India’s economic success in recent years has helped to ensure that various sectors in the Indian Economy are also growing and creating opportunities for people for further growth. Today, India is the world’s fifth-largest economy, with a GDP growth a little over 5%. By 2050, India’s economy is projected to be the world’s second largest, behind only China.

The real estate contributes over 6% to India’s GDP and is one of the most globally recognized sectors. The Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and by 2025 projected to contribute 13 percent to the country’s GDP. The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations.

The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces. The real estate sector also expected to incur more non-resident Indian (NRI) investments in both the short term and the long term. Bengaluru is expected to be the most favored property investment destination for NRIs, followed by Ahmedabad, Pune, Hyderabad, Chennai, Goa, Delhi, and Dehradun.

In the last decade, Bengaluru has witnessed exponential growth in smart infrastructures because of its distinct advantages as compared to other metropolitan cities. Bengaluru has Software technology parks of India (STPI) with well established IT hub and excellent telecom connectivity throughout the city. The city enjoys a very pleasant and moderate climate condition throughout the year and offers a lesser cost of living as compared to other cities.

Bengaluru is one of the fastest growing technology start-up hubs in India with the government also making continuous effort to pull foreign investment. The city has witnessed an upward trend in real estate with 870 successful projects launched in 2018 having 50% mid-segment (40-70 lac), 24% affordable (less than 40 lac), 26% luxury (greater than 70 lac) with increased demands of villas and apartments by NRI and domestic investors. So, one should invest in Bengaluru, the city which is growing in all spheres as a planned metropolitan and offering the investors a continuous fast growth in their real estate assets. The city is absorbing rapid growth and making itself the best real investment option in India.

Bengaluru’s real estate is a good bet as compared to the rest of India. This cosmopolitan city has established itself as a nucleus of the 40% Indian IT sector with associated flourishing start-up ecosystem, sound infrastructure, enhanced commercial activities, renowned educational and research institutes, and above all – a proactive government body which strives towards driving growth and development in the silicon city of India. In real estate today, NCR has the highest no of unsold inventory aged above 3 years and with 36% Noida has the biggest share in ready to move–in unsold stock whereas Bengaluru being a prime choice has a miniscule no of unsold inventory.

Bengaluru real estate has shown a constant increase in demand at Sarjapur, Hoodi, Kanakpura road, Whitefield and Mysore road. Sarjapur provides the best connectivity to IT trifecta of Whitefield, Marathahalli and Electronic City with a good hub of educational institutes and a full range of housing projects.

Now where should one invest at Sarjapur road??? Well ATCO Sapphire at Sarjapur Road introducing 2 & 3 BHK Luxury Apartments at just a starting price of Rs 45 Lacs all inclusive with an array of amenities. It is a project which is offering Cricket Practicing Pitch, Senior Citizen Park, Children’s Park, Walking Track, Skating Rink, Badminton court, Swimming Pool, Terrace Garden and Barbeque Lounge, Water Cascade, Gymnasium, Power Back Up, CCTV, Covered Parking, 24X7 Security, Water Softener and much more at most affordable rates. ATCO Sapphire always conforms to pre-certification of RERA, BMRDA, E- KHATA, OC and CC in all its projects. So, just pay 2 Lacs now with finance upto 90% and enjoy the premium township with a state-of-the art architecture and plus styling with ATCO Sapphire.

INVEST WISELY – INVEST IN ATCO

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