Connectivity and civic infrastructure changing the dynamics of Bangalore realty
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Read more on »real estate|M G road|IT belt|interest rates|Infrastructure projects|commercial spaces|Bangalore
The inauguration of the Metro Rail's Reach I between M G Road and Byappanahalli is a milestone in the history of Bangalore
. It will go down as the moment when the city changed course. The Metro
Rail promises to make the city a more convenient and efficient place to
live and work in. It pushes the case for more investments. It is
another major reason why Bangalore should be number one in the priority
lists of organisations planning to set up a base in the region.
A Metro Rail does more than just making it convenient for people to go from place to place. It builds the character of a city. Bangalore becomes an integrated built environment where it is just minutes from an IT belt to a residential spread. Traversing from one corner of the city to another whether for business or entertainment is convenient and quick, facilitating more work-related interaction and social networking. This in turn makes this a city that fosters bonding to enhance quality of business output.
If the Metro Rail was a much publicised and hailed achievement in the recent times, the elevated roads over highways - Tumkur Road and Hosur Road - are milestones set to change the character of these belts. The elevated road over Bellary Road that will reduce commuting time to the airport significantly is another major project in the making that promises to change the dynamics of north Bangalore.
These road projects along with the widening of the arterial roads will make the city a different spread - integrating commercial, retail , and residential belts. This facilitates a work-life balance making this city a convenient place to live in, drawing more people looking for job and entrepreneurial opportunities.
On the commercial front, Bangalore has drawn investments from all sectors - IT continuing to be a major factor in the growth and development of the city's economy . In the months ahead, more IT belts opening up around the city promise more commercial development and demand for housing. The retail sector has found a footing in residential belts with the concept of mixed land use.
The demand for shopping hubs in all localities has led to more retail chains expanding around the city. The major arterial roads within localities have been transformed with large format retail outlets as well as convenience shopping, along with hospitality. The residential belts around the city are also in the process of change. Localities are getting a facelift with the development of green zones and lakes.
The beautification of the city leads to the creation of more premium locations in these localities. On the property development front, the city has always offered a variety of options to those looking for a home or commercial space to work out of.
The apartments are getting to be more amenities-oriented and the commercial spaces boast of state-ofthe-art solutions. The plug-and-play facilities and built-to-suit options are suitable for ventures looking for cost-efficient spaces that don't require heavy investments on maintenance .
The city offers gated communities and new-age integrated developments that bring a new experience in convenience and efficiency. All these factors go into making the city's real estate market dynamic and potential for both end-users and investors.
Another factor that is relevant in this context is the downward trend in interest rates that is on the cards. Finance, a critical part of buying a home, will become easier to source and manage. Smaller EMIs are most welcome and those who were waiting in the wings are bound to enter the market now.
At this stage, the city's realty market is poised for growth. The infrastructure projects, expansions of corporates and more people coming into the city in search of opportunity will lead to demand for property. A roof over your head is a basic necessity today. With a growing demand and the city's horizons expanding in all directions, property prices will move in an uptrend. Property is an asset that spells security and multi-bagger returns always .
A Metro Rail does more than just making it convenient for people to go from place to place. It builds the character of a city. Bangalore becomes an integrated built environment where it is just minutes from an IT belt to a residential spread. Traversing from one corner of the city to another whether for business or entertainment is convenient and quick, facilitating more work-related interaction and social networking. This in turn makes this a city that fosters bonding to enhance quality of business output.
If the Metro Rail was a much publicised and hailed achievement in the recent times, the elevated roads over highways - Tumkur Road and Hosur Road - are milestones set to change the character of these belts. The elevated road over Bellary Road that will reduce commuting time to the airport significantly is another major project in the making that promises to change the dynamics of north Bangalore.
These road projects along with the widening of the arterial roads will make the city a different spread - integrating commercial, retail , and residential belts. This facilitates a work-life balance making this city a convenient place to live in, drawing more people looking for job and entrepreneurial opportunities.
On the commercial front, Bangalore has drawn investments from all sectors - IT continuing to be a major factor in the growth and development of the city's economy . In the months ahead, more IT belts opening up around the city promise more commercial development and demand for housing. The retail sector has found a footing in residential belts with the concept of mixed land use.
The demand for shopping hubs in all localities has led to more retail chains expanding around the city. The major arterial roads within localities have been transformed with large format retail outlets as well as convenience shopping, along with hospitality. The residential belts around the city are also in the process of change. Localities are getting a facelift with the development of green zones and lakes.
The beautification of the city leads to the creation of more premium locations in these localities. On the property development front, the city has always offered a variety of options to those looking for a home or commercial space to work out of.
The apartments are getting to be more amenities-oriented and the commercial spaces boast of state-ofthe-art solutions. The plug-and-play facilities and built-to-suit options are suitable for ventures looking for cost-efficient spaces that don't require heavy investments on maintenance .
The city offers gated communities and new-age integrated developments that bring a new experience in convenience and efficiency. All these factors go into making the city's real estate market dynamic and potential for both end-users and investors.
Another factor that is relevant in this context is the downward trend in interest rates that is on the cards. Finance, a critical part of buying a home, will become easier to source and manage. Smaller EMIs are most welcome and those who were waiting in the wings are bound to enter the market now.
At this stage, the city's realty market is poised for growth. The infrastructure projects, expansions of corporates and more people coming into the city in search of opportunity will lead to demand for property. A roof over your head is a basic necessity today. With a growing demand and the city's horizons expanding in all directions, property prices will move in an uptrend. Property is an asset that spells security and multi-bagger returns always .
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Bangalore metro corridor has good potential for property investors
Bangalore metro corridor has good potential for property investors
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Property value appreciates more in Bangalore's outskirts
Property value appreciates more in Bangalore's outskirts
Bangalore
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