Bengaluru tops the list of property markets in India
- Indiassetz listed Bengaluru as the most-attractive property market in India currently
- Bengaluru is in a neck-to-neck with Hyderabad, Delhi expected to revive soon too
- Not just IT, but affordable homes are too on a rise in Bengaluru
Bengaluru holds a current status of being the most striking property market in India. Indiassetz, a real estate advisory, and portfolio management services firm, credited Bengaluru as high ROI generating market.
“Bengaluru is still in the top most and Hyderabad is peaking up very well. Delhi has huge supply issues, so till the supply is order average is out demand will going to come back,” Shivam Sinha, CEO, Indiassetz, said.
Not just offering a sound return on investment, Bengaluru also assures rental income. With the IT sector boasting real estate, the city shows steadiness, and strong macroeconomics dynamics.
Sinha, the CEO of Indiassetz said that despite the relative decrease in real estate’s attractiveness as an asset class in the two years, at a higher level, even today the real estate attracts a lot of capital. “The most attractive asset in real estate would be in secondary market not in primary market,” Sinha said, adding that the under-construction residential segment is where investors have shown less interest.
Post- demonetization, the real estate in Bengaluru has not suffered violent fluctuations or major upheavals as compared to other states. The city has managed to uphold its grip over the growth of property business. According to experts, around 40% of the under-construction projects will be ready-to-move-in the next three-four quarters.
The Silicon Valley has been recently ranked as fifth cheapest cities, by economist intelligence unit’s worldwide cost of living survey 2018. Affordability is a magnetic factor for aspiring home buyers making it one of the most preferred destinations of investment in India.
For investors looking for a stable market with a long-term prospect, Bengaluru provides many attractive options.
According to 99acres, Bangalore has the better pricing in affordable homes segments compared to Mumbai and Delhi.