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Trending Reality Destination of Bangalore


Trending Reality Destination of Bangalore


Bangalore in the past decade or so has undergone a metamorphosis from laidback, easy going, and quiet city to a bustling, thriving, and modern metropolis. Today of the two fastest developing cities in the country, the skyline of Bangalore has changed drastically from that of just a few years ago. The establishment of the IT industry in Bangalore led to the formation of a large number of jobs and the subsequent movement of a new workforce into the city. This in turn led to an exponential growth in the real estate market of Bangalore with the development of several residential projects and areas that were once on the outskirts got smoothly amalgamated into the main city. While the COVID global pandemic did result in a slump in the real estate market, it also brought our attention to the importance of owning our own homes. As the fears of the pandemic are beginning to recede now in 2021, the real estate industry in Bangalore is expected to see an upswing. A number of new residential projects have been launched and these launches are only expected to increase in the coming future as potential buyers are expressing interest in investing in residential properties. Real estate sales in the third quarter of 2020 indicate that Bangalore’s spot as a top destination for investing in real estate is still strong. The Karnataka Stamps Bill 2020 which proposes a reduction in stamp duty is expected to further boost real estate sales in the city. There seems to be more interest in buyers looking to purchase mid-segment properties of 2.5 BHK to 3 BHK and while earlier the trend was to look for residential properties close to workspaces, there now seems to be an increasing demand for housing in projects on the outskirts of the city. All in all, Bangalore is a major destination for real estate investment and there is much growth expected in this sector in the foreseeable future.

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