Bangalore, or Bengaluru, has emerged as a thriving real estate market in recent years. The city's robust infrastructure, booming IT sector, and cosmopolitan lifestyle have attracted people from all over the country, leading to a surge in demand for residential properties...
If there is one city that still remains the toast of the real estate market in India, then Bengaluru surely tops that list. Thanks to its never-ending growth, especially owing to its IT and allied sectors leading the development curve. What’s more, the ever pleasant climate, great connectivity to any part of the world and India, the cosmopolitan culture tempt everyone to have a piece of Bengaluru to call their own!
KR Puram has come a long way since its Hanging bridge landmark when it first got noticed by the next generation of Bangalore as the hot and happening real estate bubble. In fact, the place traces its name back to Immadi Krishnarajendra Wodeyar, who ruled between 1734 and 1766 A.D. Primarily considered as a suburban area of Bangalore
Thanisandra might have been a former village in the southern state of Karnataka, India, however, this area located in the East taluk of Bangalore Urban district in Karnataka is arguably the most sought after by home buyers owing to its rapid development. The main reason for demand in this area is the expansion of the main road as an alternative route to the Bangalore International Airport and proximity to IT hubs like the Manyata Tech Park.
Indian rental housing market yield is at just 1% to 3% whereas the developed markets promise a return of about 7% to 8%. There are at present 1.1 crores ready-to-move-in properties or dwelling units in India that are vacant but not available for rent simply because of the legal rigidities in the rental legislations and the worry of disputes and lack of a quick settlement machinery.
Indian real estate is the second-largest employment generator of the nation with a contribution of about 7% to the country’s GDP which employs the largest number of unskilled labour. With the rapid urbanization, the real estate sector has emerged to be one of the most prospective sectors of the country and the government’s
To know the future, knowing the past is undoubtedly important. In this context, the year 2019 – 2020 has been the year that has ended with the onset of the pandemic and the year after was fully plagued with the onslaught of the lethal effects of the global pandemic.
Undoubtedly, the real estate sector witnessed many upheavals during the pandemic like halted constructions, plummeting demand, reverse migration of labour, liquidity crunch, and many more. Along with all these, the buyers’ sentiments also got slashed as there was a marked fear of rampant job loss.
