Work from home shifts real estate focus

Bangalore real estate market has been vibrant for the last two decades. During the Covid-19 induced lockdown, while the real estate industry suffered across the country and inventories were locked up, Bangalore did not suffer much, and its real estate market remained stable with lower inventories stuck up.

What are the reasons behind the popularity?

Because the IT sector continued to grow, technology and digital infrastructure became more prominent during the pandemic, and the movement of the workforce from office to home ensured that demand for residential plots remained buoyant. Salaried people scouted for cheaper options on the outskirts where daily commuting was not a factor anymore.
Many with stable jobs and income reworked their long-term investment goals. They became property buyers for the second source of income and savings in the form of investment in real estate and capital appreciation for the rainy day or probable another pandemic disaster.

Post Retirement

Many people want to spend their retirement life in peace. Hence, people look for a serene, peaceful, secured, and pollution-free environment. It is the perfect time to invest in upcoming development plots by the prestigious Prestige Group projects in Bettanahalli and Devanahalli.

North Bangalore - the new corporate and industrial hub

Over the years, Bangalore has been the hub of financial investment in Electronics, telecommunications, and IT. Global Giant Tesla announcing its India operations from Bangalore, new MNCs in the IT and ITes industry, plenty of Start-ups, and building of 1000 crores financial hub in North Bangalore are positive developments expected to attract a vast number of multicultural migrants from other parts of the country to Bangalore. It will result in demand for real estate properties, especially in Bangalore North, as most job opportunities will be in this location.

Return on investment

Recent researches have shown that Bangalore's real estate ROI has been stable at around a 10% growth per annum. The average rental yield has been about 2% to 4%, more than other cities in the country. If one adds up the rental income with capital appreciation and adds the tax savings, the overall returns over the long term will be excellent.
Some of the locations you can explore in North Bangalore are Hennur Road, Airport Road, K R Puram, Sarjapur Road, and Bannerghatta Road. North Bangalore already sees the upcoming Prestige Park drive project in Devanahalli, and the Prestige Marigold plotted developments in Bettanahalli as the most sought-after projects for investment. It is time to invest in plots as the attractive Prestige Marigold Price is below compared to other locations. After the pandemic, the coming back to normal is expected to clear the inventory backlogs, create new demand, and jack the real estate prices up from present levels.