Bangalore, Karnataka's capital city and India's first silicon city is embracing massive transformation. The widening of roads and the introduction of the metro, simplify life. Following this transition, the Indian real estate market also welcomes a new portfolio i.e. studio apartments in Bangalore. With IT-city spectating the establishment of startups, a new business ecology came into existence. Resulting, in the high footfall of professionals in the city. The influx of migrants and state locals calls for a high demand for residential accommodation.
However, quality remains uncompromised by home seekers. Thus, an investment in immovable assets is the seedling to a profitable future. Here are some reasons that spark potential returns on real estate investment.
The construction of quality roads, flyovers, highways, and arterial roads ensures unclogged vehicular movement. With already ongoing infrastructure development, the proposed projects in the latest Karnataka budget, add weightage. The sturdy infrastructure set the path for hassle-free travel from studio apartments in Bangalore.
A new flyover from Lalbagh Road to Hosur Road erases traffic snarl. It is one of the busiest traffic junctions in the city. Approximately, 12,500 vehicles (passenger car per unit) move via this road every hour. BDA (Bengaluru Development Authority) estimates quick completion of the flyover construction. Once completed, it will connect Hosur Road to Bannerghatta Road.
An infrastructure project is proposed to decongest vehicular jams between Silk Board Junction to Electronic City via Hosur Road. It is a quality elevated road project valuing Rs. $450 crore planned to execute quick traffic movement, diminishing travel time. Another reason to invest in studio apartments in Bangalore is work-life balance. The newly launched and proposed infrastructure projects curb the stress of traffic jams. These projects are Varthur Road ORR Grade Separator and Whitefield Road ORR Grade Separator. The Hebbal Lake Interchange and Airport Road (Koramangala - Indiranagar), and Yeshwantpur atop the list.
India's maiden Silicon City witness a rise in corporate avenues. The soaring inception of IT companies, ITeS ventures, and small businesses lure workforce mavens. With the hope to attain growth, professionals from pan India, come to the city. The Manyata Tech Park, Central Business District, and IT Parks in Bangalore are another reason for the rising demand for residential properties.
The abundant state-of-the-art offices soar tenants' expectations for secure, stylish, and compact living addresses. Thus, luxury property in Bangalore cater to their expectations. The demand for these compact homes is high amongst investors, as the property demand ensures continuous cash inflow. The rental value moves upwards today and in the future, as more commercial hubs are in the pipeline.
One of the many aspirations is quality living standards for loved ones. Most of the residential projects in India's maiden IT city, experience it. There are several world-class educational establishments rendering ICSC and CBSE syllabus. Bangalore has top business schools and universities to nourish tomorrow's leaders. One of the top-rated B-schools is Symbiosis Institute of Business Management in Bengaluru. Another is Xavier Institute of Management and Entrepreneurship, Bangalore.
The third but not the last, institute nearby luxury studio apartments in Bangalore is the International School of Management Excellence. With excellent academic institutions, there are premium healthcare facilities to meet medical emergencies. The capital city of Karnataka has Fortis Hospital at Bannerghatta Road. The Manipal Hospital at Hebbal renders multi-specialty healthcare facilities 24x7.
The five-day work concept provides professionals with quality time to unwind. There are several high-street shopping malls in the city. Like Phoenix Market City and UB City Mall in the prime location. Bangalore is home to numerous recreational spheres to enjoy nature. The six top wildlife sanctuaries in proximity are easily accessible from the top studio apartments in Bangalore.
The strong infrastructure and continuous development uplift property prices in the city. Thus, migrant professionals seek residential accommodation. With the nonstop incoming of professionals in the city, the rental value will be uninterrupted and increase in the future.
Investors are always keen to add diverse options to portfolios and studio apartments in Bangalore offer that opportunity. These compact life spaces are available for an affordable cost, but the market will grow in the coming time. Thus, affordable yet distinguished features are the USP of these immovable assets.
Hold the strategically positioned residential properties in the city, to enjoy high capital appreciation potential. The increase in infrastructure, social, and security provisions calls for an increase in property prices. Thus, an investment in the Bangalore real estate market now will garner high profits in the future.
A qualitative lifestyle, social security, well-being, academic establishments, and safety norms are the reasons to invest in Studio apartments in Bangalore. The upcoming multi-modal connectivity is another reason to make an investment in the Southern city.