Real Estate in Bangalore - Should You Invest?

Bangalore is a growing city where thousands flock every year in search of jobs. After the initial period of struggle most people look for investment opportunities. Real estate is one of the biggest sectors for investment in India and Bangalore is no different. Builders are trying to seize every free space in and around the city to meet the demand for housing. Areas which were unexplored in the past like Whitefield are now being brought in the net of residential areas because of the booming software and IT sector. Other upcoming areas for real estate Bangalore development are Marathahalli, Sarjapur and Yelahanka New Town.

Amenities Provided in Residential Complexes

Most residential complexes are being developed in community styles which include a departmental store, swimming pools for relaxation and lots of open space. Security and other basic necessities have been taken care of in these apartments. Builders are aiming to provide holistic living for all residents. The apartments are built in an aesthetic way and interior decorators are consulted for furnishing the apartments. Each complex houses apartments in a gamut of styles- 2/3/4 BHK, penthouses, duplex, condominiums etc. Some builders are also constructing villas and bungalows. People prefer to buy apartments in residential communities rather than stand-alone buildings because of the amenities offered.

Cost of an Apartment and Financing Options

Property prices in Bangalore are increasing by leaps and bounds. Most places have per square feet price above Rs 3,500. Even though property prices are shooting through roofs, various schemes for housing finance and loans are also available to ease the burden off the buyer’s shoulders. LIC, Axis Bank and HDFC offer loans to house hunters. Some other public sector banks like SBI and IDBI are also interested in lending money to buyers. Therefore, people interested to invest in property will not have any trouble in finding a financer.

By investing in an apartment, owners are also creating a channel for earning a handsome amount. Rental rates for apartments are rising at an alarming rate. For places like Indiranagar and Whitefield, 2BHK apartments are fetching above Rs. 15,000 in rent every month. Therefore, once your apartment has been furnished, you can rent it out on contracts valid for 11-months and earn a fat wad of money. This money can then be used to pay the EMIon the housing loan taken out to buy the apartment. If the amount of rent has been settled smartly, then it would generate some amount as profit even after the EMI has been paid.

Online Classifieds to Help Investment in Real Estate

As a reader if you are convinced, then you would be glad to know that online real estate classifieds in Bangalore lists properties up for rent or sale from different parts of the city. Buyers can filter the search results according to their budget, area-wise preference and style of apartment that they want to buy. There are many websites where real estate Bangalore buyers can meet sellers conveniently, without paying any brokerage or commission. Both parties would be saving a lot of money and at the same time get the best out deal.