Bangalore: A promising real estate market to buy rental property

Posted by Shashank Gupta under Real Estate on May 23, 2017

Just like other metros, the real estate sector in Bangalore is going through a transition over the past six to seven months. However, due to good market drivers – IT/ITEs sector, and a rise in new commercial and residential launches, property investment in Bangalore is a good idea.

While looking at the investment, it all depends on what is your investment ticket size and what are your goals. Real estate in Bangalore comes in many forms- multi-family, builder floors, office buildings, studio apartments residential property, opulent spacing villas, commercial and residential spaces – they all which come in different sizes and price values. A huge availability of all kind of properties open up a vast arena of options for the potential buyers which can result into attractive ROI. This is one of the factors pushing the demand of rental property in Bangalore.

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There are lots of financing and management strategies and the melting pot of options means that anyone can get started to buy a rental property in Bangalore.

This article will provide an insight into on how to identify the best rental property in lucrative locations of Bangalore:-

  1. Locations for Buy-to-let properties

While there are tons of property types in Bangalore, however, but it’s the buyers who decide on the property type they want to invest in. The ‘Silicon City of India’ has always been known as a land of opportunities for both the students and professionals. This, conjoined with ample job opportunities in the IT/ITes sector and companies across other various verticals, have led to a rise in demand for properties for rent in Bangalore; majorly in areas of Electronic City, Whitefield, the ORR corridor, and a few areas in North Bangalore. Investing in buy-to-let residential properties has always been an option available to both the buyers and investors and now they can use the online platforms like 99acres.com, among others which cut out an unnecessary middleman, resulting in reduced rates and higher returns for the end users.

  1. Buying local vs buying long distance residential properties

Being a native buyer allows you to be able to keep a check on your property easily if there is ever an emergency. It also makes it easier to supervise a property caretaker. Whereas, if you are from some other city, long distance locations allow you to invest where the real estate market makes the most sense for capital appreciation or a regular cash flow. Post demonetization, there has been an increase in the number of affordable real estate projects mushrooming across the country. Therefore, most of the property buyers are interested to make investments in the suitably priced residences. As a result, there are many affordable projects sprouting in and around residential areas like Whitefield, Hebbal road, Sarjapur Road, Marahathalli, among others.

Real estate projects by renowned and top-notch builders are paving the way for affordable yet high-end living projects for rent in the aforementioned locales of the city. Therefore, the demand for villas, bungalows, builder floors, and apartments for rent is increasing amongst NRIs as well as locals of the city.

  1. Hottest residential cum commercial real estate markets in Bangalore

Indeed, some commercial markets including manufacturing hubs and IT parks such Bommasandra, and Malleshwara , Hebbal, Indira Nagar, Narasapura, Hennur, Peenya, Yelahanka, and Marathahalli are witnessing large appreciation.     Other areas such as Kagugudi, Thanisandra, Kanakpura Road are cheaper and offers handsome cash returns. In the last 4-5 years, there is an increase in demand from the workforce employed in the numerous sectors including automotive, engineering and other industries located on the outskirts of Bangalore. Since properties in these areas come at a lower cost; this has attracted developers of affordable residential projects to scout for land parcels.

All in all, Bangalore has become a melting pot of professionals who come from different walks of life and want a suitable residential place with benefits of proximity, seamless connectivity, and infrastructural advancements. The city is proving to fit to the aforementioned description and this has played a significant role in appreciating value of rental property.

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