A significant element driving the demand for real estate in Bangalore is the ample job opportunities that this city offers. Bangalore is well-known for creating the greatest number of jobs for engineers and management graduates among all Indian cities in the recent years.
Apart from emerging as the tech hub of India, Bangalore is popular for luxury real estate. The market for luxury houses in Bangalore is growing at an alarming rate due to people’s affection for luxury living.
What drives people to invest in Bangalore’s real-estate market?
First, Bangalore’s IT/ITes sector alone adds up to 100,000 new workers annually. Furthermore, a little more than 5% of the workforce falls into the senior management category. They are individuals who hope to get villa properties in Bangalore and lead an opulent lifestyle. Moreover, Bangalore offers several possibilities for those wishing to purchase ultra-luxury flats or apartments.
Secondly, compared to the cost of real estate in other cities, the pricing of luxury houses in Bangalore is practical. In the garden city, people can save at least 20–30% more on luxury real estate. Other reasons include the potential for starting entrepreneurial businesses and the simplicity of finding a trained workforce in the city.
Which destinations are popular for luxury houses in Bangalore?
Bangalore has multiple neighbourhoods that fit the definition of “posh” in terms of cultural and wealth density. The residents of places like VittalMallya Road, Richmond Road, and Sadashiv Nagar prefer living in separate homes. However, most of these homes do not exist anymore because of the trend of rising apartments in the city.
Entrepreneurs who enjoy an advanced lifestyle without compromising on space like to live in Indiranagar and Koramangala. The wealthy in Bangalore still favour these neighbourhoods over newer ones that offer a lavish lifestyle quotient. No other cities offer these areas’ space and lifestyle against a background of undisturbed charm and grandeur.
Now let us take an overview of some of the most luxurious villa properties in Bangalore
- A new neighbourhood of villas on East Bangalore’s Sarjapur Road has come up with over 12 acres of land.
- Yelahanka, North Bangalore, has ready to move 3 BHK and 4 BHK luxury villas available.
- Bannerghatta Road, South Bangalore, is another location whereluxury houses in Bangalore are available.
- One of Bangalore’s best villas, Project Magadi, is a gated community project of Bluejay. It is a new, lovely neighbourhood of earthen homes that will take people back to the time of previous eras. This luxurious villa project is approved by the BDA and spread over 5 acres of land. Each unit has a 3BHK layout and features top-class amenities.
Take away
People’s desire to buy luxury houses in Bangalore is rising for many reasons. The demand for such homes is boosting developers to build villa properties in Bangalore. Moreover, Bangalore’s progressive socio-economic structure further depicts that the real estate market will flourish even more in the coming years.
