Bangalore, the ‘Silicon Valley’ of India has witnessed a boom in the construction and real estate projects. Lucrative job opportunities and contemporary infrastructure of the city make it one of the most required destinations in India. As the city grabs the attention of many, the Real estate projects in Bangalore
also seem to be growing. Bangalore being the major economic hub of India with its rich IT and software industry, the real estate boom has gone to an all time high now.
There is a huge demand for residential plots and flats in Bangalore now. This has created a vast array of opportunities for the developers to explore the possibilities for new real estate projects in Bangalore. Of late, many big players have entered into the Bangalore real estate industry and many more are planning to join the race in the near future. As a result, the Bangalore property market is going to touch new highs in the coming days. Post-recession, the IT and other corporate industries have regained their lost glory and are planning to expand their presence in the city. This will again necessitate more office space.
Bangalore’s IT boom and corresponding growth of economy have seen a large scale increase in the population, mostly due to migration from across India as the city has turned into a goldmine for corporate biggies. This has further increased the demand for residential plots and villas in Bangalore. Exploring this golden opportunity, developers and builders are all set to make their presence much stronger with new residential flats and commercial properties across Bangalore.
With Bangalore’s current population at 8,084,676, the directorate of economics and statistics estimates that it is expected to touch 10 million by 2012. According to official figures, Bangalore’s population has grown 35 percent in the last six years. The steady growth in population will demand more residential plots and this is where the real estate Banglore Builders focusing on to bring in new projects.
According to a report by the retail estate research firm, Cushman & Wakefield, Bangalore is the top real estate destination for commercial and industrial sectors. It has become third preference for residential and hospitality sectors in India for real estate investment.
Today, we find considerable Real Estate Investment in India, either in the field of Residential Property in India or Commercial Properties in India. Due to the liberal investment policies of Indian governments at the Centre and the State, NRI investment in India is constantly on the upswing. Many rich NRIs like Malini Alles and Raj Vakharia has invested millions to the booming real estate market in India. More and more NRIs are expected to chip in big money to this sector in the near future.
While deciding upon a house that suits for them, home loan rates were a concern for many. Home loans have made people buy property in Bangalore in spite of the skyrocketing prices. Now there are loans available that suits different segments of people. If one is applying for home loan, he/she should know the installment rates. Currently all finance companies that provide home loan provides the facility of EMI calculator. EMI calculator computes the value of Equate Monthly Installments for user specified values. It is available online and the user can put values and calculate the amount for which they can take loan. In fact the EMI calculator helps the customers to check the EMIs for different loan tenures and to decide which would be most suitable for them.