The following article discuses
the financial returns that one can make through investing on apartments in
Bangalore
Once hailed a pensioners’
paradise, Bangalore saw a paradigm shift with the Information Technology
revolution sweeping across it. Gradually the city went on to accommodate
numerous single professionals. As an effect of the same, related industries
such as the real estate saw a major boom and it continues to do so. Prices of
residential properties in Bangalore have skyrocketed. It is estimated that both
residential and commercial properties will continue to witness a boom in the
days to come.
The city observed a rapid rise
for rented accommodations with a huge number of populace moving to Bangalore
for professional purposes. Single professionals living in this city usually
prefer individual rented accommodations than other options. This has opened up
huge opportunities for those who want to buy real estate properties in
Bangalore. Investment in 1
Bhk apartments for rent in Bangalore can yield good financial
returns.
Some of the most sought after
localities of the city include Sarjapur Road, Whitefield, Marathahalli,
Electronics City, Banerghatta Road, JP Nagar and others.
Electronic City: Flats for rent
This neighbourhood of Bangalore
gradually came into existence when the city witnessed the Information
Technology boom. Numerous multinational corporations set up their offices which
in turn had a positive impact on the real estate sector. Several real estate
builders grabbed this opportunity and made huge investments. Buyers also sought
the opportunity and many made investments keeping in mind the financial
security. Real estate properties bought at the Electronics City prior to the
upcoming of the IT sector, yielded high financial returns as well as security.
Other ways that the Electronics
city contributed to the financial security was the rented accommodations. The
city attracted numerous migrants from all over that created a huge demand for
rented accommodations. Those who already had residential real estate properties
started renting them out that yielded good financial returns. For example, a 3BHK apartment at Skylark
Zenith: Equipped with all kinds of modern facilities with a rent of around Rs.
14000, this will make a good option for those who are looking for budget
accommodations. This added to the Apart
from that, buyers and investors started exploiting other opportunities related
to financial securities. Most of them were successful who had taken up this
opportunity. However, Electronics City was not the only neighbourhood. Other
localities in Bangalore also contributed to the financial gains and in turn
contributed to the Gross Domestic Product (GDP).
Whitefield: Apartments for rent
This neighbourhood is another
locality which has tremendous potentialities in terms of yielding financial
returns. A 3BHK apartment in Whitefield will come at a cost of Rs.29000. This
can go up to even Rs.40000 probably three or four years down the line. In this
case, the investor or the property owner is going to benefit as this will
ensure his financial security through real estate investments in a city like
Bangalore.
The above mentioned information
upholds a basic idea about flats
for rent in Bangalore as well as the returns in terms of monetary
value. Considered to be one of the most expensive Indian cities, people
investing on real estate in Bangalore is sure to secure their future
financially.
