Opportunities are abundant for commercial real estate investing in 2020. Most economists expect the U.S. economy to continue expanding, with volatility in
Why is North Bangalore worth investing in real estate?
Over the last few years, there’s one locality in Bangalore that has witnessed miraculous development – North Bangalore. It has flourished under the eyes of the airport authority, city infrastructural bodies and global commercial giants, fast becoming one of Bangalore’s leading investment hotspots and featuring on every investor’s radar.
- India’s 1st Aerotropolis: BIAL is planning to expand the Kempegowda International Airport into an aerotropolis or a mini city built around an airport.
- Upcoming Commercial Development: Upcoming commercial development around the region includes a hardware and an aerospace park with global companies such as Wipro and TCS. This is set to create at least 2.5 Lakhs jobs in the region.
- Upcoming transportation facilities: Nagawara in the south of the city is set to be connected to the airport in the north via Phase II of Namma Metro. A 33 km proposed High-Speed Rail Link (HSRL) is also in planning, connecting central Bangalore to the airport.
- Spurt in residential projects: With the promising developments – commercial and transportation – the planned infrastructural growth means that North Bangalore is set to home around 25 Lac+ people in the next decade.
- ITIR Revival: With the Government’s announcement to revive the ITIR (Information Technology Investment Region) project, it would be generating about 40 Lakhs jobs in the region. The first phase of the project is expected to be operational by 2020.
When it comes to property investment, North Bangalore is one of the hottest markets for excellent capital returns. Even features-wise, this area has some of the most futuristic projects. I recently read an article on Indian Express which talked about smart homes with voice assistants and other features. It also mentioned a project called . It seems it’s a project by a reputed builder know for their smart homes projects.
So if you have a location with such a great prospect and good projects, I think it is one of the best places to invest in real estate.