Why now’s the perfect time to invest in real estate in North Bengaluru! (2024)

FAQs

Why now’s the perfect time to invest in real estate in North Bengaluru!? ›

Real estate in North Bangalore attracts not just seasoned investors but also first-time homebuyers and millennials with long-term investment plans. The reasons for this are many — growth potential, rental appreciation, livability factors, excellent connectivity and future employment opportunities.

High Rental Yields: Bangalore has a high demand for rental properties, making it an attractive destination for real estate investors looking for a steady income stream. According to the NoBroker Rent Report 2023, the average rental yield in the city is around 5-7%, which is quite attractive for investors.

North Bengaluru has among the best opportunities for real estate investment in Bangalore, as it has fast-growing locations.

The Real Estate Market In Bangalore

If you are thinking of buying land in Bangalore, now is the right time for it. There are a number of factors driving the real estate boom in Bangalore. The city is a major hub for information technology and business outsourcing, which has led to an influx of well-paid workers.

Low supply with high demand refers to a rise in the prices of the property. Thus, if you are planning to invest in property then it is high time for you to purchase an apartment in the city of Bangalore. Gurgaon and Pune have already enhanced their prices because of high demand and lack of supply.

According to Knight Frank's “Asia-Pacific Outlook 2023,” residential prices in the city are predicted to increase by 5% annually, making now an ideal time for investors and homebuyers to look into Bengaluru's real estate market. Binnypet is one such location that has drawn interest from both buyers and developers.

Will property prices fall in 2023? Prices are predicted to increase by over 7.0% nationwide (4-5% in Mumbai and Delhi, 5.5-6.5% in Chennai and Bengaluru), and a number of other economic indicators point to a strong upturn as well.

On the aspect of residential outlook, Bengaluru is highlighted as the second-best market to watch out for amongst the APAC cities in 2023. Bengaluru's residential price is expected to grow by five per cent YoY, the highest amongst the leading three Indian markets tracked in the report.

North Bangalore is inarguably the best place to live for those who want to surround themselves with greenery and a good climate and live the city life.

Social Infrastructure of South Bangalore

Bangalore South has a notable advantage over the rest of the city due to its stronger social infrastructure.

Where is the best place to buy land Bangalore? ›

₹ 2,00,00,0001 acre 27 Guntas Farm land for Sale.

The posh areas of Bangalore such as Bsavangudi, Indira Nagar, Jayanagar, Frazer Town and HSR Layout etc command real estate prices in a higher bracket and are the costliest areas of Bangalore.

The upper floors are also known to get better ventilation, fresh air and more exposure to sunlight compared to the lower floors. Natural sunlight will always keep your apartment bright and during winter it will keep it warm.

Buying a flat on the top floor of an apartment gives you many advantages, such as a good view of the surroundings, open-air sunlight, etc. The disturbances coming from the street will be absent on the top floor. Mosquitos and rats are not found on the top floors.

The life of a building is normally taken as fifty years while financing a bank loan by bankers. So property value will depreciate by 2% per year. Thus there is no harm in purchasing a property which is 20 years old.

Home Price Predictions

While it's quite possible for median home prices to fall another 5% in 2024 – or a total potential drop of about 10% from the end of 2022 – if mortgage rates decline faster than predicted, that could mean home prices remain mostly flat through the end of 2024.

Based on Zillow's data and CAR's data, the California housing market is expected to experience a slowdown in 2023 and 2024. According to Zillow, the average home value in California is $728,134, down 1.7% over the past year, and homes go pending in around 24 days.

Unsold inventory, is perhaps one of the scariest terms in real estate and the Bangalore realty sector, at present is rewriting its definition. In a classic case of demand surpassing supply, the city has witnessed more than 60000 unsold residential units.

Most Sought-after Localities in Bangalore in 2023

Bangalore undoubtedly is a brilliant choice for investment, offering a diverse range of properties and a stable economy.

What will Indian real estate be in 2030? ›

The size of the country's real estate industry is expected to reach $1 trillion by 2030 from $200 billion in 2021, according to a joint report prepared by NAREDCO and EY.

"The majority of experts are now predicting an outright decline in U.S. home prices in 2023," Pulsenomics founder Terry Loebs said in a statement. However, the panel also projected that home prices could bump back up at an average rate of 3.5% per year from 2024 to 2027.

Despite what some may think, 2023 is still a good year to invest in real estate, thanks to advantages like long-term appreciation, steady rental income, and the opportunity to hedge against inflation. Mortgage rates are expected to decline, but the housing market is likely to remain competitive due to low supply.

Consequently, 2023 is anticipated to be a period of robust growth for the real estate market. In line with this, NRIs and millennials planning to invest in residential property will drive the 2023 real estate market as a result of homes becoming more affordable and fractional ownership becoming more commonplace.

2023 looks promising as well and residential demand could increase by 10-15% as end-user demand is expected to maintain its momentum. Simultaneously, supply is also expected to increase as many large developers are buying new land parcels and gearing up for big project launches.

The fastest growing locality in the metropolis, North Bengaluru is emerging as one of the best options for real estate development in Karnataka's capital city. Hubs like Manyata Embassy Business Park and the KIADB Aerospace SEZ are located here, luring in many MNCs and aerospace companies.

Few affordable sectors offer residential units between Rs 15,000 per month and Rs 20,000 per month in the city. Including travel and daily needs, a couple should be able to keep their household expenses to around Rs 35,000.

The best entry is east or north-east, followed by north-west. Avoid south and south-west facing entrances.

Bangalore Urban has five taluks: Hebbala (Bangalore North), Kengeri (Bangalore South), Krishnarajapura (Bangalore East), Yelahanka (Bangalore North Additional) and Anekal. The city of Bangalore is situated in the Bangalore Urban district and is the headquarters of the district.

Which is more north Bangalore or Chennai? ›

Chennai is at the north of Bengaluru; and Hyderabad is located to the west of Chennai.

BENGALURU: In the costliest real estate deal, BP Kumar Babu of Cornerstone Group, the largest landholder in Bengaluru, has acquired a 10,000-sqft plot opposite UB City for Rs 45 crore.

In 2017, the Embassy Group sold an apartment for Rs 50 crore to Ajit Prabhu, chairman and chief executive of engineering outsourcing company Quest Global, making it the biggest residential deal ever in Bengaluru. Prabhu bought the 16,000 sqft apartment in Embassy One near Hebbal at a per sqft rate of about Rs 31,000.

The Managing Director of the Bagmane Developers group in Bangalore, Karnataka, Raja Bagmane is one of the richest real estate tycoons in India with an overall wealth of INR 16,730 crore as per the Grohe-Hurun India Real Estate List 2021.

Sanjivv Singh - Co-Founder - Acre Foundation | LinkedIn.

Most people don't know much about investing in farmlands and its benefits. In fact, 'is buying farmland a good investment in Bangalore' is one of the most often asked questions. The answer is a big yes. There are so many advantages associated with investing in agricultural farmlands in Bangalore.

You could build about 29 smaller-sized homes of approximately 1,500 square feet there if there's no space between them. Additionally, if the houses get larger, it drops to 21 medium-sized, 2,000 square foot homes or 14 large, 3,000 square foot homes.

The central business district of Bangalore is the area within a 6 km radius around Vidhan Soudha. This is the center of the city and core commercial area of Bangalore which was founded by Kempegowda of the Vijayanagara Empire.

Is it better to live in PG or flat in Bangalore? ›

It can turn out very expensive to rent a flat in Bangalore. I wouldn't recommend it considering you can choose from so many other great options like zolostays, stanza living, magicbricks, no brokers etc. But i will refer you to must live in a pg of Zolo or any other no brokrage pgs if you are staying in Bangalore.

Most flats have a lifespan of 75-100 years and with proper maintenance, they can last longer. So, you don't really need to worry about a building older than 50 years. Coming back to profit, three factors come to my mind when it comes to selling an old flat.

Hence, staying in top floor of a high-rise building is practically safer than to be in the open street among the stampede of fear-stricken people. Tall buildings offer maximum security from an earthquake jolt if the areas do not fall in the epicenter of extremely powerful earthquake.

Higher Floors May Breathe Easier at Night

But at night, air is more settled. The average is around 50-100 meters, which translates to a height of 16-32 stories. That means plenty of buildings of buildings should be above the average mixing height–at night. Thus, it'd be worth running these tests again at night!

Increased security. The top floor is the most secure out of all the levels. Thieves or other invaders will rarely make their way to the top of the building. If you're on the top, you can feel safe from people who might push into the building from the outside.

All the heat from the lower floors rises to the top and will accumulate on the top floor. This is why top-floor apartments are often the hottest in comparison to other floors.

It can be perfectly safe to buy a 100 year old house. On the surface, there's absolutely nothing wrong with buying a 100-year-old home. Still, you should be wary of structural issues and other problems associated with aged houses, such as lead paint and pest problems.

When you hit your 40s, you may be on more solid financial footing than you were in your 20s. But that doesn't mean you should buy the priciest home on the block—even if you can afford it. Instead, consider the expenses and financial obligations that will come up through your 40s and into your 50s.

Bengaluru and Hyderabad have seen maximum 5-yearly increase of 10 percent in average property prices; The IT capital also saw the highest rental yield of 3.9 percent among all major cities, followed by Mumbai with 3.8 percent.

Significant increase in rental yields

As of the end of Q1 2023, Bengaluru has the highest rental yield among the top 7 cities, at 4.1%, followed by Mumbai at 3.9%. Prior to the pandemic, Bengaluru had the highest rental yield at 3.6%.

Will Bangalore real estate grow? ›

If you're thinking about investing in Bangalore's real estate market in 2023, you're part of a growing group of people. Bangalore attracts many with its dynamic economy, diverse culture, and abundant opportunities. Bangalore, also known as Bengaluru, is home to a thriving tech industry.

Sarjapur Road

It owes its popularity to easy accessibility to the IT hubs of ORR-Marathahalli, Whitefield, and Electronic City. “Due to its strategic location, Sarjapur Road has always been a preferred residential locality in Bangalore.

There are several cities in India that are considered to be top places for real estate investment. Some of the most popular choices among investors include: Mumbai: Known as the financial capital of India, Mumbai offers a wide range of properties at different price points.

This is how much you will profit (or lose) from your rental annually after all expenses and mortgage payments are covered. A good ROI for a rental property is usually above 10%, but 5% to 10% is also an acceptable range. Remember, there is no right or wrong answer when it comes to calculating the ROI.

a) Buying At 25-30

For individuals in the 25-30 age range, one of the main benefits of buying a home is the longer mortgage repayment period, which can give them more time to pay off their mortgage and build equity in their home.

The Managing Director of the Bagmane Developers group in Bangalore, Karnataka, Raja Bagmane is one of the richest real estate tycoons in India with an overall wealth of INR 16,730 crore as per the Grohe-Hurun India Real Estate List 2021.

Recent findings from the COVID-19 pandemic that just struck show the importance of investing in houses and properties. Real estate market projections are expected to rise in value to around $1 trillion in 2030 according to Business Industry experts.