Advantages of Buying Apartments in Bangalore

Bangalore has become the most favorable destination for many real estate investors. Check out what policy changes and government initiatives bring such opportunities. Just few years earlier, buying a home was considered a very emotional decision. Isn't it? But now, many purchase apartments for the sake of investment. However, the recent policy changes that the government has made have left the builders to face insolvency. Yes, the best investment sector is facing turmoil now, and that seems to be a big boon for buyers and investors as it presents some new and great opportunities.

Karnataka's capital city, Bangalore, is known for being the IT capital and home to various companies. Strategically situated 3,000 feet above sea level, the city allures many people, all because of its pleasant weather and the countless opportunities it offers. As more people enter the city, the demand for homes has increased, and with that, the realty industry has seen a significant rise to complete the need. If you're considering whether buying an apartment in the IT city is better than renting one, then the best choice would be the former.

This is the right time to purchase your future home since banks offer loans at an all-time low-interest rate. Here we will discuss the various advantages of buying an apartment in Bangalore. Let's take a closer look into it:

Top Advantages of Buying an Apartment in Bangalore

More choice

As we mentioned, Bangalore sees good migration every year, and people from all over the country move to Bangalore in search of jobs, opportunities, and urban life. As a result, Bangalore is buzzing with apartments across affordable, mid-range, and luxury sections. The variety you get is why the city is one of the country's real estate prime destinations. Several real estate builders come to Bangalore, too, to make the most of its expanding population. However, be sure to do research before making the final purchase and buying an apartment in Bangalore. It's one of the most common buying mistakes you should avoid.

Growing Market

Various upcoming apartments express the growing demand in the real estate industry. Since the city is a start-up and IT hub, there is always an inflow of people from other places. Buying an apartment in a growing market will be a blessing since you can use your money towards gaining assets while avoiding paying rent.

Rental Income and ROIs

Property investment is the best ways to expect safe and excellent returns. Regardless of what apartment you buy, the returns will be satisfying. Especially an apartment in Bangalore can become a different way of income earning if you decide to rent it and use that income towards your EMI. If you decide to move to a different city a while later, you can always rent out the property to make extra income.

Price advantage

Buying an apartment in Bangalore is much more affordable than in other towns in India. The money you would spend on an apartment in Mumbai or Delhi would get you your own independent house in Bengaluru. If you're more comfortable with an affordable apartment, you can get a property with all the characteristics of an ideal home in the city without making a hole in your pocket. No matter your budget, your family size, or whatever criteria you must fulfill, the city is sure to have a place that is as per your every requirement.

Community living

Bangalore is the country's most cosmopolitan cities and has a multi-cultural and diverse population. Many of these people move to the city due to working in one of the many MNCs and IT companies. So, when you plan of buying a beautiful apartment in Bangalore, one essential benefit you experience is meeting with people from all cultures and widening your social circle. And if you're thinking of going out of the city, Bangalore has many good places to visit on weekends.

Affordable Home Loans

With an excellent source of income, you can easily get home loans. It is now easy to get home loans. The process for getting loans has also become favorable and simpler. Finding a vast range of home loans that fulfill all your needs is very easy regardless of what apartment you are looking for. If you're able to finalize on an apartment that is value for money and has facilities to cater to all your needs, then loans can be availed in a second.

Bangalore has always been an excellent investment since economic growth is rapid here. Homing many tech companies and start-ups, it has been a hotspot for many professionals. Many young professionals are also looking for affordable apartments since they feel paying monthly installment is better than paying rent. Even if they move out, they can rent it with good money. It is always considered a good option to buy an apartment than buying plot or a house, as it is safer and gives many opportunities. Especially in this real estate market condition and in 2022, it proves beneficial for buyers and investors when they purchase a premium apartment in Bangalore.

Godrej Woodscapes

Godrej Woodscapes is a fantastic township project, set in forest-theme in Budigere Cross, East Bangalore. Developed by Godrej Properties, it spans 28 acres of land. The project features 2,400 units in 2, 3, 3.5, and 4 BHK sizes. Apartments spread across 7 towers, and each one is 39 floors tall. The main gate of the project is facing towards Budigere Main Road. The apartment price starts at Rs. 1.29 Cr and ranges in size from 1198 sq. ft to 2900 sq. ft. Godrej Woodscapes is anticipated to launch in 2024 and will be in possession from 2029.

Godrej Splendour

The cutting-edge residential complex Godrej Splendour was built by Godrej Properties in Bangalore's Whitefield neighbourhood. Engineers of the highest calibre expertly constructed this residential development, which spans eight towers and 17.76 acres of land on Belathur Road. The luxurious building offers residences in the 600–1234 square foot range, including 1, 2, and 3 BHK options (SBA). Technology parks and apartment complexes can be found in East Bangalore's Whitefield neighbourhood. Due to the area's proximity to workplaces and shopping centres, there is a high demand for properties. Thousands of people work in the region, which is home to the city's significant IT network.

Godrej Properties is a reputed name in the real estate industry with several innovative designs and historical constructions. The company has always thrived on dream homes and homes with stylish designs combined with the newest highlights. The launch of the apartments is still pending RERA approval. The launch date for the upcoming Godrej Splendour project in Bangalore is scheduled for mid-2022. Godrej Properties' pre-launch in Whitefield is required to meet the region's housing demand.

Godrej Park Retreat

Godrej Properties presents another opulence, Godrej Park Retreat hosted in another sought-after East Bangalore location, Sarjapur Road. The project offers more than you ever desired from your dwelling. Spoiled with options in sizes, layouts and configurations in 1, 2, and 3 bedroom categories, each resident can enjoy living in the spacious and envious abodes. There is a sprawling 28,000 sq. ft. Clubhouse with 50+ lifestyle amenities will pleasantly take care of your leisure, wellness, and convenience needs. There are great fun-filled activities loaded amid nature stretched across 1.64 hectares of greenery. Godrej Park Retreat will take you and your loved ones to another level and boost you holistically!

Godrej Air Nxt

Godrej Properties presents another magnificence, Godrej Air Nxt apartment complex, located again in the heart of the strategically planned East Bangalore location, Whitefield. These are spacious abodes with unrestricted views, loaded with superb amenities and facilities like organic farming, jogging tracks, etc., ensuring every dweller can enjoy an awe-inspiring living experience. High retail streets, top IT and global companies, renowned healthcare, education, and shopping malls are there in the neighbourhood. Innovative Oxygen Enriched Homes are available in 2.5 and 3 bedroom sets and penthouses that come with air purifiers in every unit. The prime focus of these residences is every resident's health and well-being.

Godrej Ananda

Godrej Properties' residential project, Godrej Ananda, is located in Bagalur, Bangalore North. A total of 20.33 acres of land are included in the development. A 10 per cent open area is included in the design. Housing has been made available in an amount of 806 units. Apartments and Studio Apartments with a perfect blend of contemporary architecture and the features available as part of the project, ensuring a cozy living environment. 1RK, 1BHK, 2BHK, and 3BHK are the different apartment configurations. The project has excellent connectivity and is positioned among existing and emerging neighbourhoods and facilities at the crossroads of BK Halli Road, adjacent to Bagalur Aerospace Park, Gummanahalli, and Bagalur. A fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, outdoor sports courts, children's play area, AV Room, party hall, and meticulously planned with utmost importance to state-of-the-art 24/7 security are just a few of the 25+ amenities available at the property. The Bagalur region is essentially a small township located a few kilometres outside of Bangalore. The road connects important Bangalore towns such as Malur, Hoskote, Whitefield, Bommasandra, Dasarahalli, and others. There are numerous industries in the area. There is a sound bus system in this area, and the railway station and airport are also close by. Property rates on Bagalur Road are significantly more affordable than in other parts of Bangalore, which is why so many people like to live here.

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