Economic Revival To Boost Demand For Residential Spaces
India, the fastest growing economy in the world, is witnessing strong growth in sectors such as IT and related services in top cities. And this economic revival is fueling rising demand for residential spaces, complimented by by improved purchasing power of consumers. Given the steady rise of property rates, especially in the top ten cities, the real estate sector has been on a major growth trajectory. With recent reports of enhanced hiring across many sectors, especially the IT companies, who are doling out higher pay packages, people have started looking at new properties in Bangalore, shifting from rented apartments to independent homes and self-owned apartments in Bangalore.
Planning to buy a house?
Check the last few 3BHK apartments available at SLNS Hermos, Margosa Road, near Malleswaram’s famous eatery – VeenaStores.
Cheer up To New properties in Bangalore
India’s urban population is set to rise by over 500 million people in the next decade. This means more homes, offices and shops will be needed to house these new residents.
As Bangalore has a strong economy, it is set to witness rising demand for residential properties. Recent government moves like RERA and GST are expected to further boost sales activity in the housing sector, which should drive property prices higher in the city. At present, there is scope for improvement in property prices at certain price points where demand-supply mismatch exists leading to lower than expected capital values of residential properties in Bangalore.
Amidst this rising prices, there is good reason to cheer for property investors in the coming year. As the government plans to revise guidance value, i.e. the minimum selling price of a property, it will have a cascading effect on stamp duties, registration fees, property taxes, and planning fees.
New Flats In Malleshwaram
10 Apartment project in Bangalore, near Veena Stores in Malleshwaram; only few apartments left.
Hunting For Upcoming Projects?
Buying a home in Bangalore was never easy. And finding the perfect new property in Bangalore, with all the desired features, has always been difficult. Especially if you don’t know what you’re looking for. For there are so many options to choose from and too many sources trying to sell them to you!
At Vishuddh Properties, we are making it easy to get all required information on this website. And this will help you save hours going through listings. Start finding out how you can make a smart investment by contacting Vishuddh Properties at +91 984 563 5787 or +91 963 294 0135. Along with location, Vishuddh Properties gives importance to Titles, adherence to Govt Norms, best development and specifications in the project. So you are assured of a secure property that can also get you a handsome ROI.
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