Bengaluru: The Pinnacle Point of Real Estate

Captain Srinivas is a leader in real-estate development with 20 years of demonstrated expertise in planning, sourcing & delivering real-estate solutions across global markets. His expertise includes advisory, transaction management, acquisitions, disposals, investments and many more industry fundamentals. He is solely responsible for the overall strategy and execution of the company’s development plans across the residential, commercial and industrial & warehousing sectors.

Truly, Bangalore is garnering a lot of investment interests in real estate from NRIs. Bangalore is the most favoured property investment destination for NRIs, followed by Mumbai, Kolkata, Delhi, Ahmedabad, Pune, Chennai, Goa, and Dehradun. Bangalore’s real estate market is on the path to high-octane growth due to the city’s overall prospects and improved quality of living.

Besides, the city’s vibrant IT & start-up ecosystem have resulted in the growth of CRE, flex spaces and housing segment. This is enticing enough for NRIs as there is high appreciation potential. The city’s emerging micro markets are also seeing a lot of development thus making the entire area viable for NRI investments. Residential sales are anticipated to escalate by 10-12%, driven by the popularity of smaller, affordable units and the burgeoning enthusiasm of first-time homebuyers.

Sustainability & Biophilic Design in Real Estate

Biophilic design creates a direct connectivity to the natural environment. If biophilic design is there we can feel nearer to nature. The new generations of home-buyers are the occupiers who prefer quality and sustainability as the key theme that is appealing to the modern buyers. A lot of developers are coming up with properties that have sustainable features, thus promising a holistic living to the residents. Similarly, in the commercial space, global occupiers who are investing in the city are on the lookout for properties that are compliant, sustainable and future-ready. The eco-friendly designs are more sustainable and creating a bond between nature and humans which is indestructible. In Bangalore, architects are steadily and creatively infusing this concept in both residential and commercial buildings. In commercial tech parks, small shady gardens and green corridors are very common which creates a sense of relaxation. In case of residential complexes in Bangalore, bushy gardens with colourful flowers and hedges have become an indispensible part as it provides recreational thoughts and ideas in its dweller’s mind.

Importance of Location for Residential & Commercial Projects

Location always remains the key factor behind the success of a real estate project. Bangalore’s improving infrastructure, connectivity through extension of the metro line and emergence of micro-markets and IT hubs are some of the factors that are driving growth, both in terms of commercial and residential real estate. India’s real estate sector, is positioning it as a linchpin for sustainable urban development with each passing day.

In the Real estate market of Bangalore, everything is available for everyone. If we look at the range, we will see that in Bangalore developers are active on big housing projects, plus they are also catering to the growing demand for plotted developments and luxurious villaments. The suburban markets especially are seeing a lot of plotted developments as people want to buy their second homes in these areas due to open areas, green landscape, and less pollution.

Market Trend of Real Estate Sector in Bangalore

Bangalore is one of the most lucrative investment options, and the most consistent sector of this industry. Bangalore is the IT and startup hub, which is attracting investors from all over the world. Today, buying a home in Bangalore can prove to be a blessing to you instead of paying a hefty rent, which has no return on investment, whereas, if you invest in the property in Bangalore, your property value will grow twice or thrice within 4-5 years. Cushman & Wakefield Residential Report Q3-23 report suggests that this quarter Bangalore witnessed around 9K residential launches and the residential sector of the city recorded a 40% growth as compared to Q3-22. To quote a market report by one of the global real estate consultants, the high-end and luxury segment cumulatively accounted for nearly half of the total launches during the quarter, higher than the 46% share seen in the second quarter. Similarly, the city’s commercial segment is also seeing surging demand as global MNCs are expanding in the city.

Future of Real Estate in Bangalore

Rapid urbanization, supported by government initiatives for affordable housing and the infrastructure development, foretells a sustained demand for urban housing particularly in the employment hubs like Bangalore, Hyderabad, and Mumbai. The robust economic growth projection of 7-8% sets a favorable stage, generating heightened demand across residential and commercial segments. The prospects are very bright. Apart from traditional asset classes, emerging trends around Flex spaces, data centers, warehousing, and others are the areas of high demand for users & investors. Residential sales are expected to grow by 10-12%, and commercial real estate poised for a rebound. The dynamic integration of technology and expert manpower within the real estate sector is emerging as a catalytic force driving growth of the economy. The constant culmination of resilience and innovation is offering a promising horizon in the real estate landscape.