Luxury flats for sale in Bangalore
The Silicon Valley of India, Bangalore, has experienced tremendous growth in the last decade. Post demonetization, the luxury apartment market in Bangalore had turned sluggish with many potential buyers backing off and the overall sales in the segment dipping. However, this year, the market seems to have picked up and developers are coming with new luxury housing projects to meet the rising demand. If you are looking for luxury flats for sale in Bangalore, then keep reading…
Last year, Bangalore was the only city in India which recorded a 45% increase in demand for luxury homes. The rest of the country experienced stagnancy in this segment. Here are some reasons why buying a luxury flat in Bangalore is a good option:
It is healthier – Most of the luxury flats in Bangalore have acres of land marked as open spaces. As commercial and residential developments increase, the city will get cramped for space. However, these apartments will have a healthier and open space around them.
It is better than renting – Bangalore has a high concentration of salaried individuals. Also, many people from different cities move to Bangalore for jobs and business opportunities. Therefore, there is always a demand for houses. If you look at the rents vs. the loan installments, buying a luxury apartment in Bangalore is a better use of your money than paying rent.
Secured – Luxury apartment developers pay a lot of attention to the safety and security of its residents. 24x7x365 security with the latest technological tools ensures that you and your belongings are always secure.
Community Living – Most luxury apartment complexes offer a wide range of amenities like clubs, jogging parks, swimming pools, sports areas, etc. This allows its residents to socialize with each other in a wonderful setup. You and your family can enjoy the true blessing of living in a community.
Strategic Location – Since the developer is charging a premium for the apartments, he knows that the time of its residents would be highly valuable. Therefore, the location of most luxury apartments is chosen strategically in order to make it convenient to travel to major hubs of the city.
Return on Investment – If you are an investor, then this is a great time to buy a luxury apartment in Bangalore. Since the markets have just stabilized, soon the demand for these apartments will increase leading to an increase in prices.
The structural appeal – If you didn’t know, luxury apartments in Bangalore are known for their architecture all around the globe. Don’t believe us. Take some time out on a weekend and take a tour inside any luxury apartment in Bangalore.
If these points have you interested, then you might want to talk to your broker or research online and find some exquisite luxury flats for sale in Bangalore. Good Luck!