![]() This has pushed up the demand for homes and villas. But with the success of the vaccination drive, offices, especially Multinational Corporation companies are asking employees to return to the office and work in either hybrid mode (with 3 times office visits) or to return to work fully. Read more 9 is no longer a global pandemic, although cases of infection are not unheard of still. Carrying on the same line of thought, the supply side witnessed a growth of around 6.7% and the growth of the average villas rate saw an increase of 1.6%.Īs per expert opinion, it can be assumed that COVID-1. Another factor that has worked in favour of the real estate surge in Bangalore has been the active role played by millennials in the mushrooming of multiple start-up ventures with due encouragement from the Government of India.Īs per the PropIndex report released by MagicBricks, the Bangalore housing sector saw an 18.8% growth in demand in quarter two of 2022. This has been driven by the hybrid work culture which necessitates the need for space and a quality lifestyle of every buyer. When you reside in a villa in Bangalore you get the opportunity to enjoy the luxurious life in a city that has topped India’s Ease of Living Index Report in the year 2021.Īfter battling the COVID- slump in the real estate sector throughout the country between 2020-2021, things are really looking up for Bangalore with a significant rise in demand for 2/3/4 BHK villas in the city (both buy and rentals). There is also an increase in demand for high-end properties including villas. Housing options are rising for both buy and rentals. ![]() Thus, it is no surprise that the real estate market in Bangalore is highly competitive owing to the high demand for villas. Read more Silicon Valley of India.ĭue to its moderate climate, sustainable quality of life and excellent work opportunities, more and more people prefer to migrate to Bangalore every year from other cities in India. Bangalore has been the key contributor for India’s information technology export service sector thereby earning for itself the tag of. The city is situated on the Deccan Plateau, the oldest land in India with a pleasant climate and picturesque landscapes. ![]() With a population exceeding ten million, the capital of the Southern State of Karnataka is a megacity and also the city with the fifth highest urban conglomeration in the country. Bangalore, now officially known as Bengaluru, (since 2006) is the third most populous city of India.
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