Bangalore: A Hot-Spot For Luxury Homes
South India is considered to be the emerging hotspot for luxury homes with several high-end real estate projects being announced in recent times. In South India, the key market for luxury homes is undoubtedly Bangalore or Bengaluru. As one of the booming property markets in the country, it is predicted that a major part of the 1.5 million luxury homes that India requires over the next two decades will be built in Bangalore.
Bangalore Is India’s New Luxury Homes Capital
According to the latest reports, Bangalore is fondly referred to as India’s Silicon Valley and is fast developing as one of the largest markets when it comes to luxury homes. Experts are also of the belief that the garden city is the largest property investment hub for High-Net-Worth Individuals (HNIs). There are many reasons as to why the city is experiencing unprecedented growth in the luxury homes segment. This means that a large number of luxury apartments in Bangalore are being put up for sale now.
First of all, as many as 100,000 employees are being added annually in Bangalore’s IT/ITeS sector alone. Out of this, approximately 5 percent of the employees belong to the senior management category. They are the kind of people who aspire to buy a big home and enjoy a lavish lifestyle. Anyone looking to buy ultra luxury apartments in Bangalore will now many options.
Secondly, the pricing of luxury properties in the city of Bangalore is not only extremely reasonable but also more realistic when compared with the prices of luxury homes in Mumbai and NCR. The properties in the garden city are at least 20 percent to 30 percent cheaper.
Third reason as to why Bangalore is the hotspot for luxury homes in India is that many NRIs, especially those that are holding top jobs in the information technology sector, often prefer to invest here because of the convenience of re-employment and options available. Other reasons include scope for setting up entrepreneurial ventures and the easy availability of a skilled workforce.
As such, many property developers and builders are implementing various projects in Bangalore in order to tap into the demand for luxury homes. Developers are also offering exclusive services and amenities in association with international brands to attract HNI home buyers.
If you are looking for apartments in old madras road, you should surely check out Hebron Avenue, a luxury apartment project of Hebron Properties. The aesthetically designed ultra luxury apartment complex in Bangalore is located close to the city but far from its hustle and bustle. A short drive down the Old Madras Road will take you to this luxury apartment project.