- Appreciation in Housing Prices
Residential houses in Bengaluru would appreciate by 5-7% in housing prices. This is because of the infrastructure that would be developed, and growing demand in places emerging as hubs, such as Whitefield, Sarjapur Road, and North Bengaluru.
- Rise in Demand for Luxury Housing
There is a huge increase in the demand for luxury housing due to higher disposable incomes and lifestyle expectations. This provides an opportunity for an overall increase in the market price of the city for housing.
- Integrated Townships
Integrated townships have all the dimensions of shopping at one place under residential, commercial, and recreational facilities. It attracts home buyers in a lot as they seek a self-sustained way of living.
- Sustainable and Smart Homes
The latest trend among homebuyers is to look for smart technology-enabled homes that are also eco-friendly, and hence there is a growing tendency toward sustainable living.
- Peripheral Development
The periphery is now catching up and emerging as a suitable hub for residential and commercial growth due to enhanced metro connectivity in the northern and eastern parts of Bengaluru and proximity to Kempegowda International Airport.
These trends indicate the dynamism in the real estate scenario in Bengaluru, governed by increased property prices, luxury residential requirements, integrated townships, the preference for a sustainable life and growth in peripheral areas.
