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Bangalore Ideal For Property Investors
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The number of people living in Bangalore is due to rise in the next ten years and there are not enough properties for sale. Pressure on land, queues for planning and restrictions on Town Planning development in Bangalore mean this is already a severe housing shortage - one can describe this as a housing crisis. Only seven percent of properties in Bangalore are 1 bedroom flats, there are massive numbers of single people who want to live on their own or with a partner in their own home. Most flats being built are 2 bedroom flats. Not enough cheap houses are being built. Properties for sale in Bangalore are required by families, wealthy individuals and couples.
US companies has driven many investors and companies to choose Bangalore as a place to make their base and trading in Bangalore has grown because the regulatory environment is less difficult. Many Middle East investors no longer want to use the US after tensions in the last few years, so more money has been entering Bangalore. Bangalore is English speaking and has become a base for a lot of rich individuals who operate their companies and investments from Bangalore. They feel that they can trust the environment and them like the quality of financial services. Also there is very little corruption and poor practice is rare.
Greater demand for Bangalore plots for sale, flats in electronic city, flats in Whitefield, property for sale in Sarjapur road, property for sale in Whitefield, property for sale in Banerghatta road, illustrates the need for more new build homes in the capital. However, there is help at hand, with house builders responding to an increase in sales enquiries by starting to develop more new homes.
The vast mixture of races in Bangalore make international people feels at home. Many foreign billionaires find their tax very favorable within the Bangalore. The law, civil rights and fairness of the society attracts these high net worth individuals. Many foreign billionaires find it an easy way protect their wealth. Bangalore will always be a very popular area for expatriates of all nationalities. The theaters and quality of entertainment is high - it is a fun and prestigious place in which live. It's easy to visit Bangalore and take up residence if you are a wealthy expatriate, the air links and communications with major cities all over the world and countries are exceptional. Because of these reasons there has been a lot of money coming into Bangalore. Most of the money being put into cheap property comes from overseas and considered by many a safe haven.
The growth in population, employment, banking and financial services is massive and has lead strong GDP growth. It's difficult to find statistics but we believe Bangalore's GDP is growing at about 4 percent per annum. If you look at wage inflation running at 4 percent with big city bonuses and very little housing being built, it does not take an expert to work out those prices of property for sale will rise.
The current growth in the Bangalore property market is expected to stabilize in the middle parts of the year and then regaining pace again towards the end of the year. This is all good and well for the Bangalore market, however there are still serious concerns about the rest of the country's property as there is not much growth showing in other parts of India. Let's hope the Bangalore property industry is able to carry the weight of the entire country!
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