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Growing Bangalore Real Estate
Total Articles: 128
Searching a property in Bangalore comes with many options. People can choose to invest in Commercial or residential property. Property in Bangalore can be bought in terms of land, plots, apartment, flat, duplex, office, godowns, builder flats, independent house, studio apartments in Bangalore. The real estate Bangalore offers plenty options in various budget. While people can buy a property as low as 20 lakhs on the outskirts of the city. The city has no dearth of luxury apartments in Bangalore. People can choose to buy a property in Bangalore that fits their budget and requirements.
Real estate Bangalore has witnessed skyrocketing prices over the last few years due to demand and supply mismatch. The silicon valley of India is an opportunity and employment hub and therefore people from various part of the country and the world live here to earn an living. Real estate in Bangalore has grown tremendously after the city developed as a major metro city. Presence of IT companies and the ancillary industries has fulled the growth of the city. Many companies have shifted their offices to the city due to the cosmopolitan culture and good weather. Also unlike Mumbai, the city has still not reached a saturation level and rentals in Bangalore are still very much affordable.
Real estate in Bangalore is in high demand whether residential and commercial, thanks to the population explosion and lack of space that the city has been witnessing from the last two decade. But the steep rise in prices has dampened the spirit of local people who were keen to buy apartments in Bangalore to earn good ROI and rental income. High property prices have made locals indecisive about their decisions of buying apartments in Bangalore.
But high prices of real estate in Bangalore are also due to problems faced by developers in the region. The developers are facing problems like the stricter land rules, high cost of raw materials, costlier construction materials and labour problems. Another problem rampant in real estate in Bangalore are scams, fraudulence, lack of transparency of land deals, late delivery of projects, faulty constructions and unauthorized constructions. Many people have been duped by such fraud land dealings. To tackle grievances in the real estate the state government should make the system more transparent and new laws should be framed. If land laws are implemented well, the buyers trust can be regained and the change the situation altogether.
Makaan.com is a leading search property site that focuses on apartments in Bangalore. The real estate portal caters to need of buyers, sellers, property agents etc.
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