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Is It Right Time To Purchase A Full Of Amenities And Luxury Flat In Bangalore?
The sudden outbreak and unexpected continuation of the COVID-19 pandemic have made investment options risky and uncertain. However, real estate remains to be not only a safe but an excellent pick for aspiring homeowners and real estate investors.
The sales of the best Luxury flats in Bangalore yeshwanthpur have started to recover after a small plunge. Let's discuss if it is the right time to invest in luxury apartments in Bengaluru.
Should you invest in luxury apartments in Bengaluru?
If you're looking for a new home to stay with your family, there's no better option than best Luxury apartments in Bangalore yeshwanthpur.
But a home can offer much more than luxury and comfort.
Real estate magnate Grant Cardone believes that your home can be your bigger asset. And with the demand for real estate in Bengaluru continually increasing, investing in a real estate property is a rewarding decision.
Here are some benefits to purchasing ultra luxury flats in Bangalore.
• Thanks to the increasing migration in Bengaluru, you can find tenants easily.
• Luxury properties are in high demand and command higher rental prices.
• Luxury apartments require less maintenance, thus, less overhead costs.
• Renting out luxury apartments helps you generate passive income.
• Luxury apartments are more affordable and beneficial than villas and houses.
Is it the right time to invest in luxury apartments in Bengaluru?
Well, there's never been a bad time to invest in real estate. Residential properties always offer a consistent appreciation of value, making them one of the safest and most rewarding investment options. But in such times of crisis and uncertainty, the best luxurious flats in Bangalore have emerged to be the best options to buy.
Here's why you would invest in luxury real estate in Bengaluru during these times.
The coronavirus outbreak has shown that liquid assets, like stocks and funds, are highly volatile. They're heavily impacted by what's happening. Real estate, on the other hand, is sterile to most external factors. Therefore, investors are including physical assets, like luxury apartments. Though physical assets may not deliver instant returns, they're ideal for the long term.
As discussed, you should look for investment options that offer stability in these times of crisis. The economy of the country is plunging and the scenarios or plunging. The stock prices are meandering, making new highs and lows every day. During such times, it's essential to find opportunities that offer stable, guaranteed performance.
Luxury apartments in Bengaluru have witnessed consistent appreciation over the past decades. And they're likely to offer higher returns once the economy bounces back.
3. Prices not surging
Purchasing the best Luxury flats in Bangalore yeshwanthpur has always been an expensive business. But if you're on the fence about whether to buy a residential property or not, now is the right time.
Due to the COVID-19 pandemic, the prices aren't rising as rapidly. Once the economy recovers, the prices will skyrocket again. Therefore, now is the ideal time to explore residential real estate properties at exciting prices.
4. Attractive home loan rates
Home loan rates in India have always been high. But the current market conditions have led to a plunge in home loan rates. This means that homebuyers now have more buying power, which they can leverage to invest in the best Luxury apartments in Bangalore yeshwanthpur.
5. The rise of the housing segment
The housing segment is one of the fastest-growing real estate sectors in India. Housing sales in India reached 2.61 lakh units in 2019 across seven major cities, including Bengaluru. Besides, the government's Affordable Housing Fund (AHF) and the National Housing Bank (NHB) schemes have also made buying residential properties favorable for Indian citizens.
This surge in the housing segment in India makes purchasing ultra luxury flats in Bangalore a feasible option for homebuyers and homebuyers.
6. Real estate technology
Technology is becoming the new normal in real estate. The rise of PropTech and ConTech hs changed the way prospective home buyers look at residential properties.
Developers like CNTC India are experimenting with the latest emerging technologies to improve the experience for their customers. Therefore, buying real estate in India has never been more convenient.
How to find the right investment property in Bengaluru?
It's clear that now is the right time to invest in the best luxurious flats in Bangalore. The next big question, however, is how to find the right investment property.
Here are a few tips for selecting the best residential property in Bengaluru.
1. Find growth areas
One common mistake new buyers make is they look for highly developed areas, thinking that the value of their investment will appreciate quickly. This is a wrong ideology. Already developed areas have low scope for appreciation, as the property prices are already too high. Therefore, it's crucial to find locations that are currently developing. In Bengaluru, Yeshwanthpur and Kormangala are the fastest growing areas.
2. Evaluate the amenities
Luxury apartments are largely about amenities. Though location plays a pivotal role, it's the amenities that define the luxury quotient of an apartment. So, always find residential apartments with premium facilities and amenities.
3. Determine your budget
In developed areas, 3&4 bhk luxury apartments in Yeshwantpur Bangalore are priced around INR 8-15 crores. This extremely high price tag inhibits end-users from investing in real estate. However, many developers like CNTC are introducing the concept of affordable luxury in India by offering luxury apartments with global-standard amenities for INR 2.5-5.5 crores only.
CNTC: The Presidential Tower Bengaluru
The Presidential Tower Bengaluru is one of the best picks for people looking for high-return real estate investment options in Bengaluru. Developed by CNTC, the Presidental Tower is a 50-story building accommodating international-standard luxury apartments in Bengaluru.
The tower is located in Yeshwanthpur, one of the most sprawling areas in Bengaluru. Some of the salient features of the Presidental Tower are:
• The tallest building in Bangalore
• Gymnasium, jogging track, golf simulator, and squash court
• Two-tier security
• Home automation with remote access
• Concierge Service with Valet Parking
• 50 floors of 3&4 bhk luxury apartments in Yeshwantpur Bangalore
• Infinity pool, party deck, and Skypark on the 50th floor
And more, for an all-inclusive price of INR 2.5-5.5 crores only.
Visit https://www.cntcindiaprojects.com/ about the Presidential Tower, the tallest building in Bengaluru.
It began with a dream, to transform the world’s skyline CNTC brings that dream to Bengaluru with The Presidential Tower, iconic in stature, the ultimate in best luxury flats in Yeshwantpur, Bengaluru and a jewel in Yeshwantpur – Manhattan of Bengaluru.
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