Any investment professional will tell you that investing in the real estate sector in today’s time is the best decision. The reason is the volatile stock market, the crashing cryptocurrency market, and no positive returns from bank deposits.
Though the real estate market also has witnessed highs and lows in recent times, especially during the covid pandemic, it is still the most stable asset, and its return on Investment (ROI) is the best among all assets in the long term.
Recent reports from market experts suggest that it is the most appropriate time to invest in the city of Bangalore, one of the most happening places in India, thanks to its booming IT industry. Though over the years, young IT professionals have made their homes in Bangalore and prefer to stay in residential apartments close to their workplace, there has been a shift in taste post-pandemic.
Today not only senior and retired citizens prefer to stay in standalone bungalows and houses on the outskirts of Bangalore in peaceful and green surroundings, but also young professionals, as many are working the hybrid work-from-home options. As such, now owning a luxury Villa on the outskirts of Bangalore at affordable prices is no more a dream among the working class.
Here are some key reasons why investing in premium villas in Bangalore is an excellent investment choice
Prime location
Bangalore is booming as an IT hub and in start-ups, ITes, and the media sector. Professionals from all over the country are coming to this city. this has resulted in the city expanding to the outskirts. Various prestigious real estate projects are coming up with excellent connectivity by rail, road, and public transport.
- Fastest developing city
Bangalore is expanding from the city center to Bangalore South, North, and East. Some of the fastest-growing areas like Devanahalli, Bettanahalli, Sarjapur, Electronic city, Whitefield, and Yelahanka. HSR layout has excellent residential plots, apartments, and villas developed by some of the best-known real estate companies. The government has also helped in developing the infrastructure in these areas, providing excellent connectivity through the outer ring road and metro. The development of civic and essential amenities in the outskirts makes it lucrative to buy premium villas built by the best developers at prices that are, in many cases, lower than buying a residential apartment on Brigade Road, MG Road, or Residency Road.
Tax assets
Buying a premium villa is easy, considering the home loans available from banks. Apart from lower initial capital required as margin money, nearly 80% to 85% of the property value is financed at attractive interest rates for tenure as high as 30 years. Also, one can claim tax deductions on the interest paid every year.
Excellent ROI
real estate Developers in Bangalore is known to be in huge demand after the lockdown phase. The potential for appreciation in value is immense, and one can expect decent returns in the long run.
Conclusion
Real estate developers such as Blue Jay have been providing opportunities to property buyers to invest in premium villas in the various projects they are executing in Bangalore.
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