Wednesday, 7 September 2016

Bangalore Real Estate Sustain Growth Despite Crisis

Bangalore has offered ample development in the past in order to sustain and grow. Nevertheless, the city seems to be showing signals of adversities for situations like overgrowing traffic, alarming infrastructure, poor sanitation, frequent power failure and increasing pollution. "The infrastructure problem is serious here," said chairman and CEO of Wipro, Azim Premji, who even threatened to quit Bangalore in order to find greener pastures elsewhere.

Despite the criticism, Bangalore real estate builders are pulling off the bandwagon. Mantri Realty Ltd, a Sunil Mantri Enterprise, had lately launched five Bangalore property projects. The total land investment in Bangalore is to the tune of Rs 550 crore, a press release from the company said.

A valid spin-off of the IT revolution is indeed one of the main causes for Bangalore to sustain its lead in the property run. The Infosys facility in Electronics City, the Golf View Campus on the Wind Tunnel Road and the Wipro corporate office on Surjapur Road and three of the more visible examples of IT impact on the sector's rising interest in Bangalore properties.

Bangalore real estate builders are gaining an upper edge by offering incentives to the end users. These incentives also include unbelievable tactics like book-a-flat-and-get-a car. This is certainly to encourage a prospective buyer for buying an apartment in Bangalore.

Irrespective of tactics, the revival of demand for quality housing in Bangalore has given rise to builders' marketing quality lifestyle while selling the dreams and aspirations to the end user. No wonder the typical buyer wants to buy apartments in Bangalore that is already in advanced stages of completion before committing purchase.

There is a marked preference for spacious two and three bedroom Bangalore Properties in the 1,000 - 1,200 sqft and 1,500 sqft - 1,800 sqft. Demand is also strong for row houses that combine all the comforts of an independent house with none of the security hassles, with the advantages of community living, for which the user is willing to pay an additional cost.

Bangalore property builder, Sunil Mantri, chairman of Mantri Realty said, "these projects consist of innovative ideas and quality construction. All these projects have been designed by international architects and we want to price it as a premium category and give amenities which make luxurious living a basic minimum standard."

More and more houses for sale in Bangalore are now designed and developed around and the requirements of the end user unlike the end user complying to the designs provided by the real estate builders.

Courtesy By: http://EzineArticles.com/1240598

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