Large cities with larger populations and less space to accommodate them have no option but to expand. This may be horizontally or vertically. Horizontal expansion is harder and more complicated with city and state boundaries and the lack of availability of construction area. In big cities with space constrains, like Mumbai and Bangalore, vertical expansion is the way to go.
The trend of people building homes and raising families is relatively new in India, the country of joint families and ancestral homes. There has recently been huge growth in selling or renting of apartments. Bangalore, being the IT hub of the country, has a huge population of engineers and other professionals moving in to settle down here. In a populated city with shortage of space to build homes, buying apartments is the best way to go.
Owning property in an ever growing city like Bangalore can never be a bad idea. Real estate gives security as the prices in such cities continue to rise with financial growth and CAGR. It turns out to be a good investment as the trends project that property prices continue to rise. Selling an apartment in about a decade is sure to drive in huge returns while one also has the opportunity to rent it till then. In a city like Bangalore, where someone new is always coming, it is easy to rent out property.
The economic growth in Bangalore is faster than most other cities and this makes it a better city to live in. Being home to the booming IT industry of India, it is better to invest in property in or around the city. It is better than a rented accommodation as the rent can easily be diverted towards EMIs. Also, if the person is to move out of the city, it is possible to have them rented.
When it comes to homes, more the luxury, the better. And where better to find affordable luxury than at La Palazzo. The Sarjapur property is rated high on connectivity, development and availability of public amenities. It is in vicinity of the IT hubs of the city. Residents and real estate experts agree that the location of the property makes it one of the best properties for personal use as well as investment.
Bangalore is home to the largest number of professionals in all fields in India and also one of the highest paying cities in the country. As such, the possibility of buying an apartment is way more as compared to buying bigger properties because of the prices and the unsure nature of life. There will always be someone interested in buying or renting a reasonable apartment in Bangalore. As for having one’s own home in an apartment, one never knows where life is going to take him or her.