"Why Everyone's Rushing to Buy Bangalore Real Estate in 2024: Insider Investment Tips!"
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- เผยแพร่เมื่อ 27 ก.ค. 2024
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00:00 Intro
01:46 Transformation Of Bangalore
03:15 culture and demography
04:58 Real estate market overview
07:50 real Estate Forecast 2024
10:10 RERA
11:47 stamp duty and investment
13:44 Residential And Commercial hotspots
16:20 Industrial investment opportunity
18:40 Reason to invest in Bangalore
23:27 Closing Remarks
In this video, we'll take a look at "The Transformation of Bangalore" - from Garden City to Silicon Valley.
Bangalore is a city that's been through a lot over the past few decades, and the video will explore how and why it has changed. We'll look at the forces that have driven the city forward, and we'll see how Bangalore has responded to these forces. We'll also explore the city's unique history and culture, and the effects of its growth on its inhabitants.
If you're interested in Bangalore's history and future, this video is for you!
Click "NOW" to Connect With Us On WhatsApp
WhatsApp:wa.me/message/TRNSAHEFD2XEA1
Reach out for more details.
Mob No. : +91 90083 95447
Book a call with us: tidycal.com/ownit1st/15-minute-meeting
Instagram:instagram.com/ownit1st_official/
Facebook:facebook.com/ownit1sthq
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Finally someone talked about binnepet area is shit but connnective is good the only reason for growth
Connectivity and location plays an important role in Real Estate
How do you see the growth of area in and around Nelamangala, like new APMC market
"Hello Chandrodaya,
thank you for sparking such an important discussion about Nelamangala's growth, especially in light of the new APMC(Agricultural Produce Market Committee) development. It's a topic with many layers, and I'm excited to delve into it with you.
Infrastructure and Real Estate Growth
Chandrodaya, as you might be aware, Nelamangala is currently under a transformative phase. The Master Plan for Nelamangala 2031 outlines significant infrastructure development, ensuring the region's growth is both sustainable and comprehensive. This is something that will likely impact areas around the new APMC market positively.
Economic Vibrancy and Property Trends
Considering the property trends, residential plots near the APMC market are in demand, reflecting in their price range of ₹30 L to ₹60 L for 1200 sq.ft. It's an indicator of the economic activity and convenience the market brings to Nelamangala, something that might interest you as a potential investor or resident.
The Challenges Ahead
However, it's not without its challenges. Traffic concerns, especially on the Nelamangala-Tumkur Road stretch, and issues like waterlogging and groundwater exploitation are real and need attention. Also, the lack of immediate metro connectivity could be a consideration for many.
A Balanced View
Overall, Nelamangala, particularly around the APMC market, is a fascinating mix of growth potential and present-day challenges. Its strategic location, burgeoning economic activity, and ongoing residential and commercial development make it a noteworthy area for investment. But as with any investment, it's crucial to weigh these aspects carefully.
Chandrodaya, I hope this gives you a clearer picture of what's happening in and around Nelamangala. It's an area with a lot of potentials but also one where informed decision-making is key. Let's keep watching this space for more developments. Your thoughts and insights on this would be really valuable!"
What is the future of Varthur, Gunjur, Sarjapura areas? There are few projects near Domasandra (close to TISB, Greenwood achools) where quoting 10k per sft...is it wise to invest in that locality?
Hello Anil, Those are the end user markets now, demand is stable because of work location in and around, hence attracting both investors and end users, in near future it will become retail, rental and resale market, for more information you can connect with us for updated properties in such locations
Any opinion about plotted developments in Anekal. Liked your analysis in this video. Your input will help. What i have seen is Anekal is the least preferred
Hi Abhi,
Anekal, located around 40km from the Central Business District (CBD) of Bangalore, is gaining popularity as a residential real estate hotspot. The area is witnessing significant real estate activity, particularly along two main stretches: one beginning at Chandapura and going to Anekal, and the other stretching from Bannerghatta road to Anekal.
Several new residential projects are currently under development in Anekal. For instance, Annciya Isha Serene, a prestigious villa project by Annciya Ventures, is expected to be completed by August 2024.
Other under-construction projects include MS Spring Green Meadows, Best Green Orchid, VRR Green Crest, SDMV Elite, Atco La Vivant, and Evo Natura Homes Evo Aeris, among others.
The Prestige Group has also acquired 56.29 acres of land parcels in Anekal for Rs 187.50 crore, with plans to develop premium residential and commercial properties.
The property rates in Anekal have shown an upward trend in the last Year.
In terms of future developments, the approach road to ITPL is opening up, which is expected to further boost real estate and commercial activity in the area[1]. Ground water levels in Anekal are also reported to be good, which is a positive factor for residential development.
In conclusion, Anekal is emerging as a promising area for residential real estate investment in Bangalore, with several new projects under development and positive price trends.
How about Devanahalli surroundings
"Hey there, thanks for your query about the exciting developments in Devanahalli! Situated about 30-35 kilometers from Bangalore city, Devanahalli is truly transforming into a vibrant hub. Let me walk you through some of the key advancements in this area.
Infrastructure and Civic Amenities:
Devanahalli is surrounded by a plethora of essential amenities, making life convenient and comfortable. Schools like Akash International and Gnana Deepa Academy offer quality education nearby. When it comes to healthcare, you have multiple options including Leena Multispeciality and Columbia Asia Hospital. It’s a relief knowing such facilities are just a drive away, isn't it?
Real Estate Developments:
The real estate scene in Devanahalli is buzzing with activity. With over 250 residential projects, including high-end ones like Brigade Oasis and TATA Raagam, the area is becoming a sought-after destination. The connectivity is also getting a boost with NH-44 and the upcoming Peripheral Ring Road. Imagine living in a place that's growing so dynamically!
Economic Developments:
What's really catapulting Devanahalli's growth is the Kempe Gowda International Airport and the surrounding IT and business parks. The development of the airport has sparked a cascade of economic activities, creating a host of job opportunities. It's exciting to think about the kind of transformation ₹20,450 billion in infrastructural development will bring in the next couple of years, especially with the government's focus on attracting FDI and employment generation.
Devanahalli is not just developing; it's evolving into a hotspot for both living and working. If you're considering this area for investment or settling down, it seems like a wise choice given the pace at which it's growing. Would love to hear your thoughts on this!"
@@ownit1st thanks for great explanation.. please do video on Devanahalli development like signature park & all
@@suresh..6659is in the pipeline, you will see it soon 😀
I haved booked a 2bhk property in inside Chuddasandra for 75lakh in the top floor i.e 19.
Should i keep it or cancel the booking as my company is going remote and i will relocate to my state capital near to my hometown.
What should i do with booking.
@sanjan Buy something in your hometown, invest in land and wait for the magic 🪄 good luck
@@ownit1st Thank you. I felt like I found it at a cheaper price, so I thought I would buy it and sell it later. But top-floor places are usually very difficult to sell or rent. Thanks for the advice.
wish happy top floor living. good luck.🎉
@@sand786s still cant decide should i take top floor or not.
don't buy on top floor. there will be water seepage and heat issues.
Next video best area near Bangalore to buy farmhouse
Ok sure
How Bidadi will expand in future? Invested in a residential plot 1500 sqft at 2500Rs per sqft near to TKM plant
Hi Prasad, As per sources Bidadi, located on Mysore Road, is poised for significant expansion in the future, with the government taking active steps to develop the area as a major urban center akin to Gurugram in the National Capital Region. The Bidadi Township project, which encompasses 39 villages and spans 10,000 acres of land, is a key part of this development initiative. The government has upgraded the Bidadi Smart City Planning Authority to the Greater Bengaluru Development Authority (GBDA), which is expected to accelerate the implementation of development plans and land acquisition for the project.
Additionally, the expansion of the Bengaluru-Mysuru Highway to a 10-lane section is likely to spur more development along the main road, potentially transforming the region into a high-tech industry corridor. This could lead to the establishment of industrial townships, multi-modal logistics parks, and residential blocks, further enhancing the area's appeal for investment.
Toyota Kirloskar Motor (TKM) has also announced significant investments in Bidadi, with plans to set up a new plant by 2026, involving an investment of around INR 3,300 crores. This new plant is expected to add an annual production capacity of 1,00,000 units and generate approximately 2,000 jobs. This development is part of TKM's long-term commitment to India and is likely to attract further investments and job creation in the supplier ecosystem.
Considering these developments, investing in a residential plot of 1500 sqft at a price of 2500 per square feet near the TKM plant in Bidadi could be a strategic move. The area's growth prospects, driven by infrastructure projects and industrial expansion, suggest that property values may appreciate in the future. However, as with any investment, it is important to conduct thorough due diligence and consider factors such as the specific location of the plot, connectivity, and the timeline of ongoing and planned projects in the area.
@@ownit1stlocation is LTG INDRAPRASTHA
Upcoming city will be mysore also..
Absolutely Mr. Pradeep,
Mysuru is indeed shaping up to be a major player in the Indian real estate scene. 🏘️ Here's a quick rundown of the latest buzz:
🏠 Residential Scene: Brigade Group is making waves with a luxury housing project poised to rake in about ₹300 crore. This 4-acre development is nestled next to the scenic Mysore Golf Club and boasts a portfolio of over 25 residential projects, including some swanky penthouses.
🚀 Growth Drivers: Mysuru's growth trajectory is skyrocketing with big plans for the airport, a Film City, an international convention centre, and hotels to support these hubs. Plus, plotted developments are hot property thanks to their low investment threshold and quick turnovers, not to mention the city's closeness to Bangalore and its burgeoning IT sector.
🛣️ Connectivity Boosts: The 10 Lane Expressway is a game-changer, set to slash the Bangalore-Mysuru commute to a mere 1.5 hours. And let's not forget the Peripheral Ring Road that's going to make getting around Mysuru a breeze.
💼 Commercial Upswing: The "Beyond Bengaluru" initiative is a strategic move by the state government to foster tech clusters in up-and-coming cities like Mysuru, promising a commercial and industrial boom.
💹 Market Dynamics: Property prices are on the rise, with rents doubling up in recent times. A plush 1BHK in the city's heart could set you back by Rs 18,000 per sq ft. Investment-wise, Mysuru's real estate is thriving, with the residential market enjoying a healthy growth rate of 15 to 20 percent.
💰 Economic Outlook: Mysuru's GDP is currently at about $1.8 billion, and with the domestic airport and other developments in full swing, the city's economic momentum is only expected to accelerate.
In essence, Mysuru is fast becoming a real estate haven, thanks to its strategic position, infrastructural advancements, and proactive government policies. It's a hotspot for both savvy investors and those looking to call this historic city home.
no water in bangalore... hyped prices.. if IT closes here... everything gone
About Bangalore's water scarcity and the potential impact on the real estate market if the IT industry were to decline is a concern that has been raised by various stakeholders over time. Bangalore, known as India's Silicon Valley, has indeed faced challenges related to water scarcity and environmental stress due to rapid urbanization and the growth of the tech sector. Protests over water-sharing and concerns about groundwater levels have highlighted the city's struggle with water management.
However, it's important to note that the IT sector has been a significant driver of economic growth and real estate demand in Bangalore. The city's real estate market has seen tremendous growth, driven by the IT sector, start-up culture, remote work, and infrastructure development. This growth is not solely dependent on the IT industry but is also supported by a diverse economy that includes biotech, aerospace, and other sectors.
Moreover, the real estate market has shown resilience in the face of layoffs and economic downturns, with many companies moving out of survival mode and continuing to operate successfully. The demand for homes in Bangalore has been booming, and the city has been adapting to new trends such as smart homes and sustainable buildings.
While the IT industry is a vital part of Bangalore's economy, the city's real estate market is multifaceted and has the potential to adapt to changes. It's also worth mentioning that the city and state governments, as well as private stakeholders, are aware of the water issues and are working on solutions to ensure sustainable growth and resource management.
I’m from Bangalore. In 2 years all IT companies will give Work from home. Please don’t waste your money. Work from hometown
While it's true that the trend towards remote work has been growing, it's not accurate to say that all companies will transition to a fully remote model. As of 2023, 12.7% of full-time employees work from home, while 28.2% work a hybrid model, and the majority of the workforce (59.1%) still work in-office. Even in the IT sector, which leads in remote work, many companies are adopting a hybrid model, combining both home and in-office working.
As for the impact on the real estate market, the shift towards remote work is influencing the choices that home buyers are making. Bangalore's professionals are opting for homes where the work-from-home experience is more than just an afterthought. This could potentially lead to a shift in preference from expensive city centres to more luxurious suburban areas. However, it's important to note that the real estate market is influenced by a variety of factors, and the shift towards remote work is just one aspect to consider.
In conclusion, while the trend towards remote work is likely to continue, it's unlikely that all companies will transition to a fully remote model in the next two years. The impact on the real estate market is complex and will depend on a variety of factors, not just the prevalence of remote work.
Which one location you are suggesting to purchase home, between Channasandra and Choodasandra.
Im wfh so doesn't matter office location. Which place has future potential for better rent and resale value?
"🏠 Deciding between Choodasandra and Channasandra for your next property investment? Let's compare!
Choodasandra boasts an average property rate of ₹7,025/sqft, with a significant 14.09% annual growth. Rental rates for a 3 BHK here range from ₹56,000 to ₹67,000 per month. Its proximity to Karmelaram Railway Station adds to its appeal, making it a promising choice for higher rental yields and strong resale values.
On the flip side, Channasandra, though lacking specific property rate data, offers more budget-friendly rental options, ranging from ₹11,000 to ₹25,000. It's closer to Bloomers School, making it a preferable choice for families with school-going children.
Both areas have their unique advantages. Choodasandra is for those seeking higher returns and willing to invest more initially. Channasandra is ideal if you're looking for affordability and essential amenities. Visit both to get a real feel of the environment and future potential.
What's your priority? High returns or affordability and convenience? 🏘️"
How about Growth in varthur gunjur road?
The Varthur-Gunjur road area is witnessing an impressive real estate surge! In Varthur, we're seeing a phenomenal 31.8% year-on-year price increase, with prices ranging from ₹2,522 to ₹14,519 per sqft. That's a substantial growth indicating strong investor interest and market vitality.
Moving over to Gunjur, the story is equally compelling. Though slightly more affordable with an average of ₹6,850 per sqft, it's still marking a steady 6.2% annual growth. The diversity in property prices, from ₹18.3 Lac to a whopping ₹10.23 Cr, caters to a wide range of investors and homebuyers.
What's driving this growth? Gunjur's strategic location and connectivity are key factors, coupled with the influx of educational institutions along SH 35, sparking a demand in residential spaces. This area's transformation is further fueled by over 61 new projects in Gunjur Village and 35+ in Gunjur, signaling a robust future for real estate here.
In essence, Bangalore's real estate, especially around Varthur-Gunjur, is thriving, offering lucrative opportunities for discerning investors and buyers. What are your thoughts on this market trend? 🏘️"
@@ownit1st tku for sharing in detail.
You're very welcome! I'm glad you found the information useful. If you have any more questions about Bangalore's real estate or specific areas you're interested in, feel free to ask. Don't forget to subscribe for more insights and updates! 🏡"
Kaya Phil ke ayya ha be it’s nearly impossible to get a property for 14k sqft in Malleshwaram it’s min 16k and for rajajinager is 25k kormangala is 40k where is 14k go get a reality check
Its an average cost of an apartment/sqft, not the land rate
What about kannadigas attacking people from other states on roads and forcing language....
"Karnataka is a state celebrated for its diverse culture, languages, and traditions. While Kannada is the primary language, the state is home to people from various linguistic backgrounds, and this diversity is a source of pride for the region. It's true that language can be a sensitive topic, and there have been instances where language activism has led to heated debates and even confrontations. However, these incidents do not define the spirit of Karnataka or its people.
The state government and various cultural groups often promote the use of Kannada to preserve the language and cultural identity, which is a common practice in many regions around the world. It's important to remember that promoting a local language does not mean excluding others, and there is room for all languages to coexist harmoniously.
Karnataka, especially Bengaluru, is known for its welcoming nature and has been a hub for people from across India and the world, contributing to its status as India's Silicon Valley. The essence of Karnataka's culture lies in inclusivity and respect for all languages and cultures. Let's celebrate this diversity and work towards fostering an environment of mutual respect and understanding."