Buying a new home in a sprawling city promising excellent developments is the best way to make a good investment. The best known city for its impressive real estate market is Bangalore. It is the second best market to invest in real estate after Mumbai. The city is still continuing to grow and make every other city look small in terms of area and economy. The outperforming IT hubs are creating an excellent platform for the professionals. Every year, a huge population of IT professionals migrates to this city to find a promising career. They then decide to settle down.

This is why the demand for new homes has increased considerably. The real estate developers in collaboration with the government are responding well to this situation.

Current market of real estate in Bangalore

2018 earmarked a new era for Bangalore as the policy and regulations were changed to show a positive sentiment. The real estate market started to show an excellent performance and the first quarter of 2018 was quite promising. As per the report from Roof and Floor, the new launch segment showed a steep decline by 29%. It is because the developers are anxious about the empty units and want to sell them quickly. The impact of RERA is also a reason. The latest real estate Bangalore trend showed that the highest number of units sold is 3BHK over 1 and 2 BHKs.

To make it easier for the home buyer in the city, following are the advantages one will enjoy.

• The first quarter or the time between January and March showed a significant development in the real estate segment in the southern cities of India, especially Bangalore. It means that an investment in the properties now will bring a good fortune in the upcoming years.
• Due to the growth in the demand and volume of projects, the competition has also increased. This is why the real estate developers have speed up their process to complete the projects and deliver the residential units quickly. It is also increasing the brand value of the real estate developers in the market.
• The launch of new projects has declined this year.
• Bangalore has created a record growth in the segment of affordable housing along with Chennai.

Trends to follow in Bangalore

The increase in the startup ventures in the IT/ITES segment has pushed the sale of real estate properties in Bangalore. The first quarter of 2018 recorded a housing sale of 11,500 units alone in the city. On the other hand, the supply of completed units is 6800 in the first quarter. Bangalore is currently holding the second position for years in the real estate market after Mumbai. The Bangalore real estate prices have not increased considerably or decreased too. Despite the growth in the possession of residential units, the price has not increased which means that the real estate magnates are trying to clear all the outstanding units first. Now is the right time to jump on the bandwagon and find a property to invest to reap the benefits later.