The ongoing developments across a diversified range of segments in and around the garden city of Bangalore have caused an improved public and societal infrastructure. This has also triggered an unprecedented appreciation in the rents throughout the city especially in regions witnessing noteworthy commercial development.
The premium segment of the real estate markets has gathered the significant attention of the mega riches in the city and the rising demand for opulent housing products such as the luxury 2 BHK villas in Bangalore is a testament to the previously mentioned fact.
A segregated section amongst the affluent classes has also shown interest in the idea of investing in luxury flats in Bangalore due to the growing trends around the apartment concept in the city.
Experts are of the opinion that the ongoing developments around The Real Estate Regulation and Development Act, The Goods and Services Tax and The Benami Properties Act will continue to fuel the demand for real estate offerings to unprecedented levels.
This is a positive sign for the infrastructural development in the region and the garden city of Bangalore is expected to make noteworthy contributions to the overall economic growth of the country.