Despite the pandemic and subsequent lockdowns, the real estate sector in India recovered quickly and is currently on an upswing. In the last year, the industry has seen rapid recovery, bringing itself back on the path of growth and development. Home buyers are active in the housing market in all areas of the country and the industry is booming currently.
The real estate sector in India is well established and generates the second-highest employment rates, following the agricultural sector closely. Both in the short term and long term, the real estate industry is expected to incur more non-resident Indian investment. In terms of investment by NRIs, Bangalore is one of the most favoured, sought-after housing markets today in the country.
Bangalore has numerous job opportunities, which has been an incentive for a steady influx of new residents into the city. With more and more new residents looking to invest in real estate, the housing market in the city is robust. The city is one of the most sought-after real estate destinations in the country with a rapidly developing housing market.
Pleasant weather and the overall calm and peaceful character of Bangalore have all led to the growth of real estate. The city is endowed with the availability of large land parcels ripe for development around it, fuelling the housing market. In addition, the pleasant weather of Bangalore draws in a lot of new residents looking to set up homes here.
The city also has excellent physical infrastructure with has kept pace with the real estate growth and is constantly developing. In terms of social infrastructure, Bangalore has some of the most reputed healthcare organisations and educational institutions in the country. All of the above factors have contributed to making Bangalore one of the most sought-after housing markets destinations of India.
Prestige Group new launch township The Prestige City.