Why Bengaluru is a Bottomless Gold Mine for Property Investors
Bengaluru has been adorned with the title of the fastest-growing city. IT-centric growth of the city has augmented the scope of the real estate industry too. Even during the tumulous covid phase, the city maintained the In fact, the city has become a trendsetter in housing — challenging Mumbai and its satellite towns like Thane and Navi Mumbai.
Naturally, the question pops up: what keeps the real estate market thriving all year round? As mentioned above, does the tech explosion in play such a vital role? Is it the sole reason… If not what are the other factors? To answer all the questions popping up, below is a detailed analysis of all the important factors involved in the process.
Buyer Sentiments
Every property market is influenced by three integral factors: 1. Location 2. Inventory 3. Prices. These factors determine the worth of the project and eventually the demand for properties. However, the relevance of that property is different in every city. It is important to note why the buyers incline to certain directions before a [proper analysis. Let’s look at the factors that influence buyer sentiment in the market.
- Demography: Studying demography is vital to understand buyer sentiment in the market. The Silicon Valley of India has experienced mass migration owing to the lucrative opportunities. IT/ITes working professionals are at the top of this list. People earn more and expect a higher standard of living. The city has a large number of buyers who will be owning their first homes. But, these homebuyers have money to invest in the homes, they want special features, all kinds of comforts and at the same time be well-connected to important localities and places. These homebuyers are younger and want to enjoy the finer luxuries of life.
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