Saturday 7 December 2013

Boom Time for 1 BHK Flats in Bangalore

Are you in search of a property in Bangalore? Are your investment plans hindered by lack of funds?  Do you feel confused about going for a hefty loan? Then, a 1 BHK will be an option worth considering. 

Bangalore is witnessing an increased demand for 1 Bedroom flats from people of different categories. There are various such projects coming up across the city and even outskirts in different size and price ranges.

Bangalore is among the rapidly developing metro cities in India. With the advent of numerous software giants, the economic scenario has undergone a total transformation. The Silicon Valley is also blossoming as a hub for basic as well as professional education. And, high level immigration has been another causing factor behind boom in realty sector.

1 BHK is ideal for students, young couples, small families or working professionals. And, moreover they come at a lesser price and those in two minds about spending a huge amount can go for them.

In the preceding years, such apartments were centered around in emergent places such as Mathikere or, Madivala. However, the last few months saw leading developers coming up with such projects in various places in and around the city.

The luxury apartments in this category are also quite popular. More builders, realizing this trend has launched projects of 1 BHK. Examples include Pashmina, Prestige, Fortune etc.

One BHK homes located adjacent to premier educational organizations, attractions, key areas, transportation are obviously much in demand.

Sometime back, majority of takers for 1 BHK used to be people belonging to low-income group. Not any more, say experts. Many of the current buyers are looking for a viable second-investment as 1 BHKs offer steady rental income. Many are trying to reduce the loan amount by opting for 1 BHKs and the saved amount could go to other forms of investment. And, the changes in lifestyle look at small space as the ideal option.

For more articles on real estate business go through the blog page of Property Ratings and Reviews official website.

1 comment: