The premium segment in the Bangalore real estate market is ever evolving. From large studio to premium single bedroom apartments, the micro market creates ideal opportunity for investing in the sprawling city. These properties with flats specifications have gained wide spread acceptance in the middle class segment. If you are looking for high return and low risk option then 1 BHK flats in Bangalore is the right investment decision.
1 BHK Flats in Bangalore : Creating Safe and High Return Investment Option in India
Bangalore called as the high tech city India has witnessed fanatic growth over the last decade, and is continuously expanding at the fringes. The micro markets here are thriving and properties have experienced good price appreciation ensuring higher return to the investors. Presence of fine infrastructure with enhanced connectivity has led to rapid IT/SEZ growth in Bangalore and its vicinity. The city saw gross leasing of 0.2 million square meters in 1Q16.
Increasing investments in infrastructure and foreign projects has led to economic growth as well as rise in demand for apartments and penthouses in the city suburbs. The option for 1 bedroom apartment make easy investment choice in the southern city. Working professional prefer investing in studio and 1 BHK flats in Bangalore for being easily affordable. The price of 1 Bhk flats is comparatively lower than the 2 & 3 Bhk units available in the micro market. These smaller units get buyers easily which makes sale quick. Similarly, these offer good rentals as most students and working professionals staying away from their families find them opt for them for their accommodation. It is also seen that people owing smaller residential units have to pay less property tax.
Apart from this, the maintenance cost charged is very less for this type of properties. So these help save people a lot of money. Another advantage of investing in smaller units is that if you are planning to buy 1 bhk property then the loan amount and the interest charged are quite lower. Smaller interest charges can be paid easily, thus enabling you save on money. Home loan for one bedroom apartments is much easier to get in comparison to big apartments and individual houses. upcoming projects in Kolte Patil iTowers Exente Electronic City, Bangalore offer 1 BHK flats for sale in the most sought after locations around the city.
These houses are semi or fully furnished single bedroom, penthouses or studio apartment properties in the gated community. As the city is filled with working professionals as well as students hence investing in such a property will be surely beneficial. Bangalore has fast emerged to be a promising real estate market. The city generating more than 1 lakh employment opportunities every year has intensified scope of appreciation in both capital as well as rental markets. So it is the ripe to invest in India's Silicon valley of India.