Answers ( 2 )

  1. East Bangalore is one of the best places to invest in real estate. There are several employment hubs like the IT, SEZ and is a huge Business Centres. Due to the COVID-19 outbreak, the market conditions have become uncertain, because of this property demand has gone down. So the builders have reduced the property prices and are giving good offers on purchase of flats and apartments.

    Major hubs of real estate like Mumbai, Bangalore and Delhi have seen up to 20% downfall in property prices. Many builders in Bangalore are not charging on the floor rise in high-rise apartments. Plus the demand is quite low, so you have a great chance of negotiation.

    Though the market is down currently, it said that the fastest city to make a comeback in the real estate space is going to be Bangalore. With all the other activities normalizing, soon the real estate will also gain traction.

  2. Most of the IT companies in Bangalore are concentrated in East Bangalore along the Outer Ring Road. Bellandur – Marathahalli – KR Puram Belt, Whitefield and Electronic City. These tech parks include RMZ Eco-space, Prestige Tech Park, Bagmane World Technology Centre, Bagmane Tech Park (CV Raman Nagar), Embassy Golf Link,Global Technology Park, many tech-parks of Whitefield, IT companies like Samsung, Walmart, Cisco, Intel, JP Morgan and so on are are situated in East Bangalore.

    Hence, there will always be a demand for rental apartments and the rent returns would be mostly on the higher side due to proximity to tech-parks. Many IT employees prefer to stay close to their workplaces to reduce the commute times.

    One flip side could be that in next 10-15 years this area would be completely saturated and the scope of growth would shift to North Bangalore.

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