5 Key Trends in Bangalore’s Real Estate
Bangalore is a thriving metropolis with rapid growth in its real estate sector over the years. The city's vibrant economy, the influx of multinational companies, and the increasing population have contributed to a dynamic real estate market. The real estate market in Bangalore is experiencing a robust growth trajectory, fueled by the city's strong economic development and its status as a prominent IT hub in India. With a large pool of skilled professionals and a growing middle class, there is a significant surge in demand for housing and commercial spaces. Furthermore, the government's emphasis on enhancing infrastructure and connectivity has amplified Bangalore's allure as a lucrative destination for real estate investment.
One of the notable factors contributing to Bangalore's real estate boom is the wide range of housing options available in the market. From budget-friendly apartments to luxurious homes, the city offers diverse choices to accommodate buyers with varying preferences and budgets. Moreover, developing integrated townships and gated communities has dramatically influenced Bangalore's real estate landscape. These planned communities offer many amenities, such as parks, recreational facilities, shopping complexes, and healthcare centers within a self-contained environment.
Another significant trend shaping Bangalore's real estate sector is the rise of commercial real estate developments. The city's status as the IT capital of India has attracted numerous multinational companies and startups, leading to an increased demand for office spaces and commercial complexes. As a result, developers are focusing on constructing state-of-the-art office buildings that cater to the specific requirements of modern businesses, including amenities like high-speed internet connectivity, flexible workspaces, and advanced technological infrastructure. As a result, the commercial real estate segment in Bangalore is witnessing substantial growth, driven by the city's thriving business environment and the need for expansion among existing enterprises.
Here, we will explore five key trends shaping the real estate industry in Bangalore.
Rise of Co-working Spaces and Flexible Offices:
One of the prominent trends in Bangalore's real estate market is the growing popularity of co-working spaces and flexible offices. Co-working spaces offer affordable and well-equipped office spaces with shared amenities, fostering professional collaboration and networking. With the rise of startups and the gig economy, there is a significant demand for flexible working environments. As a result, the city has witnessed the establishment of several co-working giants, attracting freelancers, entrepreneurs, and even established companies seeking flexibility in their workspace requirements.
Focus on Sustainable Development:
Bangalore has been at the forefront of sustainable development initiatives in India. As environmental concerns grow, developers in the city are adopting eco-friendly practices and integrating green features into their projects. Incorporating solar panels, rainwater harvesting systems, and energy-efficient designs has become commonplace. As a result, buyers and investors are increasingly interested in environmentally conscious properties that offer energy savings, reduced carbon footprint, and healthier living spaces. This trend not only aligns with global sustainability goals but also enhances the overall appeal of real estate projects.
The Emergence of Affordable Housing:
Affordable housing is a critical need in Bangalore due to its growing population and influx of migrants. Real estate developers have recognized this demand and are actively focusing on affordable housing projects. In addition, government initiatives such as Pradhan Mantri Awas Yojana (PMAY) have further fueled the city's affordable housing development. These projects cater to the middle-income segment and provide quality housing options at affordable prices. With favorable policies and financial incentives, affordable housing is witnessing a surge in Bangalore, making homeownership more accessible to a broader section of society.
Tech-Enabled Real Estate Services:
The technological revolution has significantly impacted Bangalore's real estate industry. Property portals, mobile apps, and virtual reality tools have transformed how buyers, sellers, and investors interact with the market. Online platforms offer detailed property listings, virtual property tours, and access to real-time market data, empowering customers to make informed decisions. Additionally, technology-driven services such as home automation, smart security systems, and property management apps have gained popularity among homeowners, providing convenience and enhancing the living experience.
Integration of Mixed-Use Developments:
Mixed-use developments are becoming increasingly prevalent in Bangalore's real estate landscape. These projects combine residential, commercial, and retail spaces within a single development, offering convenience and creating self-contained communities. To reduce commute times and provide a holistic living experience, mixed-use developments integrate amenities such as shopping centers, recreational facilities, and office spaces. In addition, they cater to the evolving lifestyle preferences of residents, who seek convenience, walkability, and a vibrant social environment. This trend is transforming the urban fabric of Bangalore as developers strive to create self-sufficient neighborhoods that cater to diverse needs.
The real estate industry in Bangalore is witnessing significant transformation, driven by factors such as co-working spaces, sustainable development, affordable housing, tech-enabled services, and mixed-use developments. These trends reflect the changing preferences and demands of buyers, investors, and tenants. As the city continues to grow and evolve, stakeholders in the real estate sector must adapt to these trends and embrace innovative approaches that cater to the dynamic needs of the market. By embracing these trends, Bangalore's real estate industry is poised to thrive and contribute to the city's overall growth and development.
Growing Work force and their housing needs
Bangalore has slowly and steadily been growing as India’s IT capital and is even known by the name of Silicon Valley of India. Biotech, BPO, KPO and manufacturing are some of the other industries that are also growing in Bangalore apart from IT and ITES industries. The startup culture is also growing in geometric proportions. With facilities and good growth opportunities for companies, employers are preferring to set up new operations or expand their operations in Bangalore. This also indicates that the work force itself has been steadily growing. A significant population of millennials reside in Bangalore for its employment opportunities. The housing needs are thus growing at a parallel pace. Today’s youth are also very particular about their homes and see it as a good investment in their early years of earning.
Innovative design of housing
With the Bangalore city becoming more and more cosmopolitan day by day, the elite home buyer has more specifications that they look for in homes. Regular and plain homes are not expected anymore. Sustainability is taking a big leap currently. Sustainable homes, smart homes, optimized resource consumption are some of the requirements that a modern householder expects. Apart from that, the need for good amenities is also becoming essential.
Investment in real estate
The modern Indian does not just buy real estate for living. With increasing incomes, the youth are starting to think about long term investments for futuristic returns. Income from rentals of a second home is a concept that is gaining popularity today. Apart from that, folks who may have migrated outside India for work, but look to come back after a certain period, prefer to buy homes as an investment. The option to invest in real estate is becoming a big trend today and it does indeed promise good returns in the long term.
Government improvements in the Real estate industry
Today the Government has come up with many reforms in the growth and development of Bangalore city. Apart from infrastructure development, they are also coming up with guidelines and references to ensure that real estate does not hamper the development of the city, but rather support it sufficiently. Initiatives like RERA ensure that both the consumer and the realtors are protected. It promotes ethical projects and reduces delays. Also, the fact that rules are more stringent especially close to natural water bodies and lakes, ensures that the city does not succumb to the concretization and maintains its harmony with nature.
Shared living and working trends
The increase in the millennial workforce in Bangalore has set off a trend of co-working spaces and co-living spaces. The hybrid work culture indicates a growth in this trend. In recent times, we see a large number of co-working spaces coming up in Bangalore, to support young and developing organizations. This is adding to the commercial real estate segment with innovation in work spaces. On similar lines, the need for co-living spaces and shared accommodations are growing. This helps the young generation to cope with job changes and an initial adapting of the corporate scene.
The above-mentioned reasons see a sharp push for the real estate sector in Bangalore. There would be many positive changes in the near future and an increased demand in the realty segment in the coming days.
Prestige Park Grove
Prestige Park Grove is a premium project to be launched by the Prestige Group in the elegant surroundings of Whitefield. The project is a meticulously planned and exquisitely developed residential property that emphasizes quality and comfort. It is indeed the best project to invest in with guaranteed profits in return for potential investors. Prestige Park Grove is a wise source of investment for investors looking for a good rental and resale value. Every project from this renowned builder comes with a promise of luxury and excellence. Additionally, the project's location is also a good choice as an investment. Prestige Park Grove Floor Plan presents tastefully designed 1, 2 and 3 bedroom homes with avant-garde fitness, recreational amenities, and breathtaking views. Whitefield is a hotspot locality of Bangalore today, and real estate investment is assured of good resale rate. Many people are looking for residences, adding to the value of an investment in property here. Check Prestige Park Grove Master Plan
Prestige Green Gables
A residential project's artistic conceptions outline and unrivaled comforts serve to define it. "Prestige Green Gables" is a model for defining a housing layout with the knowledge and discernment needed to give its devoted occupants an unmatched and unparalleled residential experience. Prestige Groups in South Bangalore's upscale Kadubeesanahalli neighborhood will develop this cutting-edge residential community close to all necessary social and physical infrastructure. The plan is to develop a massive land area with upscale amenities and facilities. Prestige Green Gables will feature opulent residences of various sizes and phases atop high-rise buildings surrounded by greenery, water features, open areas, and flourishing courtyards.
Prestige ELM Park
Prestige Group's Elm Park is a high-end apartment complex in Whitefield, Bangalore's IT epicenter. The project features large, luxurious apartments with ardent designs and international fixtures. The area is a lush 3.98 acres in size. It has 3 towers with a total of 192 luxury apartments. The apartment's square footages are between 1790 and 2575. At Elm Park, you can rest easy knowing that your home is of superior quality and features a luxurious, yet practical, design. The apartments here are well-lit, spacious, and airy, all by Vaastu principles. The right amount of scientific knowledge and creative flair will result in a spacious and comfortable home for you and your loved ones.
Prestige Jindal City
Prestige Jindal City is a 3,571 smart-sized housing development with 32 acres of open space, a wealth of amenities, and proximity to everything you require. Reaching business hubs like the Central Business District, Peenya Industrial Zone, Manyata Tech Park, BEL, HMT, and Electronic City, as well as entertainment and shopping centers and hospitals, is made simpler by being close to major arterial roads. The project's metro station also offers quick access to Bengaluru's north, east, west, and south. This one is one of the projects with the most connections in the city. Yeshwantpur, Rajajinagar, Malleshwaram, Hebbal, Dollars Colony, and other significant city areas are also close to Jindal City.
Prestige Finsbury Park
Prestige Finsbury Park is a neighborhood with available apartments. All the necessities for comfortable living will be provided in this community. The Prestige Group's Prestige Finsbury Park is slated to be delivered in September of 2023. Since the society has registered with the RERA, the state RERA portal contains information about the project as well as other relevant data. This project's PRM/KA/RERA/1251/472/PR/191206/003055 is its RERA registration number. In the northern part of Bangalore, Prestige Group is a well-known name in the real estate industry. As of this writing, the contractor has completed 134 jobs. There are about 14 upcoming projects. This builder is currently working on 23 different projects.
Prestige Serenity Shores
Prestige Serenity Shores is a premium residential project located in the serene and picturesque locality of Yelahanka, Bangalore. Developed by Prestige Group, one of India's leading real estate developers, this project offers a luxurious living experience with a breathtaking view of the serene lake. Prestige Serenity Shores offers a wide range of amenities catering to all age groups' needs. Prestige Serenity Shores offer spacious apartments designed to provide maximum comfort and luxury. The apartments are available in 1, 2, 2.5, 3, and 4 BHK configurations. The interiors are designed to provide ample natural light and ventilation. The apartments have modern amenities like modular kitchens, vitrified tiles, and high-quality fittings. Prestige Serenity Shores is a luxurious residential project that offers a perfect mixture of comfort, luxury, and convenience. The project is designed to provide a beautiful living experience with a breathtaking lake view. With its luxurious amenities, spacious apartments, and prime location, Prestige Serenity Shores is an ideal choice for a premium living experience in Bangalore.
Prestige Lakeside Habitat
The Prestige Group's Prestige Lakeside Habitat is a sprawling, high-end community with a picturesque view of Varthur Lake. Over 102 acres, it can be found on Whitefield-Sarjapur Road and features 1, 2, 3, and 4-bedroom luxury apartments, as well as 271 luxury villas with private gardens. Each of the 3,697 homes in the township was built to provide you with a magical place to live. Living here is a fascinating experience thanks to the atmosphere and the people. Prestige Lakeside Habitat's enormous 80-acre open space is one of its most alluring features. This is much more than just a breath of fresh air. It's difficult to think of another building or complex that offers such a large open area. You will feel an ethereal, magical atmosphere that is both captivating and comforting wherever you go.
Prestige Meridian Park
Prestige Meridian Park is ideally situated in Ittangur on Sarjapur road in Bangalore. It is the futuristic residential development cluster. Meridian Park takes up a massive 18.2 acres of the town's total land area. The cluster features luxurious 3 BHK apartments spread across 16 towers that are works of art in their own right. These towers, which are ground-plus-31 stories tall, dominate the landscape with their 2,900 luxurious residences. The square footage of these three-bedroom, three-bathroom apartments varies between 1,387 and 1,865.
The Prestige City
Prestige City is a massive project by Prestige Group that covers an area of 180 acres. Located on Sarjapur Road, East Bangalore, it is an integrated township that offers modern living with exceptional amenities. The project has been designed to cater to every need of the residents. It includes residential apartments, villas, commercial spaces, and retail outlets. The architecture is avant-garde and boasts futuristic designs. The lush greenery surrounding Prestige City creates a serene environment for peaceful living. In addition, the community has ample open spaces for recreational activities, such as parks, playgrounds, and gardens. Prestige City also provides excellent connectivity options with easy access to major highways, making commutes easier for its residents. It's no surprise then that this township has become one of the finest destinations in East Bangalore! Investing in a Prestige project in East Bangalore is an excellent option for anyone searching for luxurious living with modern amenities. The projects mentioned above are some of the best options, offering premium features and a comfortable lifestyle.
Prestige Waterford
Prestige Waterford is one of the most sought-after residential projects in East Bangalore. This project is located in Whitefield and offers its residents a blend of luxury and comfort. Spread over 16 acres of land, Prestige Waterford features spacious apartments with modern amenities. The project offers 3 and 4 BHK apartments ranging from 1775 sq. ft to 3695 sq. ft. The apartments are designed with ample space for natural light and ventilation, which provides a healthy living environment. The interiors are thoughtfully crafted with elegant finishes that give an upscale look to the overall design. Prestige Waterford boasts several world-class amenities such as a swimming pool, gymnasium, clubhouse, landscaped gardens, children's play area, and more. These amenities provide a luxurious experience for residents who can unwind after a long day at work. In addition, the location adds another feather to the cap as it is situated in Whitefield- an IT hub that houses some of the top companies in India. This makes it an ideal destination for professionals looking for comfortable homes near their workplaces.
Prestige Primrose Hills
Prestige Primrose Hills is a fantastic ongoing apartment enclave by Prestige Group conveniently located on Kanakapura Road in South Bangalore. Prestige Primrose Hills Phase 1 has 1 and 2 BHK homes, while Phase 2 has spacious 3 BHK homes. 1680 units on 15 acres. Set in 15 towers, each with 14 floors and 1 or 2 bedrooms. A 1 BHK apartment starts at Rs. 35.45 Lakhs. This low-cost apartment marks the entry of a prominent builder from South India into the Bangalore affordable segment. This upcoming apartment project offers a tranquil, high-end lifestyle that meets your preferences and expectations. This property spans 15.93 acres of land and will define the term "home sweet home."
Prestige Golfshire
Prestige Golfshire, sprawling across 275 acres against the backdrop of the beautiful Nandi Hills, is Bangalore's finest golf resort. It features ultra-luxurious independent villas, a 300-bed luxury hotel, a private lake, and the pièce de résistance, an 18-hole championship golf course, all of which are dedicated to perfecting the art of luxurious living and a culture of leisure. Prestige Golfshire is conveniently located between Bangalore's bustling downtown (a 45-minute drive away) and the city's brand-new international airport (just 10 minutes away). Outside your private mansion in Prestige Golfshire is a challenging 18-hole course designed by PGA Design Consulting, so you can't avoid the temptation of the sport any longer.
Prestige Park Ridge
Prestige Park Ridge is Prestige Groups' newest residential development. The site features high-rise towers with 1, 2, and 3-bedroom units. Get ready to move into a luxurious community that offers the finest accommodations in an ideal setting. Park Ridge, located on Bannerghatta Road in South Bangalore, is the gateway to your ideal environment. The apartments are available in a range of sizes and costs. The site's design and content are meant to convey an air of calm and abundance. The homes in Park Ridge have large windows and balconies to let in plenty of natural light and fresh air. All necessary directional alignments and symmetrical balances, as outlined by Vaastu, are included.
Prestige Southern Star
Begur Road in South-East Bengaluru will soon be home to Prestige Groups' massive residential township project, Prestige Southern Star. This development is the newest of the city's "Prestige" projects. There are many different-sized and priced luxury apartments available in this Township. The property has tall towers with a variety of unit sizes, from 1 to 3 BHK. Site character is embodied by vast swaths of verdant greenery surrounding the high-rise apartments. This upscale neighborhood is lined with mansions and has all the trimmings. The Bengaluru-based Prestige Group is well-known in the real estate industry. The company was founded in 1986. The company's name has been around for three decades. It has proposed over 270 projects totaling 150 million square feet to the SBA. More than five thousand satisfied families have been served by the Group.
Prestige Roshanara
Whitefield, Bangalore is home to Prestige Roshanara, a cutting-edge new community. Beautifully designed 1, 2, and 3 BHK luxury apartments can be found in this Prestige Group development. The development provides high-end housing with access to both urban conveniences and natural beauty. The world of Roshanara is one of happiness and ease. The apartments are made to provide coziness and warmth. The 1 BHK apartments are neat little houses with well-thought-out floor plans. Small families will feel right at home in one of the 2 BHK units. The 3 BHKs are spacious and comfortable. The layout provides for efficient utilization of area in all sizes.
Prestige Willow Tree
Prestige Group is one of the leading names among the country'scountry's builders. They have been dominating the sector of new-age construction technologies, fulfilling a wide variety of residential properties, from apartments to villas. The Prestige Willow Tree in Vidyaranyapura, North Bangalore, is a beautifully designed project in Bangalore. Being located close to the International Airport, Prestige Willow Tree will also be a beautiful project to invest in. The residential project also has excellent amenities.
Prestige Eden Park
Furthermore, Prestige Eden Park is a stunning undertaking. The prestige group will soon begin work on this residential building. It can be found on Sarjapur Road. One of the city's most developed neighborhoods is this one. 9.7 acres make up its size. The apartments are roomy. Prestige Eden Park has a total of 2217 units. They provide the finest neighborhood and landscaped gardens. You will undoubtedly have a rich life experience thanks to it.
Prestige Kew Gardens
A high-end housing development is the exclusive Kew Gardens. It offers large flats. It is in the Bangalore suburb of Yemlur. 15.74 acres make up its whole area. The initial outlay is 40.17 lac rupees. In 2019, the units were completed.
Prestige Silver Sun
A completed condo is called Prestige Silver Sun. The Outer Ring Road, Sarjapur, and Marathahalli are all close by. This is in Bangalore's East. It is a 3 BHK apartment with a 2 BHK. It is a region with development. The area of the prestige silver sun is 1221–1949 square feet. The starting price for this apartment is Rs. 1.15 crore and beyond. Many amenities are available here, including a clubhouse, a gathering space, and swimming.
Prestige Sunny Side
Bangalore is situated on the Marathahalli-Sarjapur Outer Ring Road. The flat is ready for Sunny Side Prestige to move in. It occupies an area of 3.8 acres. 1370 to 2439 square feet are available in various sizes. At this location, the cost is Rs. 67.82 lacks. An apartment measuring 2439 square feet costs Rs. 1.21 crore. The amenities and infrastructure of Sunny Side Prestige are excellent.
Prestige White Meadows
One of the most well-known home builders is Prestige Group. The Prestige Group's best project is Prestige White Meadows. Prestige White Meadows in Whitefield comprises four structures and more than 60 villas and bungalows on one of the prettiest hills in the city. Due to its various amenities designed to international standards, Prestige White Meadows is one of the finest residences in Bangalore.
Prestige Aspen Greens
The stunning villa neighborhood known as Prestige Aspen Greens is situated in the city's biggest township, The Prestige City municipality. This collection of villas is part of the 180-acre Prestige City development and sits on a 20.3-acre block of land with numerous four-bedroom homes. Available space ranges from 3344 to 3612 square feet. There are around 149 apartments at Prestige Aspen Greens.
Prestige Lavender Fields
Prestige Lavender Fields is a luxurious residential project located in the serene surroundings of Budigere Cross, East Bangalore. The project offers spacious, well-designed apartments with state-of-the-art facilities that cater to the needs of modern-day living. The architecture and design of Prestige Lavender Fields are inspired by French-style villas, giving it an elegant and sophisticated look. With over 60% open space, residents can enjoy the lush greenery and fresh air while relaxing or simply unwinding amidst nature. The apartments at Prestige Lavender Fields are designed to provide maximum convenience to its residents. Apart from providing world-class amenities within its premises, Prestige Lavender Fields enjoys excellent connectivity to all parts of Bangalore through major highways like Old Madras Road & Outer Ring Road, making commuting hassle-free for its residents. If you're looking for a luxury home surrounded by peace & tranquility in East Bangalore, Prestige Lavender Fields is worth considering!
