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Why Bangalore for Residential Market?

Bangalore, the capital city of Karnataka, is the best destination to reside and settle owing to good market drivers, IT and ITES sector. The city, which also the Silicon Valley of India, has witnessed remarkable migration over the years. Residential sales have seen 9-10% growth despite subdued markets. At the same time, prices have not only been largely scalable, but also few regions have witnessed a considerable rise in price due to the presence of restricted number of players. According to Cushman and Wakefield, Bangalore has been a stable market that has experienced capital appreciation.

Bangalore provides an investment option for investors seeking for a less volatile market with a long-term horizon. There is minimal loss of rental income as duration to identity or replace tenant is low. Experts say Bangalore doesn’t have a very high percentage of unsold stock compared to many other Indian cities. The property portal, proclaims that in the last one year, Bangalore has seen relatively quicker absorption and the total number of unsold housing units has reduced. Whether Bangalore is a right place for residential market? Experts have different opinions. 

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