India’s property market is performing well after the sluggish downturn it had witnessed in the last few years ago. Even in the global meltdown period, India has seen quite robust growth as compared to other economies. As it has been so resilient, there are many investors looking towards India as an investment destination. Several institutional investors feel that India has a high potential for growth in the coming years. Bangalore is one such city that adds to the growth story of India. The city has been featured as the first investment spot in India. Therefore, there are many homebuyers interested in buy property in Bangalore.
The biggest contributors to this city’ growth are the mushrooming IT and BPO sector. This revolution has changed the dynamics of the city. There is perpetual demand for both the commercial and Luxury property in Bangalore. There is a huge demand by the international companies for the commercial spaces in the city.
Some of the eminent commercial buildings that are coming up in Mumbai are as follow-
- Vishwas Majestic Heights– Vishwas Majestic Heights is a commercial complex, which is placed at the centre of the city with a multiplex. This multiplex has created an excellent investment opportunity for the investors for rental with a lease period of 20 years and locking period of 15 years. The built up area is between 500-10, 00, 00 square feet. The sale price range of the property is Rs 60 Lac – 120 crores. The size of the property is at Rs 12,000 per sq ft.
- Office space in IT park in HVP crest, Whitefield– This area is very well connected to the IT hub of Bangalore. The famous Shantiniketan Mall is located adjacent to this property. This property is ideal for the rental purpose. The booking amount of this office space is Rs 10, 00, 00 per sq ft. The selling price of the property is Rs 3 crores with price range within Rs 5250 per sq ft. The total built up area is 5000 sq ft.
- Commercial showroom at Indira Nagar, East Bangalore– This is a standalone commercial property on the 100 feet road and is closely located to the restaurant Barbeque Nation. This property is located at the Indiranagar. The total built up area is 25003.0 sq ft. The sale price of the property is Rs 40 crores at size Rs 15,999 per sq ft.
The increased popularity of the commercial properties in Bangalore will surely attract many companies in the near future as well. These companies will create more job opportunities, which will also boast the residential projects in Bangalore.