The rapidly-developing Indian IT and start-up culture has changed the label of Bangalore from a retirement city to Silicon Valley. The city has a large number of jobs available, which has attracted a large new resident population into the city. Bangalore is today one of the premier destinations for individuals from the rest of the country and even the world.
Bangalore is today teeming with modern, tech-savvy professionals who have flocked here in search of jobs and a better lifestyle. In terms of urban agglomeration, the city is the fifth most populous, with a metropolitan population of about 11 million. This large increase in the population of Bangalore has resulted in a boom in the residential real estate market here.
The new population of Bangalore is composed of cash-rich individuals who are now on the lookout for residential real estate. As a result, the residential real estate market of the city has experienced phenomenal growth in the past few years. With tech parks mushrooming in every zone, the city is expanding in every direction as residents move into newer areas.
Copious amounts of space – With work from home becoming a reality in today’s times, buyers are now actively looking for residences that are spacious. With work-life balance becoming a priority, it is important for individuals to have space for home offices within their homes. Investors today are also looking for residences that provide all members of the family with ample space to thrive in.
Today, these discerning home investors show a trend of choosing a property in mixed development projects over traditional apartment complexes. A seamless amalgamation of residential real estate and commercial development, these are self-sufficient townships that meet their resident’s every need. There are several elite and luxurious township projects currently underway in Bangalore, and the modern investor is spoilt for choice.
Mixed development projects are new-age, holistic townships that provide the residents with every modern facility and convenience within their premises. These projects provide peaceful, harmonious, and stress-free living conditions for the residents and are almost like mini-cities within the city. Investing in a home in a mixed township project will ensure a high-quality and comfortable lifestyle for every family member.
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