Bengaluru has emerged as real estate capital of India

According to reports, Bengaluru has emerged as real estate capital of India with the major headlines of the day which dominate on national and international real estate market. Earlier, it was Mumbai, but now Bengaluru has overtaken Mumbai to become one of the most preferred real estate destinations for investment in India, as per the reports of PwC (PricewaterhouseCoopers) and ULI (Urban Land Institute).

Few Major Headlines from Leading Portals:

According to “Emerging trends in real estate Asia Pacific 2016” Bengaluru is one of the most preferred real estate capitals of India, published by “The Hindu”.

We all know that in our country, the major property market includes Bangalore, Mumbai and New Delhi and they are witnessing more appetite from NRIs and foreign investors for investments in real estate market, as per the rankings of these cities as perceived by investors, according to perception study of PwC (PricewaterhouseCoopers) and ULI (Urban Land Institute), published by “Economics Times”. According to reports of Economics Times, the State Government of Gujarat will consult all stake holders such as; real estate developers, while constituting the state RERA (Real Estate Regulatory Authority), as per the statement of Anandiben Patel, Chief Minister of Gujarat.

There are some pockets in Bengaluru residential market such as; Thanisandr and Panathur-Varthur are expected to see price appreciation of more than 55 percent and 61 percent respectively by the end of 2020, as per the reports of Knight Frank Report. A relaxed FDI policy for the real estate sector has reinforced the confidence of foreign investors and has helped the regions in India to become one of the most preferred investment destinations, as per PwC survey, published by “Economics Times”. Ulwe and Madh-Marve in Mumbai are among the top residential investment destination in country as it promise the property price appreciation of more than 70 percent and 90 percent by the end of 2020, respectively as per the reports of Knight Frank India¸ property consultancy, published by “Economics Times”.

BroEx, which is network of real estate brokers stated that it has associated with Rentomojo, which is an online furniture and appliances rental. After this association, BroEx distributed exclusive coupons to its clients on behalf of Rentomojo with an aim to enhance the end customer experience, published by “Hindu Business Line”. Apart from that Hilton Worldwide Holdings Inc. is also pursuing a spinoff of its hotels into real estate market through different investments and it is one of the moves which have become popular among companies who are looking for the way to slim down and boost their stocks, published by “The Wall Street Journal”.