Bangalore- A hot destination for Commercial Real Estate
When it comes to the country’s corporate real estate market, Bangalore has been one of the leading cities in terms of increase in the number of office spaces as well as its occupancy.
Be it banking, research, and development, aerospace, information technology, or any other sector, Bangalore as a city has seen constant growth in all these key areas. And, this is just the beginning as the Garden City will continue emerging with IT companies, startups, e-commerce companies that will add up to the city’s commercial real estate prospect.
The first quarter of 2021 has seen steady growth in office leasing activities throughout the city.
Coming to retail, Bangalore leads in per capita brand perception compared to the other metro cities. The city also witnessed a 57% growth in residential sales in the first quarter of 2021.
Here is how you can select the best commercial real estate.
There are various aspects involved when it comes to select an ideal commercial real estate, especially the ones that have an investment expense. The factors mainly include what is the commercial activity, who are the target customers, connectivity, nearby proximity, transport facilities, etc.
To have proper commercial real estate needs a lot of planning and research.
While talking about the residential sector, reports say that property searches have increased by 30-40% when compared to the pre-Covid market.
Bangalore has proven time and again to be one of the best cities to contribute to the economic growth of the country. Be it commercial or residential, the IT hub never fails to surprise us with its capability and power to be considered among the top metro cities of the country.