Rents double in Bengaluru as engineers fight for flats

Bengaluru, the capital of Karnataka state is home to over 1.5 million workers including those for global firms like Alphabet Inc.’s Google, Inc., Goldman Sachs Group Inc. and Accenture Inc.

The real estate market in India’s technology hub, Bengaluru, is rapidly gaining momentum as an attractive investment opportunity for those looking to buy plots of land or invest in the housing market.

Rents in the city have nearly doubled since the start of last year, making it the hottest residential market in the country. Bengaluru is home to over 1.5 million workers, including employees of global companies like Google, Amazon, Goldman Sachs, and Accenture. However, during the pandemic, many workers left the city, causing rents to decrease. With the city’s private sector stirring back to life, landlords are now looking to recoup their losses, leading to a surge in rents.

The real estate division of Shanders projects has identified this demand and offers secure and customizable plots of land, providing investors with the opportunity to buy a plot and villa at the price of a 3BHK apartment. Shanders projects have all the necessary government and statutory approvals, making it an attractive option for those who want to invest in a freehold property. The division has been established to solve the housing needs of the urban middle class and migrants who are looking for a place to call home.

Bengaluru is divided into three concentric rings, with a plot of land available at the right price for anyone looking to invest in the city. Shanders projects offer a unique opportunity to customize the design of your home from 800sqft to 3600sqft built-up area. The rapid growth of the real estate market in Bengaluru has led to a highly competitive race to secure a home. Estate agents and ultra-picky homeowners are demanding LinkedIn profiles and resumes from prospective renters, and there is a shortage of supply due to construction grinding to a halt during the pandemic.

Despite the challenges, Bengaluru remains an attractive location for real estate investors due to its booming economy and private sector, making it a seller’s market. With all the necessary government and statutory approvals and speedy home loans, Shanders offers the perfect opportunity to invest in a secure and customizable plot of land, allowing buyers to move in with complete confidence. Don’t settle for a flat, invest in your own villa, and make your dream home a reality in Bengaluru.

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