Is buying an apartment a good investment in Bangalore?

 

Photo by Yash Parashar on Unsplash

Bengaluru real estate: The ideal buyer’s market

Famously known as the ‘Silicon Valley of India’, Bengaluru (Bangalore) is not just a tech hub, but also a thriving metropolis that blends innovation with tradition.

Over the years, the city has grown exponentially, attracting professionals, entrepreneurs, and investors across India. This rapid development, coupled with its robust infrastructure and vibrant lifestyle, has made it one of the most sought-after destinations for real estate investment in the country.

Here are a few reasons why you too should consider buying a home in the city:

Advantageous location:

Strategically located in the heart of South India, Bengaluru enjoys connectivity with major Indian cities and acts as a gateway to prominent southern cities like Chennai, Hyderabad, Kochi, etc.

via road, rail, and air networks. The city’s relatively high altitude ensures pleasant weather conditions throughout the year.

Its proximity to key industrial corridors and its role as a significant IT and startup hub further enhance its appeal in the real estate market.

High rental yields:

Bengaluru’s industrial and IT sectors attract scores of professionals and students, driving constant demand for rental properties.

The presence of reputed tech giants and the booming startup ecosystem in the city ensures a steady influx of high-paying tenants.

Bengaluru offers some of the highest rental yields in the country, driven by the property’s proximity to major tech parks and robust social infrastructure.

This makes the city a highly lucrative market for homeowners seeking to maximise their returns.

Expanding infrastructure:

Bengaluru’s rapidly expanding infrastructure is another key factor driving its real estate market.

Significant infrastructural mega-projects, such as the expansion of Namma Metro, Peripheral Ring Road project, elevated corridors, and Satellite Town Ring Road project have been proposed to optimise inter and intracity travel.

This, along with smart city initiatives and prominent public and social amenities ensure a vibrant and well-balanced lifestyle for the residents, while also adding value to the city’s real estate.

Favourable market conditions:

The city’s real estate market is poised to be a profitable venture, supported by strong demand, steady price appreciation rates, and favourable economic conditions.

Bengaluru offers a range of investment options, from affordable housing to luxurious residences suitable for various budgets and needs.

Government initiatives like reduced stamp duties relaxed FDI norms, and infrastructural proposals add value to the market. All these factors combine to form an ideal environment for real estate investment with attractive returns.

So, tap into Bengaluru’s real estate potential with Parkwest 2.0 by Shapoorji Pallonji Real Estate (SPRE).

Located in Binnypet, this landmark development is spread over ∼46 acres with ∼75% open spaces and world-class amenities, offering luxurious 2 and 3 BHK residences in the heart of Bengaluru.

With excellent connectivity and urban conveniences in the lap of nature, enjoy the best of both worlds with SPRE. Experience an elevated lifestyle with their newly launched Tower Sequoia, at Parkwest 2.0.

To know more about their 2 and 3 BHK residences, click here — https://shapoorjirealestate.com/residential/parkwest-20/

Why must NRIs consider Pune for investment?

 

Pune: The NRI guide to the perfect realty investment

As one of India’s most dynamic and rapidly developing cities, Pune has emerged as a real estate hotspot, especially among Non-Resident Indians (NRIs).

The city’s cultural and economic context, favourable market conditions, and supportive legal and management frameworks have made it a prime destination for NRI investment.

With the ever-appreciating dollar, here are a few reasons why NRIs should consider using their disposable income in this lucrative market:

Strategic location:

As a key economic node close to Mumbai and connected to major Indian cities, Pune’s location significantly enhances its real estate appeal.

It enjoys excellent connectivity via road, rail, and air, with easy access to other important industrial, commercial, and IT hubs.

Its booming job market, rich cultural heritage, and proximity to popular tourist attractions ensure a well-balanced lifestyle for its residents.

Promising rental yields:

Being an educational, IT, and industrial hub, Pune attracts scores of migrants seeking educational and employment opportunities.

Often dubbed the ‘Oxford of the East’, Pune is home to several prominent academic institutions such as Pune University, Symbiosis International University, and National Institute of Technology.

It is also one of India’s largest automobile manufacturing and IT hubs, housing reputed companies like Infosys, Wipro, Accenture, etc.

These factors have helped establish Pune as a sizable rental market, with rising demands and appreciating prices.

Expanding infrastructure:

Another significant driving force behind Pune’s booming real estate market is its rapid infrastructural development, including large-scale public transport projects like the Pune Metro, the proposed Ring Road project, and the expansion of Pune International Airport.

These projects will increase inter and intra-city mobility, making the city and its suburbs easily accessible. They also increase demand and price appreciation in the real estate sector, making it a lucrative investment opportunity.

NRI-friendly frameworks:

One of the factors discouraging NRIs from investing in the Indian real estate market is their inability to be involved in the buying and property management process firsthand.

However, with Pune’s NRI-friendly tailored property management networks, they can rest assured that all their headaches will be swiftly and efficiently resolved.

Since the RERA Act of 2016, the real estate market has evolved into a transparent and investor-friendly environment, with a supportive legal framework that safeguards their interests.

These factors, along with the city’s affordable and appreciating property rates make it a profitable investment for NRIs.

Attractive properties in Pune:

So, unlock Pune’s real estate potential with Joyville Homes! Their strategically placed and highly sought-after homes offer elegant living experiences with excellent connectivity, holistic living, and world-class amenities.

Explore their affordable 2 and 3 BHK homes in Hadapsar at Joyville Hadapsar Annexe and Joyville Celestia; or know more about their premium 3 BHK Duplexes with family rooms at Joyville Sky-Luxe Edition.

Enjoy the best of both worlds in spacious but affordable 2 and 3 BHK flats in Hinjawadi, at Joyville Sensorium, nestled on the banks of the Mula River.

To learn more about Joville Homes properties in Pune, click here — https://www.joyvillehomes.com/

Is Virar West a good place to live?

 

Virar West: Quality living at pocket-friendly prices

With Mumbai’s rising real estate prices, buying a home in its suburban neighbourhoods is an increasingly popular trend.

The northern suburb of Virar, especially its western neighbourhood, is one such residential hotspot, boasting spacious homes at affordable prices, vast green spaces, historical tourist attractions, and favourable investment opportunities.

Here are a few reasons why you should consider buying a home in this upcoming locale:

Affordability:

Virar West has quickly developed into a residential hotspot due to its attractive real estate features. The locality offers the dual benefits of spacious homes and pocket-friendly prices, making it a favourite destination for first-time buyers and investors alike.

The low property and rental prices are also ideal for professionals looking for cheap and roomy accommodation in a peaceful location away from the chaos of the city.

Serene locality:

Away from the bustling city, Virar West is home to clean and peaceful neighbourhoods, lush green covers, and low pollution.

With its vast open spaces and tourist attractions like beaches, and forts, Virar West ensures a serene and well-balanced lifestyle ideal for raising kids, while still providing all the conveniences of an urban lifestyle.

Infrastructure:

Despite its distance from the city, Virar West does not fall short of any amenities or infrastructural facilities associated with an urban lifestyle.

Residents can enjoy top-notch public and social amenities, including schools, hospitals, restaurants and other recreational facilities needed for a comfortable and well-balanced lifestyle.

A robust network of roads and rail supports the area, with Virar Railway Station allowing residents to commute to the city conveniently via the Western Railways.

The upcoming Versova-Virar Sea Link is expected to boost connectivity while adding value and increasing demand in the real estate sector.

Attractive investment opportunities:

The strategic location of Virar West and its expanding infrastructure has largely impacted its real estate market. The area has observed rising demands in housing, with a 13.56% price appreciation just this past year, and around a 25% increase in the last 5 years.

These trends promise attractive returns in the future, making it the ideal investment opportunity for home buyers, real estate developers, and investors.

So, make the most of Virar West with Joyville Homes! Their spacious and affordable 1 and 2 BHK flats at Joyville Virar offer breathtaking views of lush greenery and Goan-themed architecture, bringing the joys of resort living to your daily life.

Spread over 7 acres, this sprawling property boasts 7 towers with over 25 unique amenities for a well-balanced lifestyle.

To know more about their 1 and 2 BHK offerings, click here — https://www.joyvillehomes.com/joyville-virar/

Shapoorji Pallonji Group’s international presence

 

By https://shapoorjipallonji.com/, Fair use, https://en.wikipedia.org/w/index.php?curid=60906222

With its 155+ year legacy of excellence and innovation, the Shapoorji Pallonji (SP) Group has not only contributed to India’s infrastructural development but also made significant strides on the global stage.

Being the first Indian company to foray into the overseas construction market in 1975, the SP Group operates in over 60 countries and has been instrumental in constructing landmark projects through its various subsidiaries.

Here is a brief overview of their global footprint and their numerous achievements:

The Middle East:

The SP Group has a significant presence in the Middle East due to its ever-growing infrastructural demands and conducive construction market. From sprawling educational and healthcare facilities to luxurious resorts and residential complexes; the SP Group has done it all.

Some of its notable projects include the Sulaiman Al Habib Hospital and King’s College Hospital in Dubai, Le Boulevard in Qatar, Al Alam Palace & Al Khor Mosque and Cabinet Building in Oman, Imperial Avenue and Taj Grandeur Residences in Dubai, among numerous others.

Some of the group’s major headquarters in the Middle East are:

Shapoorji Pallonji Mideast LLC, Dubai, UAE

Shapoorji Pallonji Mideast LLC, Bahrain

Shapoorji Pallonji Mideast, Al Basra, Iraq

Shapoorji Pallonji, Kuwait

Shapoorji Pallonji Mideast, Oman

Shapoorji Pallonji Mideast LLC, KSA

Shapoorji Pallonji Qatar WLL

Africa:

Ever since its foray into Africa in 2009. the SP group has been a key player in addressing the continent’s growing infrastructure needs. It has made significant contributions to the civil infrastructure, education, healthcare, housing, and industrial sectors through its various projects.

Notable works include the Seat of Government & Presidency in Ghana, Admiralty Evercare Hospital in Nigeria, Bauxite Handling Facility in Guinea, Peat-fired Thermal Power Plant in Rwanda, New Owendo International Port in Gabon etc.

Some of the group’s main headquarters in Africa are:

Shapoorji Pallonji Co. Ltd Pvt. — Ghana

Shapoorji Pallonji Nigeria Ltd — Nigeria

Shapoorji Pallonji Mideast LLC — Algeria

Europe

The group’s entry into the European market in 2018 is a relatively new venture and has been marked by prestigious residential and commercial developments. Notable projects include the Terrace and the Whinsfield Apartment Development in Dublin.

Some of the group’s major headquarters in Europe are:

Shapoorji Pallonji Europe Limited. — Ireland

Shapoorji Pallonji (Malta) Limited — Malta

Shapoorji Pallonji UK Limited

Asia

Shapoorji Pallonji has been pivotal in its contribution to Asian countries, with crucial infrastructural projects in countries like Sri Lanka and Bangladesh.

Notable works include the Karapan Armada Sterling III, Indonesia, Altair and Mehewara Piyesa Office Complex in Sri Lanka, Bhola Combined Cycle Power Plant and the Global Solar Power Tracker project in Bangladesh.

Some of the group’s main headquarters in Asia are:

Shapoorji Pallonji Kazakhstan (L.L.C.)

Shapoorji Pallonji Lanka Pvt. Ltd

South America

Shapoorji Pallonji’s presence in Latin America is a more recent development, with its infrastructure projects in Argentina and Chile. The group’s major headquarters in South America is Shapoorji Pallonji Latin America S.A.C.

The SP Group’s global presence is a testament to its engineering excellence, continuous innovation, and commitment to quality. Through its various subsidiaries, the group has and continues to successfully execute landmark projects across continents.

As the group expands its horizons worldwide, Shapoorji Pallonji continues to be faithful to its legacy of creating enduring and iconic structures that enhance lives everywhere.

Visit — https://www.shapoorjipallonji.com/

Which is the No. 1 Infrastructure Company in India?

 

Industrious icons: India’s leading infrastructure companies

In recent years, India has seen rapid infrastructural development to support its growing population and economy. Several government initiatives have aided this process, as have the country’s leading infrastructure and construction companies.

Thanks to their cumulative efforts, India’s construction sector is projected to be worth US $1.4 trillion by 2025 and become the third-largest construction market in the world by 2027.

From constructing state-of-the-art highways and bridges to developing sustainable cities, here is a list of the country’s top companies that have paved the way for India’s infrastructural evolution:

Larsen & Toubro Ltd. (L&T), Mumbai

L&T was established in 1938 by two Danish engineers, H.H. Larsen and S.K. Toubro. The multinational corporation operates across 30 countries and is a top player in various sectors like engineering, manufacturing, building, and technology.

The company employs over 50,000 professionals and has a long legacy of aiding India’s infrastructural progress by building landmark projects over the decades.

Notable Projects: Hyderabad Metro Rail Project, the Statue of Unity, Mumbai Trans-Harbour Link, etc.

Website: https://www.larsentoubro.com

Reliance Infrastructure Ltd. (RInfra), Mumbai

RInfra is a subsidiary of the Reliance Group, founded by Anil D. Ambani in 1929. Along with being a key player in the Indian infrastructural scene, the company is also involved in power generation and distribution. The company is known for its innovative solutions, exceptional project execution capabilities, and commitment to sustainability.

Notable projects: Mumbai Metro, Versova-Bandra Sea Link, Coal-based Thermal Power Plant, and Delhi Airport Expressway.

Website: https://www.rinfra.com/

Shapoorji Pallonji & Company Pvt. Ltd., Mumbai

Shapoorji Pallonji was established in 1865 and is amongst India’s oldest corporations, with a legacy of over 150 years of innovation and excellence. Operating across more than 60 countries, this global company has also shaped the country’s infrastructure sector since its very inception through its varied construction portfolio of government and private projects.

The group has six subsidiaries operating in the engineering and construction, real estate, infrastructure, energy, water, and financial services sectors.

Notable projects: RBI buildings, IIT and IIM campuses, Delhi’s Kartavya Path, IKEA retail store, hospitality projects for ITC, Marriott, etc.

Website: https://www.shapoorjipallonji.com/

Tata Projects Ltd., Hyderabad

Tata Projects is a subsidiary of the esteemed Tata Group, established in 1979. The company is known for its excellence in project execution, innovative approaches, and commitment to sustainability, providing comprehensive solutions in the industrial infrastructure, urban infrastructure, and services sectors.

Notable projects: New Parliament Building, Noida International Airport, Mumbai Monorail, Hyderabad Metro, etc.

Website: https://www.tataprojects.com/

GMR Group, New Delhi

Founded in 1978, the GMR Group is a prominent player in the infrastructure sector, particularly in airports, energy, and highways. The company has developed and operates some of India’s busiest airports in major cities. GMR is also involved in several highway projects and urban infrastructure developments.

Notable projects: Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Kamalanga Thermal Power Plant, Warora Energy Power Plant, etc.

Website: https://www.gmrgroup.in/

Hindustan Construction Company (HCC) Ltd., Mumbai

Since its establishment in 1926, HCC has had a long legacy of constructing iconic structures that have contributed to the infrastructural development of the country. Their diverse portfolio of projects across sectors like power, water, transportation, and urban development has constantly driven India’s progress over the decades.

Notable projects: Bandra-Worli Sea Link, Coastal Road project, Mumbai-Pune Expressway, Delhi-Faridabad Elevated Expressway, etc.

Website: https://www.hccindia.com/

Gammon India Ltd., Mumbai

Gammon India, founded in 1922, is one of the country’s oldest and most prestigious construction companies. The company has a rich heritage of delivering noteworthy structures that have facilitated India’s infrastructural development, and also become iconic landmarks in their own right. The company is involved in a wide range of sectors like transportation, water, and energy.

Notable projects: Gateway of India, Mahatma Gandhi Setu, Delhi Metro, etc.

Website: http://www.gammonindia.com/

IRCON International Ltd., New Delhi

IRCON is a subsidiary of the Indian Railways, founded in 1976. The company’s diverse portfolio includes sectors like railway construction and electrification, urban and civil infrastructure, airport construction, and telecommunication. Since its inception, IRCON has executed numerous infrastructure projects in India and abroad.

Notable projects: Chardham highway project, India, Tehran-Mashhad railway, Iran, etc.

Website: https://ircon.org/

KEC International Ltd., Mumbai

KEC International is a subsidiary of the RPG Group, founded in 1945. This global company has executed projects in over 110 countries in the urban, railway, and civil infrastructure, power transmission and distribution, and oil and gas pipeline sectors, among others.

Notable projects: Tata Joda Mines Project in Odisha, Chennai Metro Rail Project Viaduct, 220 kV AIS Substation at Raxaul, Bihar, etc.

Website: https://www.kecrpg.com/

Nagarjuna Construction Company Ltd., Hyderabad

Founded in 1978, NCC is a prominent name in the infrastructure sector, known for its expertise in the development of buildings, roads, water supply, and environmental projects. The company’s commitment to excellence, innovation, and sustainability has earned it a reputation as a trusted name in the industry and the country.

Notable projects: Lucknow International Airport, Nalanda University, Nagpur Metro Project, Pune Metro Project, etc.

Website: https://www.ncclimited.com/