This is one of the primary reasons for the increase in demand for luxury real estate in Bangalore. People prefer luxury homes because of their safety and security. Furthermore, the availability of green spaces and other lucrative facilities improve the quality of life inside luxury houses.
The luxury property market in Bangalore has seen a significant increase in demand in the recent few years, notably after Q4 of 2021. Despite the pandemic-induced economic crunch and job insecurity that had a loud influence on the real estate sector, Bangalore's online luxury unit search patterns for 2022 remained high.
Luxury properties in Bangalore attracted more investors than in any other city. This is due to the established tech industry which further expanded after the pandemic. The persistence of the remote work culture has resulted in increased demand for 3 BHK in Sarjapur and other epicenters of tech industries
Bangalore is having one of the highest proportions of HNI (High Networth Individual) and UHNI (Ultra High Networth Individual) populations who are willing to invest in luxury real estate flats and apartments in Bangalore–like Mana Foresta in Sarjapur.
The pandemic-induced economic downfall was a wake-up call for all. The value of owning a home increased manyfold. The aftermath of the pandemic period saw a massive increase in NRI investments. This was triggered by both financial considerations and sentiments. NRIs also invested to have a secure asset in their motherland.
NRIs currently have a very good opportunity to invest in real estate holdings due to the depreciating rupee against the US dollar. According to a recent Anarock-CII study, more than 40% of NRIs grabbed this opportunity to invest in luxury real estate projects in Bangalore, Mumbai, Delhi & other metro cities.
Marred by the pandemic and subsequent lockdowns and economic slump, property prices had fallen sharply. As per reports, the prices are still recovering to the pre-pandemic level and are yet to soar more in the coming years.
Just like anywhere else, builders in Bangalore provide buyers with various lucrative deals to boost sales, including pricing alternatives to purchaseready-to-move luxury houses in Bangalore.
Although luxury properties are more expensive than general real estate categories, luxury homes in Bangalore have the best potential for high ROI. Bangalore has also shown a promising trend of high rental yield as well
Individuals are now more conscious about what kind of properties they want to buy, especially residential properties. Sustainability, eco-friendly buildings, aesthetic design, pleasing interiors, plush vibes, and multipurpose spaces have become some of the most trending keywords for property buyers.
Due to technology, property developers and buyers are closer than ever before. Builders are engaging buyers through virtual tours of the property and digital inspections. Technology has also fast-tracked document processing today without the need for in-person visits. This has resulted in the seamless purchasing of luxury residences in today's hybrid environment.
Mana aims to give its consumers the best luxury apartments in Bangalore. With high-end amenities like a rooftop infinity pool, gymnasium, yoga decks, clubhouse, in-house theatre, sports arena, senior citizen sit-out, and party lawns, Mana Foresta is a much-awaited luxury residential project in Bangalore.