The Silicon Valley of India, Bangalore has emerged as the best city to live in, according to a global survey of cities conducted by Mercer, a global HR consultancy. The city has become the most livable city due to certain factors, in terms of housing option, infrastructure and global investors, reports Times Property.
Unlike other metros like Mumbai and Delhi, Bangalore’s realty market offers variety of property options to fulfill buyer’s requirement. The vibrant nature of Bangalore’s real estate market and the stable property prices make the city one of the leading real estate markets in India. This means Bangalore property market is one of the best locations for property investment in India.
S Bhaskaran, chief financial officer at Sobha Developers, a Bangalore-based property developer, stated that “There are good products available at various price points. You can buy a house at any price between Rs 20 lakh and Rs 1 crore or more,” reports Business Standard.
“This rating, essentially, showcases brand Bangalore and its merits. Of late, we have been denigrating the city and its many problems, particularly the garbage problem. Now, this report will help showcase Bangalore as a city of repute, as a magnet to which people flock from all over the world, and as a city that offers opportunity,” according to Harish Bijoor, Brand Expert.
Besides, Bangalore is an IT hub and it is home to major MNCs coupled with world-class facilities, which in-turn attracts global investors into the city. “If one is able to organize the work and home locations in a reasonable way, this city is very favourable to live in. It has a cosmopolitan culture and you can live life at your own pace. The quality of life and the costs compared to other cities is favourably placed. We definitely have a decisive advantage,” said L Krishnan, Chairman, Confederation of Indian Industry, Karnataka.
Good infrastructure and connectivity are also making the city one of the best to live in. infrastructure projects like Metro which is yet to complete in many parts of the city is driving the property prices high on areas near to metro corridors. Other infrastructure projects like the Outer Ring Road, elevated roads and so on are extended the city limits which turned far flung localities into micromarkets and such localities are like Whitefield, Sarjapur Road and Old Madras Road.
Via : SilicoIndia