India’s growth story is attracting attention from all corners of the world. With the government actively wooing wealthy nations for building strategic oil reserves and investing in infrastructure, could global corporate heavyweights be far behind? India’s intellectual capital is being harnessed by them to build technical ‘Centres of Excellence’ which is contributing to the development of an ecosystem of innovation in the country.
India’s huge overseas diaspora is now taking notice of the vast commercial potential that the Indian market holds. With infrastructure spending getting a boost from the NITI Ayog, the country’s top planning body, a web of highways and railway is being developed to cater to the needs of commerce and industry.
A host of roadshows that have been conducted overseas have highlighted India’s growth trajectory over the past few years. India’s ranking has consistently improved in the Ease of Doing Business Index over the years. A number of steps designed to cut bureaucratic red tape and improve responsiveness have helped boost investor confidence in the Indian economy. The growing inflow of Foreign Direct Investment (FDI) is the direct outcome of these efforts.
If you’re an NRI looking to invest in India, there was perhaps never a better time. Apart from the four major metros, several Tier-II cities like Indore and Bangalore have emerged as attractive destinations for investment.
Located strategically in South India, buying property in Bangalore can be considered as a good investment option for investors and professionals seeking to relocate to the city. ASN Elite a landmark project developed by the ASN Group consists of luxury apartments in Bangalore.
Called the Silicon Valley of India, Bangalore has the most number of IT parks in the country. The center of India’s high-tech industry, it attracts talent from across the country with its high paying job openings at some of India’s best-known employers.
Home to India’s fast-growing aerospace industry, Bangalore offers a host of residential and commercial projects for NRIs. As a busy executive, driving through heavy traffic on a daily basis can be de-motivating. With International Tech Park, a prominent corporate park, located within an easy drive from ASN Elite, commuting is a breeze.
Affordable housing and amenities
The latest trends indicate that Bangalore has seen a 92% increase in the launch supply in the first quarter of 2018. Of this, Northern Bangalore has cornered the highest percentage at 58%.
Spread across an area of 1 acre, ASN Elite Whitefield Bangalore includes three residential towers. These luxury apartments in Bangalore are equipped with state-of-the-art facilities such as children’s play area, community center, etc. Priced at around Rs. 55-65 lakhs, these apartments offer a quality lifestyle at an affordable price-point. For an average family of 4, these apartments are ideal in terms of size and layout.
Bangalore ranks among the world’s most cosmopolitan cities with a friendly vibe and a global appeal. Buying property in Bangalore gives you the best of both worlds-professional as well as personal.
Apart from world-class office campuses, conference centers and hotels for the busy executive, the city’s nightlife is also nothing to be scoffed at. For compulsive shoppers and travelers, the city has a range of malls, historical monuments, and other noteworthy places to keep occupied. If you’re worried about the cost this might entail, you’ll be glad to know that the cost of living is lower in Bangalore compared to Mumbai and Delhi.
Any investment in real estate must be carefully weighed in terms of returns on investment. Bangalore is one of the few real estate markets that has consistently outperformed the national average in terms of returns on investment.
With the implementation of the landmark RERA (Real Estate Regulation and Development Act) 2016, the onus of executing and delivering flats on schedule has fallen on developers. This has reduced the risk of investors and buyers and improved the overall market sentiment in the country.
Home Loans from Bajaj Finserv Homes & Loans is the perfect alternative for financing the purchase of your property, without tapping into your personal savings. With facilities such as smooth balance transfer, a high-value top-up loan, and Flexi Hybrid facility, they are convenient and flexible.
Life goals: retirement or second career
If you’re planning to return to your roots after a long time abroad, buying a home in a city like Bangalore makes eminent sense. Cosmopolitan and well endowed in terms of infrastructure, this city is like an oasis of comfort for retired professionals.
On the other hand, if you’re looking to leverage your skills and experience to create value for aspiring business owners or start a new venture of your own, Bangalore is home to vibrant start-up culture and provides ample opportunities for business networking and fundraising.