Amidst confusions and speculations that made a serious buz in the real estate market in India, you will be happy to know that global fund managers are increasingly taking interest in the Indian real estate sector. Bangalore and Mumbai are the top cities for foreign investments as claimed in a report.
John Fitzgerals of the ULI (Urban Land Institute, a non-profit research and education organisation having offices in Washington, D.C., London, and Hong Kong), India is on the radar of the fund managers around the world who believe in long-term growth potential. The increased presence of The Trump Organization in the Indian real estate space can be seen as an indication of that direction.
In other words, it construes that India will see an overall growth in the real estate sector as well as in those sectors related to it such as metal and cement. Simultaneously, Bengaluru being the choicest city in India for the real estate investment will reap many benefits of this global investment spree.
THINGS THAT ARE IMMINENT IN THE BENGALURU
Bengaluru has been in the news as the popular destination for the BPO (Business Process Outsourcing) and IT companies abroad. Having said this, we mean Bengaluru has long been benefitted from the FDI (Foreign Direct Investment) in the real estate sector besides others. Now, in consequence of the global attention on the Bengaluru real estate market, a few obvious things will be lined up soon such as the following.
DEVELOPMENT OF PREMIUM PROPERTIES
Since more and more global investors will now be wooing Bengaluru real estate as their big investment destination in India, development of premium properties are foretold. In fact, the rate of developing such properties will touch a new height and at the same time, opulence will find a new dimension with the Bengaluru real estates. In short, you will get to see much international architectural excellence here and at the same time, a confluence of both Indian and foreign architectural designs that will by default create a new class to be reckoned with respect.
DEVELOPMENT OF AMUSEMENT AND WATER PARKS
Since more and more global investors are making a beeline for the real estate properties in Bengaluru, development of a number of amusement and water parks spread all over the city becomes a necessity. Having said this, the quality of living in Bengaluru will grow manifold in the years to come. This will be yet another avenue for the big ticket investments to the renowned builders of the city.
DEVELOPMENT OF ECO-FRIENDLY PROPERTIES
With the increased global attention on Bengaluru, builders here will be paying more attention to developing ecologically balanced properties. In other words, eco-friendly properties will enamour the skyline of the Bengaluru real estate further taking it to the next level of a world class city.
RESORTS AND HOTELS
Influx of the globe trotters and making Bengaluru as their home will further open up the real estate market for builders for developing resorts and hotels. This will, however, be well complemented by the increased business activity of the city. The people of Bengaluru will experience the world class resorts and hotels coming up further in the city.
In short, Bengaluru will be known as the most happening city in India with a truly cosmopolitan culture to its credit.