Bengaluru is home to genuine house buyers and not examiners

Bengaluru’s youth segment is buying residential property right on time in life. Each residential property expo hosted by The Times of India has divulged a steady increment in footfall from this section. The real estate sector domain of Bengaluru is likewise seeing a pattern in genuine home buyers for whom owning their prized home in a favored location is significantly more than a lifestyle statement.

Irfan Razack, CMD, Prestige Group, says, “The residential sector has seen a solidifying demand across all the segments in the eventful year 2014 and is keeping on doing as such in this year as well. Testament to this is the fact that Prestige quoted the ever lofting pre-sales in the residential segment in Q2 FY15.”

Confident Group, Co-Founder and Director, Gaffar P Kandy, says the Bengaluru market is immensely dominated by end-users along with a small ratio of investors. “There is no bubble. The city’s market is very unshakeable and the payments are safe. There are all the more first-home purchasers too, “he point out.

Ashish Puravankara, MD, Puravankara Group, mentions the modern home buyer needs the value for money, finishes with knack and top-notch amenities. “He wish to acquire a ‘savvy’ home with every quintessential comfort like home automation, digital technology etc,” he mentioned.

Girish Puravankara, CMD, LGCL, the globally travelled Bengalurean says, he wants a home with all the frills and a ‘clean’ property with alluring specifications. “As a matter of interest, the individuals who previously own an apartment would now want to upgrade to an ostentatious villa and live in the arms of opulence. For their children they are preferring for a gigantic activity play zone and other international brands in fixtures and accoutrements,” he mentions.

The suburban areas are the new city centres with schools, retail facilities and great network. “The suburbs advantageously offer plentiful affordable options to those making their first home,” Kandy points out.

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