In the past few years Bangalore has emerged as one of the most sought after places of India. One of the major IT hubs of the country, this city has allured people from the world over. The favorable weather, good job opportunities, friendly people, and mesmerizing lifestyle have inspired people to invest in the real estate and get settled in the city.
The fast growth of the IT companies has led to the increase in high net worth individuals ready to invest in luxury homes. As a result, luxurious villas have become a fad in this city. In recent years there has been a great rise in the demand for premium properties, especially villas. With most of the IT companies located in the Whitefield area of Bangalore, there is an increase in the demand for villas in Whitefield.
With the increase in the disposable income most of the residents of Bangalore, people now aim to own world-class homes with the best of amenities. Most of the buyers look for villas in Whitefield close to their workplace as well as close to other basic amenities like medical centers, schools, supermarkets, and more. This helps them to save on the time and money spent on commuting. Luxury homes have now become a necessity for the opulence demanding young professionals.
These villas in Whitefield come with all the basic as well as luxurious amenities including private parking, swimming pool, personal terrace gardens, gym, spa, modern fitting & fixtures, Jacuzzi, foolproof security system, centralized heating, & air conditioning, and more. Some developers also offer customized villas and hence cater to the individual style and needs of their clients.
Another important reason for more and more people getting keen to buy villas is the factor of safety & privacy. The villas are considered safer and also provide the privacy which everyone requires for one’s family.
However, an important to note in this context is the rising prices of these villas in Whitefield. With the demand increasing and the supply of premium homes & villas not at par with the demand, has led to the overall increase in the price of the real estate in Bangalore. Another important reason for the increase in the price of villas is the increase in the labour and raw material rates. However, this has not stopped the buyers to invest in these properties. On the contrary, there is a surge in the demand for these villas as most people consider it to be a good long-term investment which would yield profitable returns in the long run.
The main reason for the shortage of supply of these premier homes is the huge investment required to build these villas. Not all real estate developers have the availability of land as well as finances to build such large properties. Another hindrance is the getting the required sanction from the authorities for building such properties is a time consuming process. Hence, it is only the big players of the real estate market that can afford investing in such big projects.
In the present day, the real estate property market is actually full of dream properties overloaded with all kinds of modern facilities that anyone can dream of. Moreover, the Villas in Whitefield are ideal buys in the market for those who are looking for something really good and magnificent villas. No wonder, the price range depends on the kind of facilities and amenities available for the buyers. The scenario is changing these days and there are lots of people who can now afford to buy these villas.