Why would 2020 be a good year to invest in commercial property in Bangalore?

The Bangalore property market is one of the hottest real estate markets of India. Dubbed the Silicon Valley of India, the city has a number of IT Parks, as well as offices of MNC’s which has led to a number of people migrating to the city in search of job opportunities. This has led to an increase in the demand for residential as well as Commercial Property in Bangalore.

The commercial real estate market of Bangalore is expected to give exciting returns in 2020. Especially the Grade A office properties are expected to be the best-performing real estate asset class. Due to the Indian government’s proactive initiatives such as ‘Make in India’as well as the thriving start-up culture in the country, the demand and absorption for well-located office properties have seen an exceptional demand. These properties have seen high rental yield going as high as 10 per cent in certain markets. The increase in urbanization, rapid migration and the rise in population of the youth in the city has increased the demand for commercial realty.

The retail sectors and new Office Space in Bangalore are making a buzz. Office and retail sectors are considered good investment options for yields to the tune of 10-13 per cent, making them a lucrative deal. In the commercial space, Bangalore the Garden City has emerged as the best investment destination from both the demand and supply points.

Real estate growth in Bangalore is being driven by the ITeS, IT and start-up sectors. The city has seen high investments from foreign investors. In the future, the city is expected to continue seeing high investments from NRI investors.

A number of Top Real Estate Developers in Bangalore including Godrej Properties, Incor, Sobha developers, Brigade and Mahindra have launched commercial projects in Bangalore. The Bangalore realty market is expected to witness further growth of the IT and ITeS sectors, and its status as a big start up hub will lead to further commercial progress accompanies by infrastructural growth which will also benefit the sector.The city has seen rapid development, with a number of banks, ATM's, shopping malls, etc. There are a number of entertainment hubs in the city as well. Bangalore commercial real estate market will continue to see excellent growth in 2020.