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Top reasons why real estate sector in Karnataka will boom by 2020

February 14, 2020 | 360 Realtors

Top reasons why real estate sector in Karnataka will boom by 2020

Over the past few years, the real estate sector in India has been witnessing a steady development, regardless of all the high and low points. The real estate industry has seen a massive boom mainly in the southern part of the country and Karnataka has become one of the major hotspots for real estate market among the developers and buyers. Karnataka is also expected to observe a further boom by 2020 in the sector and the reasons are mentioned below.

  • Reduction of GST on affordable housing by the Government of India has led to the growth of the real estate market in Karnataka.
  • The realty sector in India has always faced a major issue on funding. The reality developer is now approaching the Non-Banking Financial Companies (NBFCs) due to lack of proper funding from banks.
  • Another major factor to drive the real estate development in Karnataka is the ITeS, IT, and startup sectors. Many people are shifting to this part of the country for job purposes and therefore the need for real estate property is also increasing.
  • New thoughts like co-living, co-working spaces and senior living have also added to the flourishing of the real estate sector in the state.

About Provident Northern Destiny

Provident Northern Destiny is a luxurious residential township providing 2 BHK and 3 BHK apartments in Bangalore. The property offers apartments of sizes starting at 610 sq.ft and the prices of which starts Rs 60 lakhs. Developed over 4.5 acres of land, the property consist of 400 beautiful residences all well-equipped with all the latest amenities like clubhouse, meditation centre, indoor games, kids play area, swimming pool, gym, creche and many more. The residential development is very well-connected to all the major destinations of the city. The Bangalore airport is 20 km from the property.

About Bhartiya city nikoo homes 2

Bhartiya city nikoo homes 2 is a standout amongst the most creative high rise address in Bangalore. The housing development consists of 9 towers with 33 floors each. The residential township offers studio, 1 BHK, 2 BHK and 4 BHK luxury apartments of sizes varying from 510 sq.ft to 3283 sq.ft. The prices of the houses vary from Rs 25.44 lakhs to Rs 1.73 crores. The township also enjoys an excellent social infrastructure. The residential is well-resourced with all the modern facilities of today.

About Purva Atmosphere

Purva Atmosphere, without compromising in its style and class, offers attractive residential development in Bangalore. The township offers 2 BHK, 3 BHK and 4 BHK luxury residences of different formats at prices ranging between 76 lakhs to Rs 1.42 crores. All the important public service spots like the hospitals, schools, colleges, restaurants, shopping malls, multiplexes and hotels can be easily reached from the township. Located at Thanisandra, the dwellers of the complex will be benefited with the best social infrastructure.

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