Real estate market in Bengaluru holds great promise: Ashwinder R Singh
In an interaction with Sanjeev Sinha, Mr Ashwinder R Singh, CEO of Residential at Bhartiya Urban in Bengaluru and a bestselling author, shares his views on the future prospects of India’s real estate sector and talks about his latest book. Excerpts:
What is your view on the recent report indicating a 19% decline in housing sales in Bengaluru during April-June?
I view this as a temporary fluctuation in the market. Bengaluru’s dynamic startup ecosystem and well-established IT industry continue to attract millennials from all over India, making it a desirable city for settling down. As a result, the real estate sector in Bengaluru will likely continue to thrive. The properties in Bengaluru have always been designed to meet the needs of end-users and their families, offering well-developed homes in convenient locations. These apartments and houses cater to families’ requirements for facilities and social infrastructure. While end-users may also view buying a home as an investment, their focus differs from that of property investors, who primarily seek long-term returns on investment. Therefore, the real estate market in Bengaluru holds great promise and is poised to deliver substantial returns.
Why has Bhartiya Urban emerged as a popular residential destination in Bengaluru?
Bhartiya City is an inclusive and sustainable development; integrating homes, workspaces, shopping spaces, hospital, school, parks and bike paths to enliven and enrich citizens’ lives. A city where local colour is celebrated and championed, and Global Best Practices meet Indian culture. Harnessing their insight into lifestyle solutions across the world, Bhartiya Urban, the real estate subsidiary, created Bhartiya City. Conceived in partnership with
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