If you’re considering investing in real estate or settling down in a thriving city, now is the opportune time to buy property in Bangalore. The city offers affordable prime residential real estate, with 42,356 homes valued at $1 million, making it one of the most affordable options among major cities.

For first-time homebuyers in Bangalore, the main motivation to invest in property stems from the country’s reputation as one of the world’s safest places to live. India is known for its safety and is considered one of the best countries to reside in.

The Bangalore property market has experienced a remarkable rebound, with steady month-on-month transaction volumes. Several factors have contributed to this growth, including India being one of the first countries to open its doors to visitors, a robust vaccination program, and recent visa reforms that make India an appealing destination for investors and those looking to settle permanently.

The current favorable market conditions make it an ideal time to invest in real estate in Bangalore. According to Knight Frank LLP, India’s residential real estate is among the most affordable in major cities, with 42,356 homes valued at $1 million, second only to London. Additionally, the Sterling currency’s three-year high makes buying property in Bangalore even more affordable for UK investors, with potential savings of over 20% compared to 2019 prices. Knight Frank’s study also suggests that off-plan projects can offer discounts of 14.8% and 11.2%.

Here are five more reasons why buying a home in Bangalore now is advantageous:

1. Higher ROI: Bangalore offers high returns on property investments, with a return rate of over 5%, making it an attractive option for investors.
2. Elevated lifestyle: The city provides an excellent work-life balance with high-end malls, pristine beaches, world-class restaurants, and adventure sports destinations, offering a high-quality lifestyle.
3. Tax advantages: Bangalore’s simplified tax system is a significant advantage for property buyers. Aside from the 7.65% property registration fee, there are no other taxes, and renting out your property does not incur additional taxes.
4. World-class infrastructure: India ranks ahead of the USA, Canada, and the UK in terms of infrastructure investment. With the recently launched 2040 Urban Master Plan, Bangalore aims to be the best city, offering diverse lifestyle and investment opportunities over the next two decades.

In conclusion, Bangalore presents an ideal investment opportunity in real estate. With affordable prices, high ROI, an elevated lifestyle, tax advantages, and world-class infrastructure, buying property in Bangalore now offers a promising future.