The Real Estate Sector in Bangalore has always been end-user centric due to the high prevalence of salaried class employed in the IT and ITES sector with predominantly non-cash transactions characterizing the buy-sell deals. This has been the crucial deciding factor in sustaining the attractiveness of the real estate sector of Bangalore even after the demonetization move of the Government of India.
Some of the beneficial consequences of demonetization have been the correction in the market buoyed by the healthy completion emanating from the small but organized developers and real estate promoters. This has contributed to the high quality of project delivery in Bangalore.
The above trends make Bangalore an attractive destination for FIIs bringing in FDI in the real estate market of Bangalore