Well, since you are looking for information stressing on the fact that Bangalore is better than Mumbai, we have two guesses. Either you already know that the former is better than the latter or you want to know if what you’ve heard (or read about) is true! Nonetheless, in either case, you have just come to the right place, for; we are indeed sharing with you the top 7 reasons that make Bangalore better than Mumbai.
The real estate scenario, a decade ago, wasn’t the same as it is today in Bangalore. Despite this south Indian city being the technology hub of the nation for many years, it lagged behind cities such as Delhi, Mumbai (the most attractive of all cities), Pune, Hyderabad, and others. However, since the past few years, people interested in investing in real estate have started to look at Bangalore like never before.
And regarding this ‘fondness’ for the city, you’ll soon know why.
This is perhaps the number one reason that makes people fall in love with Bangalore. The pleasantness of the weather isn’t just for a specific period; rather, you can enjoy it throughout the year. So, no worries about the sweltering heat or the discomfort of an extremely cold climate – Bangalore is lovely throughout the year. It doesn’t come across as a surprise that residential properties in Bangalore sell like hot cakes. The real estate industry here is booming due to this as people wanting to escape the extremes often end up heading towards Bangalore. What can be better than living in a friendly neighborhood in Bangalore?
Mumbai on the other hand has a sultry weather and people looking for the pleasantness of Bangalore will definitely be disappointed here.
Besides a technology hub, Bangalore is a startup hub too!
You read that right. In the past few years, Bangalore has witnessed several startups begin and shine in no time. Naturally, professionals from different backgrounds are coming here every day to realize their dreams and make Bangalore their home. As they are gradually climbing the ladder of success, they are also keen to stay here on a long term basis and invest in real estate.
Mumbai is the city that never sleeps and the financial capital of the country. Yet there is no match between the vibes that young professionals experience in Bangalore and the one that Mumbai offers.
Affordability of residential units in Bangalore
Besides the aesthetic differences between Bengaluru and Mumbai, the real difference why the former is preferred over the latter is due to affordability of property and residential projects. Not only Mumbai, Delhi -NCR too witnessed a huge escalation when it came to real estate prices. However, Bengaluru remained more or else at a standard bracket that kept home buyers and investors reasonably happy. Also, when it came to price correction, Bangalore was one of the pioneers for this, which helped pull the city to the most-preferred spot for buyers.
No risky projects or demand-supply disparity
Real estate developers in Bangalore are renowned for their professionalism; so much so that their counterparts in other metro cities can take a lesson or two from them. With the economic slowdown at the start of this decade and real estate properties becoming a risky matter, Mumbai continued to deal with customers and potential buyers in the same way as earlier. On the contrary, real estate developers in Bangalore gave their investors and potential buyers the much-needed confidence to invest wisely. Part of this has the backing of the fact that Bangalore real estate isn’t solely depended on the money generated from sales. This has helped Bangalore to maintain a healthy demand-supply ration, thus reducing disparity.
More completed projects in Bangalore than ones still in the pipeline
People who are keen on buying residential properties in Mumbai often are skeptical about actually moving in to those places. This is due to the infamous general belief that real estate agents here have more projects in the pipeline than the ones completed. This is even after Mumbai’s famous estate developers such as Godrej, Tata Value Homes, etc. working towards making their customers happy. Delay in real estate projects can be quite unnerving, especially for the first-time buyers. Bangalore real estate agents on the other hand boast of timely-delivered projects, which in turn have earned them loyal and happy customers.
So, in a nutshell, we can definitely conclude by saying that positive customer feedback, an improved system of maintaining the demand-supply ratio, and increased job opportunities in Bangalore have together contributed towards making the city a stable and safe bet when it comes to real estate investments. Mumbai, although a hub of activities, is clearly lagging in the aforesaid areas and therefore not so much a preferred spot as is Bengaluru. This is, not at least now.