Attributes influencing the purchase decision of residential property in Bengaluru

Attributes influencing the purchase decision of residential property in Bengaluru

Rishabh Jain, Student of BBA, PES University

Prof Sujay C, Faculty of Management and Commerce, PES University

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Abstract – This study contains the attributes influencing the purchase decision of residential property in Bengaluru. Location is a crucial factor in determining the purchase decision of residential property in Bengaluru. Proximity to commercial hubs, employment centers, educational institutions, and transport facilities like airports and metro stations, all contribute to the demand for properties in certain areas. Similarly, the quality of the neighborhood, availability of basic amenities like water, electricity, and sanitation, and the crime rate also play a significant role in the purchase decision.

The type of property, such as apartment or villa, also influences the purchase decision. The amenities offered by the property, such as swimming pool, gym, and playground, are also important factors. The quality of construction and maintenance of the property are also critical factors in the decision-making process.

Infrastructure such as roads, public transport, and healthcare facilities are also essential factors that influence the purchase decision. Lastly, the affordability of the property, including the price, payment options, and financing options, is a critical factor that affects the purchase decision of residential property in Bengaluru.

Key Words:  Location, residential property, infrastructure, type of property, purchase decision, construction quality, proximity.