Bangalore - Real Estate
Bangalore Real Estate Scenario
Bangalore City also known as “Bengaluru” has seen an unprecedented growth in the last few years. Considered the IT/ITES capital of India due to its position as the country’s leading exporter of IT/ITES products and services, Bangalore is widely referred to as the “silicon valley of India”. It is thus the most favored destination for IT and ITES companies which in turn are the highest contributors to the ever-growing Bangalore Real Estate market. Capital of the southern state of Karnataka, Bangalore is blessed with numerous features which include gardens, natural lakes, beautiful landmarks and a favorable climactic condition. These are features which aid in attracting business opportunists who make this city a more lucrative option for potential buyers.
The growth of the real estate industry in Bangalore that began along with the IT boom is showing an upward movement in both commercial and residential properties. However, the rising figures are not enough to quench the growing demand for properties in India’s primary IT hub.
This growing demand in Bangalore property has encouraged property investors and dealers as they are coming up with newer forms of projects that will attract more buyers. These schemes are aimed at not only the elite class but also the middle class working executives to fulfill their dreams of a sweet home in the high tech city. Increase in real estate prices drives the market to be more expensive which provides plenty opportunities to real estate developers.
The Indian government is also not being left behind as it is coming up with various infrastructure projects in order to make Bangalore one of the most sought after cities across the globe.
The prime center of attractions in Bangalore includes the Whitefield areas, Bannerghatta Road, Outer Ring Road and Hosur Road. This evolution has attracted a number of multinational companies such as Yahoo, Amazon, Google and many more. This has also led to an increase
Bangalore City also known as “Bengaluru” has seen an unprecedented growth in the last few years. Considered the IT/ITES capital of India due to its position as the country’s leading exporter of IT/ITES products and services, Bangalore is widely referred to as the “silicon valley of India”. It is thus the most favored destination for IT and ITES companies which in turn are the highest contributors to the ever-growing Bangalore Real Estate market. Capital of the southern state of Karnataka, Bangalore is blessed with numerous features which include gardens, natural lakes, beautiful landmarks and a favorable climactic condition. These are features which aid in attracting business opportunists who make this city a more lucrative option for potential buyers.
The growth of the real estate industry in Bangalore that began along with the IT boom is showing an upward movement in both commercial and residential properties. However, the rising figures are not enough to quench the growing demand for properties in India’s primary IT hub.
This growing demand in Bangalore property has encouraged property investors and dealers as they are coming up with newer forms of projects that will attract more buyers. These schemes are aimed at not only the elite class but also the middle class working executives to fulfill their dreams of a sweet home in the high tech city. Increase in real estate prices drives the market to be more expensive which provides plenty opportunities to real estate developers.
The Indian government is also not being left behind as it is coming up with various infrastructure projects in order to make Bangalore one of the most sought after cities across the globe.
The prime center of attractions in Bangalore includes the Whitefield areas, Bannerghatta Road, Outer Ring Road and Hosur Road. This evolution has attracted a number of multinational companies such as Yahoo, Amazon, Google and many more. This has also led to an increase