Bangalore and IT sector have become synonymous to each other with
top IT companies settling down in Bangalore. It goes without saying
that Bangalore is the real IT hub of India. All the IT professionals eye
Bangalore with wishful eyes and wait for an opportunity to make to this
tech city. property in Bangalore is at cloud nine, thanks to the
students, IT professionals and MNCs rushing to Bangalore who have made
the property market a vibrant one.
Not just education and
employment but Bangalore also scores high for settling down after
retirement. The pleasant climate of Bangalore prevents the sensitive old
age from the lashing heat or cold waves. There are ample of green
stretches and water bodies in Bangalore to give it an aesthetic look.
Not many would know that Bangalore keeps pace not only with the latest
IT developments but also keeps a check on the changing fashion trends.
MG Road and Brigade Road showcase the changing styles in fashion. The
young IT professionals thus keep abreast with the latest fashionable
accessories, clothing and style. The hot-and-happening culture of the
city has taken the real estate in Bangalore to new heights.
Progress of real estate in Bangalore
Bangalore
has seen a marked increase in the number of residential, retail and
commercial properties. The speedy growth of IT sector has catapulted the
population figures in the city. An increase in population has in turn
sounded the bugle for greater availability of space for commercial,
retail or residential purpose. Facing the bulk demand of affordable
properties, the government and private builders are both ready to reduce
the deficit. The land for sale in the suburban areas of Bangalore has
seen a drastic price revision as compared to the past. The real estate
in Bangalore got a real boost when NRIs started investing hefty sums in
the real estate sector of the city.
The influx of foreign firms
moving to India to establish a base started with Bangalore; the city
invited multi-nationals from the IT sector and paved the way for other
cities to walk on the same lines. The cosmopolitan culture of Bangalore
helped the westerners to adapt quickly to the new environment. Real
estate in Bangalore is witnessing both vertical and horizontal growth.
The entire city has residential apartments and flats being developed in
the available spaces. There are several luxury condos being built with
magnificent amenities like pool, spa, Jacuzzi, gymnasium and sports
facilities. In addition to the condos, Bangalore has many high profile
ultra luxury villas with remote controlled access for household
appliances.
World-class Malls are dotting the city line and the demand
for office space has undergone a tremendous rise.
Realestate in
Bangalore has miles to go. Eastern parts of the city, including areas of
K.R.Puram, Bannerghetta Road, Kanakpura Road, Marathahalli, J.P.Nagar,
Sarjapur and Jayanagar have seen remarkable development in the real
estate sector. The developers are targeting the middle and upper working
class and thus focusing on building economical residential options. To
meet the exploding demand for real estate in Bangalore, the government
as well as the private builders will have to come up with attractive and
cost-effective projects.
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