Bangalore, popularly known as the Silicon Valley of India, is amongst the fastest growing Metropolitan city of India. Bangalore has seen tremendous growth over the years. It is now a major IT hub. From industries to educational institutes, Bangalore has it all. This Garden city has grown by leaps and bounds with numerous public and private sector industries coming up in all over Bangalore. Information Technology companies form the major part of the industrial sector in Bangalore. This IT hub keeps expanding each year with more and more companies joining the league in this sector. Telecommunication industries and defense organizations have also come up in large numbers. Bangalore also holds the credit of being amongst the most preferred entrepreneurial locations of India.
With the steady growth of industries and other sectors, infrastructure in this Garden city has also developed. Roadways, Railways and Airways represent the well connectedness of the areas in and around Bangalore. With the introduction of ‘Namma Metro’ rapid transit system in Bangalore, transportation has got a facelift in this city. Local commuting has become completely hassle free. The Bengaluru International Airport is amongst the busiest airports of the country. The railways have contributed greatly towards the improvement of the infrastructure of Bangalore.
The Bruhat Bengaluru Mahanagara Palike (BBMP) has been looking after the civic administration of Bangalore. Constructing flyovers, ensuring adequate water and electricity supply has been taken care by the BBMP. Also the Bangalore Corporation has focused on the improvement of basic infrastructure and overall development of the city. The economy of Bangalore is powerful enough to compete with other developed cities of the world. Public sector has also seen immense progress in this prospective city.
All this has given a boost to real estates in Bangalore. Information Technology and other sectors have generated ample job opportunities. This has lead to the increase in settlements in this city. Commercial and residential spaces are in high demand. Residential spaces like 1bhk, 2bhk, 3bhk Flats, Row houses, Villas, Penthouses and Bungalows have now become the preferred investment options. Whereas office spaces, complexes, retail spaces and showrooms have sprung up in large numbers to support the business and industrial sector.
Real estate in Bangalore is exhibiting an upward trend. Good quality infrastructure and availability of basic services at close proximity have lead to the rapid development of real estates in many locations. Some of the prime locations in Bangalore include Whitefield, Koramangala, Malleshwaram, Sadashivnagar, J.P Nagar,Indiranagar, Jayanagar, Hebbal, BTM Layout, HSR Layout, Banaswadi, M.G Road, Banashankari, Basavanagudi, Ulsoor, Hanumantha Nagar, N.R Colony, Wilson Garden, Domlur, Halasur, Kengeri, Yeshwantapura, K.R Puram, OMBR Layout and Peenya.
Many new projects, integrated townships, multiplexes and architecturally magnificent constructions have come up in Bangalore. Builders have launched residential and commercial projects which cater to the needs of the potential buyers. Since owning a property in Bangalore assures of good returns over investment, properties are in huge demand in this city. Also the outskirts of the city is developing at a equally quick pace ensuring comprehensive growth. Investing in property located in prime locations of Bangalore is promising.
Real estate development and market trends are suggestive of the fact that Bangalore is definitely an investment hotspot for property buyers and investors. Builders and developers tap the potential of this city to deliver projects which satisfy the real estate needs of the buyers.
Bangalore will be at the forefront in the arena of real estate for its assuring prospects and well balanced development.