Bengaluru, “the city of gardens” was earlier known as Bangalore is the state capital of Karnataka and India’s third largest city. Bangalore is a large cosmopolitan city and has become one of the major IT industry hub and now it has turned into the Silicon Valley of India. For many years, Bangalore is famous throughout the globe for its culture, forward-thinking and forefront to the high-tech industry boom in India. It has premier educational institutes, research institutions, various public sector heavy manufacturing units, defense organizations. Bangalore is witnessing a tremendous growth in industry, commerce and employment opportunities. Good infrastructure, skilled manpower, scientifically sound technologies, urban water supply, sewage treatment, rail, road and air network, telecommunication, energy supply and high literacy rates are major driving force fueling to the growth of the city. And all of these dynamics together, influencing property in Bangalore and bringing a buyer as well as builder friendly uprising. Read More
Bangalore is a major economic and cultural hub and the fastest growing major metropolis in India. The principal reason for the growth of Bangalore’s real estate is advanced and well-built infrastructure. With the advent of several IT companies, a huge number of working professionals are moving in the city and in nearby areas. Apparently there is a massive increase in the demand of high-end and mid-income group residential projects, so owing a property in Bangalore is quite easy as builders are providing numerous property options. Areas which are becoming hot spot for residential investments are mentioned below:
Nowadays, the concept of affordable housing is gaining more recipients, which are available within the city as well as in the outskirts. With the increased demand, housing projects may observer rise in capital prices too. The Bangalore property market is escalating in all the directions, North Bangalore has projects in Bellary, Hebbal and near international airport location. South Bangalore is full-filling the demand of high-end residential development which includes the Electronic City. East Bangalore is the major IT destination; it has well grown socio and physical infrastructure, and hence demand for luxurious projects are quiet higher in the area whereas west side of the city has more of industries and manufacturing units.
Rental property market is becoming an important aspect of real estate in Bangalore. Most of the professionals are opting for rented house which are nearer to their work location and equipped with all basic amenities. Some of the top rental localities in Bangalore are:
After emerging as one of the top 20 technology-rich cities globally, Bengaluru has made debut in the list of top 20 commercial real estate investment cities in the world, says a Jone Lang LaSalle report.
With the increasing number of offices, demand for commercial space is also soaring and as per the reports, the office rents are expected to be increase by 5-10 percent in coming future. According to CBRE’s India office market view for April-June 2015, Bangalore topped the office space absorption across seven leading cities, accounting for nearly 35 per cent of the total absorption.
Some of the top commercial property in Bangalore are:
Bangalore has been ranked 12th in the list of top 20 technology-rich cities of world and this has provided a new boost to the economic status of the city. Presence of numerous startups, investment in world-class infrastructure and capacity for innovation leading to the largest number of international patent applications in India has given new heights to the progression of city. The garden city is one of the renowned and trusted economic center of India with an outstanding growth of 10.3%. Bangalore is the third largest hub for high net worth individuals with a per capita income of 1.6K US dollars. Apart from that the city is India’s fourth largest FMCG market. In addition to that, Bangalore is also destination for more than 190 biotechnology laboratories and all these factors are cumulatively working in the development of economical stature.
Bangalore was voted the most livable city in India, beating Mumbai, Chennai, New Delhi and Kolkata. In terms of cleanliness, the city ranks 12th in India.
Bangalore is certainly among the most developing cities of India. It is one of the most sought out cities in terms of companies, tourists, multinational companies. The city has grown-up colossally in terms of population who are playing major role in growth of infrastructure. Improved road surface, highways, flyovers, transport, are the major factors. Bangalore has galore entrepreneurs, with the symbiotic real estate developers and business people, the city is rising hugely.
With the escalating number of residents, the local government has introduced new transport modes and Bangalore Metro is the newest addition in the list. To move from one place to another, one can use taxis, metro, auto rickshaw and metro. Bangalore metro has two lines, green and violet namely. Green line runs between Nagasandra to Puttenahalli whereas violet line covers Mysore road to Baiyappanahalli area. Bangalore Metropolitan Transport Corporation (BMTC) is yet another important transport mode, different buses comes under this, which are as follows: