Indian Real Estate
sector has seen an unprecedented growth in the last few years. Bangalore is
considered to be the IT/ITES capital of India with a number of lucrative
opportunities in both the residential and commercial sectors. It is the most
favored destination for IT & ITES companies, which are also highest
contributors to the ever-growing Bangalore Real Estate market. The IT hub also
known as the Silicon Valley is blessed with numerous features which includes
gardens, natural lakes, beautiful landmarks and a favorable climatic conditions
which make this City the most attractive real estate hub in India.
Despite of all the odds Bangalore
Property has seen a very steady growth over the coming years. The prime
residential areas that are a center of attraction in Bangalore include
Whitefield, Bannerghatta Road, Hosur Road, and Outer Ring Road. Sarjapur road,
which is located to the southern region of Bangalore, continues to be a
preferred residential location of IT & ITES employees due to its vicinity
near the office destinations and a favorable infrastructure. A large number of
residential projects are also coming up in the northern region of Bangalore.
Is these MNCs helping Bangalore
real estate sector in any way? This evolution has certainly had a positive
effect Bangalore city, which houses large numbers of MNCs like Yahoo, Google,
Amazon and many more. Their remarkable presence has made Bangalore city a hot
and the most favored High Tech Hub of India. Besides that, the changing life
conditions of the residents of the city have revitalized the Bangalore property
& real estate sector. Nearly every
day there are thousands of young aspirants who are joining the citys corporate
work culture & this has lead to an increase in demand in the business and
residential sectors.
Several issues like parking,
deteriorating road conditions, traffic jams and low vacancy rates in the main
city has enforced real estate developers and builders
to search for options in the suburban areas of Bangalore. As, these suburban
areas have a vast growth potential and good supply and the rental values are
reasonably low.
With the increase in the demand
growing from the middle class consumer population, the real beneficiaries are
real estate agents and developers. The increase in real estate prices
drives the market to be more expensive which provide ample of opportunities to
real estate developers.
