Silicon Valley has close links to Bangalore and thus to many Indians who live in luxury flats in Bangalore. The contribution to Silicone Valley from Indians is undeniable and the communities of Indians who live in the bay area today are widely acknowledged to be global leaders. The CEO of Google is an Indian who graduated from IIT Chennai and the CEO of Microsoft is also an Indian who graduated from Mahi pal Institute of Technology in the state of Karnataka.
Even those who are critical of India and its accomplishments concede that Indians have played a major role in shaping global trends prevalent in the high-tech sector. Not all westerners are as appreciative of the role played by Indians in Silicon Valley as many in India would like to believe, quite a number of western engineers believe that Indians steal American jobs only because they are cheap labor. Such engineers who have a poor image of Indian talent are found to work in some of the best technology companies in the world, yet even these foreigners acknowledge that India is a technology giant and that Indians have helped shape Silicon Valley.
Regular travel back and forth between Bangalore and Silicon Valley is common among techies whether they are Indian or not. Thus service apartments in Bangalore have a wide range of clientele, many of whom come even from regions such as China, Japan, and South America. hile the largest chunk of new apartments in Bangalore are constructed with plans to be sold to end users, as Indian technology companies gain an even stronger global footprint, affordable apartments in Bangalore may be built along lines similar to some properties in Mumbai. Hence in the future, many residential apartments in Bangalore may turn into vanity homes used to instill awe in those who happen to visit residents of such homes.
A majority of builders in Bangalore earn revenue by constructing homes for the middle-class or upper-middle-class households. Such properties are the largest segment among new projects in Bangalore and demand for them is unlikely to abate in the near future. However what really signifies that a realty market has matured is the presence of vanity homes or vanity developments which are meant to stun and inspire awe among any who pass by or visit homes in such developments.
Once Bangalore has developments such as those that house ultra-luxury apartments in Mumbai, we may conclude that Bangalore realty is truly at par with the two largest metro regions in the country, the MMR, and the NCR. For Bangalore to achieve greater prosperity it needs a global footprint that is not three or four times larger than it is today but one that is ten or twenty times bigger than the current one. Only then will it successfully shake off its current image as a destination for largely cheaper outsourced work in the minds of many of its foreign sceptics. Even a country as small as Finland provides technology solutions that are regarded to be more high end than those provided by most Indian companies.
The recent acquisition of a firm by Apple in Hyderabad is both good and bad. It’s good because it demonstrates that Indian technology is on the radar of global tech giants and bad because the small company of fewer than twenty employees did not have the vision or the means which would make it aspire to become as large as Google, Apple or even a far smaller tech giant. Hotmail was sold to Microsoft by Sabeer Bhatia and it was then that the scope was Indian prowess in technology was acknowledged worldwide, yet Sabeer Bhatia did not aspire to become another Bill Gates but rather sold his company to someone who has transformed Hotmail into something far more than a simple email service. Perhaps Indian technology companies should resist the temptation to sell off to far larger global companies, then perhaps we may be bombarded with stories in a decade or two regaling how an Indian company refused the temptation to sell and today is valued far above the company which wanted to acquire it.