Bangalore is one of the highly populated urban cities in India with a population of approximately 8.4 million people. It is considered the silicon valley of India with most of the IT/ITES companies headquartered here. Real Estate property in bangalore has gained tremendous momentum and captured significant traction in the national and international market. In the last two years, Bangalore has witnessed more demand and growth when compared to other cities. The chunk of demand comes from the IT/ITES Sector. The returns in capital investments are pretty high because land is in short supply. Individual office space development was seen in non-central areas considered as a micro-market, that is, Indiranagar, Koramangala, Jayanagar, Malleshwaram, JP Nagar and Rajajinagar. A good social infrastructure and minimum space are the reasons for good performance in this area.
Apart from this areas like Outer Ring Road, Electronics city; Whitefield, Bannerghatta Road, North Bangalore and Hosur have emerged as promising locations. The reasons for this are closeness to the IT/ITes offices, social infrastructure and affordable prices. The prime spot is the Sarjapur road, which is close to the ring road with easy and convenient access to the IT companies. new projects in bangalore micro-market is garnering interest because of the KIADB Industrial area and the Special Economic Zones. In addition, this area is attracting interest from the NRIs and high net worth individuals after introducing the Bangalore International Airport. There are many apartments and villas coming up for the mid-income and the affluent groups.
Places like Hebbal, Yelahanka, Thanisandra and Hennur have also emerged as reasonable investment destinations. Proximity to the IT/ITes offices, affordability and easy access to other essential commodities are the key factors for improvement in this area. Commercial and residential sectors are developing considerably due to the increased commercial activities taking place in the city. Real Estate is proving to be a success story luxury flats in bangalore because of its decent infrastructure, proximity to schools, colleges, supermarkets, malls, etc., and a good number of projects in prime locations. All these factors finally boil down to one main factor, which is the customer/investor satisfaction. Multiplexes, gated communities and constructions with exceptional architectural designs have added to the success story.Other areas in Bangalore that are demonstrating excellent prospects of growth and emerges as promising investment destinations.
Electronic City is a good residential area in Bangalore and is located around 18 kilometers from Bangalore central via the Hosur Road. Spread over 332 acres (1.3 km), Electronic City is one of the largest Electronic Industrial Parks of India. The area was developed in three different phases and is surrounded by Bommanahalli, HSR Layout, Kammanahalli and Bilekahalli. The area enjoys good connectivity to all points of interest in Bangalore. The City Railway Station is located at a distance of 22 kilometers from Electronic City while the International Airport is located at a distance of 21.5 kilometers via the Electronic City Flyover and Hosur Road.
Whitefield, located in East Bangalore appears as an emerging IT hub of Bangalore city. The IT/ITEs boom of metropolitan city reshaped Whitefield as a major suburb and now it became as a major part in Bangalore. Here you will get to see many reputed multinational companies, which assures good job opportunities to rofessionals.These areas are envisaged to fetch whopping returns in future and appears as great bet for the early investors and end users.