Saturday, 31 October 2015

Bangalore "The Silicon Valley of India", To Become Hot Property In Coming Years.

Bangalore is known as the "Silicon Valley of India" because of its role as the nation's leading information technology (IT) exporter. Indian technological organization's ISRO, Infosys and Wipro are headquartered in the city. A demographically diverse city, Bangalore is the second-fastest growing major metropolis in India.

It is home to many educational and research institutions in India, such as Indian Institute of Science (IISc), Indian Institute of Management (Bangalore) (IIMB), National Institute of Fashion Technology, Bangalore, National Institute of Design, Bangalore (NID R&D Campus), National Law School of India University (NLSIU) and National Institute of Mental Health and Neurosciences (NIMHANS). Numerous state-owned aerospace and defence organisations, such as Bharat Electronics, Hindustan Aeronautics and National Aerospace Laboratories are located in the city. 

Bangalore has a multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. Currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and North Bangalore.The city has been the fastest-growing city of India since the past few decades. 

IT has been the major growth driver and is responsible for aggressive real estate development in the city. There is good reason why real estate in Bangalore is proving to be a huge success. State of the art infrastructure, all amenities in close call and projects in prime locations has all added up to the value of properties in Bangalore. To name a few of the hot locations in Bangalore: Whitefield, Koramangala, BTM Layout, HSR Layout, Malleshwaram, Indira Nagar, M.G Road, Ulsoor etc are some of the most wanted localities by Investors & Developers. 

Bangalore is one of the most promising markets for villa projects in India. Villa and row house developments are most active in the North Bangalore, ORR, Sarjapur Road and Whitefield micro-markets. High-end residential property buyers in Bangalore are very sensitive in terms of amenities, product quality and unit sizes. 

Lots of new projects, multiplexes, gated communities & constructions with excellent architectural designs have come up in Bangalore. The real estate success in the city is a symbol of the investor satisfaction. Builders have delivered the projects keeping in mind the needs & demands of the potential buyers. Today, owning a property in Bangalore is sure to yield good returns in the future.

Appreciable fact is that even the outskirts of the city is developing at a rapid rate, making the projects a good buy throughout the city.

1 comment: