Since Bangalore is a promising hub of the revival of growth in the information technology (IT) industry, this progressive city is escalating promisingly in the real estate sector also. With so many IT and IT enabled companies back in hiring mode, there has been a surge of activity in the commercial real estate segment that has direct relation with the economic scenario of Bangalore.
The property experts are of the view that Bangalore being the country’s thriving IT supporting city, is fast expanding its existing facilities thus to takes in more people, while simultaneously settling up the new ones. At the same time the real estate scenario is thriving aggressively to match the hiring spree that the IT business is demanding in the present times.
Bangalore (Bengaluru) is India’s garden city and technology capital. Its high value real estate in residential, retail, commercial and office space segments are in high demand. The lucrative property market is spread in leading residential locations such as Sarjapur Road, Whitefield, Marathahalli, Bannerghatta Road, HSR Layout, Electronic City, Koramangala, Hebbal, Indira Nagar, JP Nagar, Yelahanka, Hosur Road, Bellandur, Ramamurthi Nagar, Uttarahalli, Old Madras Road, Kanakapura Road, Jayanagar, Airport Road and ITPL.
In commercial properties, Koramangala, MG Road Area, Indira Nagar, Whitefield, Infantry Road, Cunningham Road, Lavelle Road, Jayanagar, Richmond Road, Brigade Road, Hosur Road, Residency Road, HSR Layout, JP Nagar, Electronic City, Domlur, Ulsoor, Bomasandra, Jigani, Airport Road, Basavanagudi, BTM Layout and Marathahalli are important.
NRIs favour Bangalore for its cosmopolitan crowd. Within Bangalore, South-Bangalore is the hot favourite of all; dotted with ultra luxury residential projects, malls, retail outlets and other social infrastructure. In Bangalore South comes, areas like Koramangala, Bannerghatta Road, Sarjapur Road, Hosur Road, Outer Ring Road, Jayanagar, JP Nagar, HSR Layout, Kanakapura Road and Banashankari.
The growth of Bangalore is benefiting the hotel industry too. Players like Indian Hotels Company, East India Hotels and Hotel Leela Venture are heavily expanding in the city.
Some of the significant residential Projects in progress are Adithya's Palm Dwells, Off Hennur Road: Nishita's Palazzo, Apartments, at Green Glen Layout, Bellandur, RV Laxman Villas, Residential Apartments at Uttarahalli Aakruti Amity apartments, Electronic City, Vahe Landmark, Apartments, at Vinayakanagara Varthur, Silverton Apartments near Electronic City.
Sonesta Rajatha Greens, Apartments in Nagwara: Pinnacle apartments, Old Madras Road; Opal Akshaya apartments Off Bannerghatta Road: Galaxy Orchid Enclave Apartments in Whitefield, Passion Elite Apartments in Electronic City, H L Villas, Off Kanakapura Road, Nelguli, Niranjan Maxima, Apartments in Arekere, Bannerghatta Road; Aditya Tussar, Apartments in Silk Board Junction, Hosur Road, Shilpitha Splendour.
Marathalli; Ganga Vertica, Luxury Apartments in Electronic City, Opposite Wipro Gate: Pyramid Banksia, Residential Apartments in Jakkur Road Yelahanka and Kritika Residential Apartments in Banashankari Third Stage.
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