Bangalore, hailed as the “Silicon Valley of India”, is the capital city of Karnataka. This Information Technology Hub is the third most populated city in India and is also ranked amongst the 10 most preferred entrepreneurial locations around the world. Apart from information technology companies, Bengaluru is also home to many public sector business enterprises in heavy industries, aerospace, telecommunications, etc. This introduction is evidently enough to underline the city’s contribution in India’s economy. But there is actually even more to know about the Lucrative Real Estate Market of Bangalore and continue reading to know what it is!
The Real Estate Market of Bangalore, previously known as Bengaluru, started developing in late 1980’s, after the establishment of first multinational company in the city which was known as Texas Instruments. The main cause behind the rapid growth of Real Estate development between 1980’s and 1990’s in Bangalore was the inclination of capital investors towards the city. These capital investors were not only from Bangalore but from different parts of the country and used the massive plots of lands to make multi-story apartments. The colonial buildings of the British era were also converted into gigantic Office Buildings and luxury Residential Apartments.
The Real Estate Sector of Bangalore is also affected by the innumerable developments that are taking place in this technological hub. The assurance of good returns on the Realty Investments in Bangalore has made this place a favorite amongst Realty Sector Giants. The price of Residential and Commercial spaces in Bangalore is much higher than most other metropolitans of India and the prices are expected to rise even higher in the near future due to the fast paced development of the city in various aspects.
If you are thinking to buy a luxurious apartment or office space in Bengaluru, then you will surely end up making a great deal. Many Residential and Commercial Premium Realty Projects have been accomplished, while many are still in the pipeline. You can search through the websites of reputed Builders and Property Holders to get more information about the land rates and the upcoming Realty Projects.