The capital and largest city of Indian state of Karnataka, Bangalore, was founded in 1537 by Kempegowda. The city is perceived for religious views, ancient temples, lakes, gardens, palaces, forts, flora and fauna. But Apart from this, the beautiful city is also about IT companies, BPO sector and many other sector companies. As Jawaharlal Nehru called it “the city of future”, the city welcomes the new talent whole heartedly and offers the immense opportunities to the crowd. The vibrant atmosphere of the city attracts everyone to allay at this astounding place. With the warm welcome that it gives to the new comers, the city of dreams has become the fifth most populated city in the country. The city is also a place for commercial center with scientific and research activity. In its earlier time the city did not saw much infrastructural developments but with the passing time the city was influenced by some great developments. With the booming of technology in the city in late 1980s, the city saw the developments in the construction sector also. The major developments in the IT sector attracted the young generation towards this cosmopolitan city. This brought the unexpected increase in the population of the city and thus the demand for residential housing increased with the booming of IT department.
The delightful place, Bangalore, showed some marvelous creations in the real estate Bangalore. Being it as the IT hub, the city witnessed the growth of commercial sector in the real estate market. Many builders emerged to venture in this sector with the constructions like IT centers, TI parks and offices. Therefore, the demand for the commercial and retail spaces in the city also raised the price of the commercial property in the real estate market. With this the residential market also grew with great speed. As the population that migrating to city increased the demand for the residential place also increased. Some of the areas like Ring Road in South Bangalore, Thanisandra Road, Sarjapur Road and Yeshwanthpur have been endowed with finest residential developments. Apart from local builders, the other from North India like Supertech are launching their grand residential venture at Thanisandra road with the name Supertech Micasa Bangalore. Thus the city is elegantly developing to accommodate the maximum population and to serve them with finest opportunities and lavishing style. Bangalore has now become the place of impeccable infrastructure that is added as the another reason for city attraction.
|Real Estate Market Bangalore Rising|