Bangalore is the original Information Technology (IT) destination of India. The city of Bangalore is the primary hub of the burgeoning IT industry of India.
For the past few years many Information Technology enabled Services (I.T.E.S) and Business Process Outsourcing (BPO) companies have set up offices in Bangalore. This has created an active demand for commercial and residential properties in Bangalore.
In the commercial segment of the Bangalore Real Estate, office spaces are the most in demand. This is due to many IT companies either shifting base to Bangalore or expanding their office floor area in the city. The property developers are also catering to the customers by building 'state of the art' constructions. Some example of this trend is the environment friendly 'Green Office' buildings.
The retail segment in the Bangalore Real Estate is also strong; thanks to the rise in disposable income among Bangaloreans.
The Residential segment in Bangalore Real Estate has also shown amazing developments. Real Estate developers are constructing unique properties to attract the cream of the prospective real estate consumer. New trends are European style villas and look-alike American skyscrapers.
The Real Estate in Bangalore is also witnessing a new trend-the construction of 'Serviced Apartments' aimed at business travelers coming to the city. These apartments are a substitute for expensive hotel rooms. These apartments will offer short-term stay and cater to the requirements of corporate, businesspersons, and expatriates and also to the well-heeled tourist. Bangalore currently has around 1000 serviced apartments and there is an active demand for more of this facility.
Bangalore city is expanding to the north and new centers like Whitefield, Bellary Road and Hebal are being developed. This will bring a plethora of opportunities in the real estate sector for prospective investors in Bangalore.
Bangalore Villa
Villas as an option for residential accommodation is coming up in Bangalore. Major builders are offering the villas in the Bangalore Real Estate Market.
Some of the major locations where villas are located in Bangalore are
- Whitefield Bangalore - East, Karnataka
- Arathahalli Bangalore - East, Karnataka
- Bannerghatta Road Bangalore - South, Karnataka
- BTM Layout Stage 2 Bangalore - South West, Karnataka
- HSR Layout Bangalore - East, Karnataka
- Kalyana Nagar Bangalore - North, Karnataka
- Koramangala Bangalore - South East, Karnataka
- Lavelle Road Bangalore - Central, Karnataka
- Sarjapur Road Bangalore - East, Karnataka
- Jakkur Bangalore - North, Karnataka
Last Updated on : 03/12/2013
