Bangalore is known for amazing cosmopolitan culture, awesome and tranquil weather and equally good and trendy lifestyle. Owing to these attributes, the city holds a magnetic charm and attracts a good number of investors every year. Real estate in Bangalore has a vibrant market due to various reasons. The city has also earned the name of ”Silicon Valley of India, ” as it incorporates the largest number of Information Technology (IT) and Information Technology Enabled Services (ITeS) companies such as Infosys, ABB, Convergys, HCL, IBM, Cisco & many more. In fact the city is recognized for being the pioneer of IT revolution in India and is a home to many leading public sector undertaking companies from the defence, aerospace and biotechnology domain. According to the report revealed by Forbes magazine, Bangalore. The city is on a continuous growth spree with many projects are on the threshold such as Devanahalli Business Park, Embassy Knowledge Park & Manyata Embassy Business Park & many more. The city not only enjoys the reputation of being a vogue and high-tech city but also has a rich cultural, historical & archaeological ethos. One can explore many places such as Bengaluru Palace, The Fort, Lal Bagh, Tipu’s Summer Palace, Attara Kacheri & many more. All these factors have significantly contributed in the growth of Real estate in Bangalore.
Apart from this one of the major reason that has pushed the Real estate in Bangalore is the development of proposed Peripheral Ring Road (PRR) that will connect Hosur Road & Tumkur Road via K R Puram and Bellary Road, once functional. It will increase the accessibility to various realty markets such as Hebbal, Marathahalli, HRBR Layout & Yeshwanthpur etc. This had led to positive sentiments among the buyers as many real estate developers are shifting their focus to these markets. Another major development that is lined up is the under construction Bangalore-Mysore Infrastructure Corridor (BMIC), that is a four to six lane expressway connecting Bangalore and Mysore. With many proposed townships entering into the space, the Residential projects in Bangalore is envisaged to grown exponentially in near future and expects to reduce travel time between Mysore and Bangalore from 3 to 1.5 hours. The 22-km stretch between Hebbal flyover and the Kempegowda International Airport, has opened and is a signal free gateway. This has led to decongestion and cut down the commuting time from 60 to 20 min, from Hebbal to Kempegowda International Airport. The Government has initiated the a slew development especially targeting the Northern hemisphere of Bangalore such as planned Information Technology Investment Region (ITIR), Aerospace SEZ and Devanahalli Business Park- All at Devanahalli. In the coming time, it is expected to unlock the value of the place and boost real estate in Bangalore to the next level. As these developments are likely to create at least 300,000 white collar jobs in & around Devanahalli in the coming time, it would not be wrong to say it also mark the golden period of Real estate in Bangalore as it will also push the demand for residential units .