According to
the 2011 census, Bangalore had nearly 8.5 million populations, which is the
third most crowded city in the country. The city is also known as the Silicon
Valley of India. The city is blessed with a great climate, gardens & parks,
natural lakes, architectural landmarks, shopping malls, the best restaurants
and pubs. The city is visited by the business travelers for its IT capital.
This city is
growing at a rate of 12% annually, which is major aspect that attracts foreign
investments in Bangalore. The garden city is also becoming the main center for
research and development of new technologies like Nano Technology and Bio
Technology.
Intensive
real estate growth and floating population have put wonderful pressure on
Bangalore.
Bangalore real estate is
always an active and innovative industry, which keeps on experimenting in
identifying new channels of expansion. Bangalore is rising exponentially in
different segments, mostly IT, making it a promising investment destination.
The
developers are catering to the investor demand in raising a competitive marketplace
for modern office spaces. The city holds the largest percentage of end buyers
compared with other cities and is able to substantiate price escalations. The
real estate triumph in the city is a symbol of the investor satisfaction. So, the
real estate picture of Bangalore is good.
