Bangalore, the center of the IT industry in India, is today one of the fastest developing cities in the country. The IT boom gave rise to a number of job opportunities here, leading to an exponential rise in the population. The start-up culture has now taken root here, which has led to more jobs and a further influx of residents.
The city has witnessed rapid commercial development with the establishment of expansive tech parks and large, multinational corporate offices here. The residential real estate of Bangalore has kept pace with its commercial development and is growing at a rapid rate. The city is expanding in every direction and zone and today covers a vast area of over 741 square kilometers.
The number of investors in real estate in the city has increased exponentially over the last decade and a half. The robust and healthy residential real estate market in Bangalore has significantly contributed factor to this rapid increase in investors. The city is a stable location, well known for its peaceful, accepting, and multicultural vibe, which instills faith in homebuyers.
The physical infrastructure of Bangalore is also progressing and developing at a rapid pace and is quickly reaching international standards. Ever-increasing numbers of physical infrastructure work under development is greatly aiding in connectivity and accessibility, adding stability to the market. With a robust social infrastructure in place that is progressively growing, Bangalore is the favorite investment destination for home investors.
The real estate market in the city is healthy and is growing, owing to the robust physical and social infrastructure. Bangalore is the home of the IT industry, which provides it with a strong foundation and immense potential for growth. The city’s ideal geographic location puts it at low risk for natural calamities, a plus for the real estate market.
Tata Carnatica prelaunch residential township at Devanahalli, North Bangalore.