subject: Giant Leap In Residential Property Of Bangalore [print this page] Bangalore has achieved an amazing success in development of residential property termed as Silicon Valley. Information Technology started to expand in a few years and has brought a complete transformation in Bangalore residential property market development. Residential property rates have been raise the top in most parts of the city where necessities, more expansion of the city includes areas lying near by for further developments. Bangalore real estate developers are achieving the total succcess and undertake more resdiential property along with the development of commercial and residential sectors, development of IT parks, business centers, shopping malls, multiplexes, projects line up for execution in future. Apart from the development of commercial properties, builders are also coming up with the ideas of residential property of townships, apartments, houses around the city of Bangalore. Some property analysts believe that Bangalore is possibly the safest location for investment in the world.
IT/ITES sector, advanced infrastructural set up and higher education facility has bought unprecedented growth to the Real Estate sector of the city, Bangalore, Karnataka. As Bangalore is known as Silicon Valley of India due its extraordinary boom in IT and ITES sectore. The residential property in Bangalore has been observed taking a higher leap every time due to its IT boom which is still showing progress. The rise in the buying of residential property brings the resulted in total sell out of the prime locations of Bangalore, from now even nearby Bangalore area are in huge demand. These demands have put forth a new picture of resdiential property development in Bnaglore.
Some of the prominent areas like Bannerghatta Road, Electronic City, Hebbal and Whitefield that are the most sought after areas of Bangalore which offer excellent profit margin. Besides, M.G Road, Richmond Road, Landford Road, Jayanagar, Koramangala, Indiranagar and many more have witnessed highest residential property rates. Luxurious lifestyle is the trend here which also contributes to the boom of real estate sector. Multiple storied level residential property are being planned on the outskirts of the city area.
The tendency of residential prpoerty in Bangalore Contrived to greater level from its start point to till date and Bangalore has witnessed many incredible luxury townships as well. Also International and national property developers developing properties in International standards. These developments in the history of real estate market in Bangalore have fascinated many global tenders for the infrastructure development in the city reputed builders and developers some are House of Hiranandani, Prestige Group, DLF Group, Sobha Group, Brigade Group and many more... The work potential of builders has answered to many housing solutions and reality demand due to high influx of people round the globe.
The Silicon valley of India is focused on the dot-com business of India and thus the real estate prices of commercial and residential properties are at high cost. Bangalore real estate trend have been redefined and there are only 15 Special Economic Zones (SEZ)S all over the city. Bangalore or Bengaluru has shown incredible economic progress and the fast developing city in Asian continent.
