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Bangalore Real Estate Scenario

Once known as a pensioner’s paradise, Bangalore has come a long way with an image makeover. In the past few decades, Bangalore has been among the fastest growing cities in India and even the world. With the large numbers of IT hubs, large multi-nationals and promising start-ups located in many parts of the city, there has been an influx of professionals from all around the country and abroad. This has been a major force behind the growth of the real estate sector here and created a sharp rise in real estate values making Bangalore the third largest hub for High Net worth Individuals. There are a great number of Real Estate developers offering high quality spaces for both residential and commercial purposes, which has led Bangalore to emerge as an ideal place for people looking to invest in real-estate. The quality of construction and customer relations through transparency in operations have improved over the years. The real estate scenario varies depending on the part of the city.

North Bangalore:

The northern part of Bangalore is a rapidly developed zone that has seen a quick rise in its real estate value in recent years. There are number of areas like HBR Layout, Hebbal, Peenya Industrial area, and Yeshwantpur that make up the major localities of Northern Bangalore where there have been a good amount of residential projects undertaken. With a vast area that is covered by eucalyptus and bamboo plantations, this part of the city is surrounded by greenery. A good number educational institutes have been established here as well. With the improved social and physical infrastructure available here, investments in real estate started to increase leading to the current real estate values. Much awaited projects in this part of the city include Prestige Woodside, Orchid Greens,

South Bangalore:

The southern part of Bangalore has been the home to many famous educational institutes including IIM (Indian Institute of Management). Equipped with multiple facilities to suit a modern lifestyle, this part of the city has been populated with a good number of people over the years. But due to comparatively poor urban and social infrastructure in the south of the city, there are not many high-end residential developments here. Among the residential developments here, the prime projects include Salarpuria Greenage, SNN Raj Lakeview, Purva Highlands and Sobha Forest View. A number of popular hospitals, malls for shopping and recreational venues are coming up in this area, and with roads to and from many areas in south Bangalore well-connected to the rest of the city, real estate values here has improved.

East Bangalore:

This part of the city has been in the forefront of business development in the city. One of the biggest IT hubs in the country, Whitefield is located in this part of Bangalore. Naturally bestowed with greenery, east Bangalore has developed over the years and is currently one of the most important places in the city. Renowned business organizations are branching out to this place, which has been a major driver for real estate values here. With a high number of residential and commercial projects offering great features and amenities for investors and well-connected roads to the other parts of the city, east Bangalore is an ideal place to invest in real estate. Planned residential apartments, educational institutions, clubs, art houses and shopping centers dot the area making it ideal for the mid income housing segment. Popular residential projects here include Brigade Crimson tower and Sterling Infinia.

Western Bangalore:

This part of Bangalore is majorly a hub of industrial colonies. Over the years, many renowned industries have been settled here. The southern side of this place has lush natural surroundings. Although it was previously known as an industrial hub, many residential areas have also sprung up here. Many popular residential projects by well-known builders have been developed here in the recent past. With facilities suited for a modern life style made available, western part of Bangalore soon experienced a growth its real estate values and became a preferred location for investors in real estate. Bangalore west comprises of over 35 different wards. Some popular localities in this part of the city where there have been a number of successful residential projects include but are not limited to Rajajinagar, Basaveshwara nagar and Vijaynagar. Upcoming projects in Bangalore west include Prestige Westwoods and One Bangalore West.

Central Bangalore:

Central Bangalore which has grown over the years, consists of a well-connected network of localities, both commercial and residential. Spread over a huge land area, this strategically important place is the home to a good number of residential colonies, both old and new. Also, this is where many renowned hospitals, educational institutes, government offices, a multitude of malls for shopping and entertainment centers are situated. With its prime location, the areas in central Bangalore are well-connected with rest of the areas of the town. This invariably led to the skyrocketing prices in real estate. Many popular builders, both new and old have successfully completed many landmark projects in central Bangalore.