In tete-a-tete with some of the leading developers of the city
Bangalore has immense potential to grow and has grown tremendously. Listen what the leading developers have to say about the upcoming development in the city
Today, the one city that has urbanised tremendously in past ten years is undoubtedly Bangalore. In recent years, the city has seen enormous expansion and growth in various fields. Among these the field that has flourished the most is the IT sector which gave the city its name ‘Silicon Valley’. And this sector has definitely attracted real estate developers to make huge investments.
Mr. Riaz A., Digital Marketing Manager, Ozone, says, “Bangalore is delivering the best results among all the metros across India in the context of real estate.” He further added, “Bangalore has huge opportunity for both commercial and residential markets, where in, there is a consistent raise of interest in the people to invest in Bangalore. “
Currently Bangalore has become one of the imminent residential and commercial market in India. And seeing the progress with which it is developing, we can say that it is the best time to invest in Bangalore. Mr. Guru Prasad, Group Head, Fortuna Projects, says, “With presence in Bangalore, the investment options are undeniably lucrative and easy to access.”
He further added, “In Bangalore we have options for both long term and short term investment and all investments are linked to fruitful and constant returns for the investor.”
With the Indian government allowing Foreign Direct Investment of up to 100% under the automatic route in real estate projects, investing is no more a constraint for the NRIs. This investment will not only be for housing, townships, commercial sector but also for industrial construction.
Being the IT hub of India, Bangalore has multi-cultural population with excellent educational institutes and new upcoming infrastructure. It has large number of emigrants who live and work in the city. The expatriates have sophisticated taste and are cultured. With the increase in their population the demands for residential properties have increased in Whitefield, Outer ring road, Sarjapur Road, Whitefield and North Bangalore.
With the increase in the population the demands for residential properties have increased in Whitefield, Outer ring road, Sarjapur Road, Whitefield and North Bangalore.Mr. Ria z A. says “As Bangalore continues to grow, North & South Bangalore is growing with higher rate. Good infrastructure projects are already under way, and some of them are almost complete.”
For any area the primary lookout is the availability of basic infrastructural facilities which includes water supply, educational institutes, hospitals, work places, hospitality and connectivity to roads as well as other conveniences like airports and railway stations. “Today North Bangalore has emerged as the hub of high-end residential & commercial units, especially in and around Devanahalli, Hebbal and Bellary Road. All this is due to the new international airport and the infrastructure projects under way,” Mr. Riaz A. further added.
The developers need to have more unified townships planned to maintain a good mix of a residential and commercial development catering the growing needs, as against the old school of thought which comprises of commercial zone at one end and the residential at the other. Such a structure is no more workable in Indian context. And that is where North Bangalore is more flexible.
At present North Bangalore holds immense potential in terms of realty development. The residential development is far ahead of commercial here. Due to the good connectivity and infrastructure coming up in North Bangalore, handling large residential and commercial growth will not be a problem.
The USP of North Bangalore
Proximity to International Airport
Bangalore Metro Rail
High Speed Rail Link
Government talks about future economic activities in the area
With the coming of Electronic city in the South the demand for residential properties has increased. The Southern part of the city is developing at slow and steady rate but is not far behind the Northern part. Equipped with finer facilities for a modern lifestyle, the area has been populated with a good number of people over the years. And from the past few years it has witnessed a decent percentage of investment.
Added to this, the Government has sanctioned the development of Special Economic Zones (SEZs) within 2015. These SEZs include land in Electronic City, Kengeri, Varthur, Begur and Whitefield – all a part of South Bangalore.
USP of South Bangalore
It is close to major work centres along the ORR
Proximity to malls, theatres and hospitality
The south side of Bangalore town has been the home to many famous educational institutes including IIM (Indian Institute of Management)
Hospitals, shopping centres, recreational venues dot the area, while it is also home to many renowned industries like BPL, Hindustan Liver, Cauvery Foods etc.
Roads are well-connected to rest of the parts of the town. Jamia Masjid, Anjenya Swami Temple, Salvation Army Church are places of worship.
East Bangalore is a conveniently located area and has been in the forefront of business development in the city. Naturally bestowed with greenery, the stretch of the East Bangalore has developed over the years and is currently one of the most important places in the city. It is not only an IT destination but also has good social and developing physical infrastructure.
The USP of East Bangalore
House to renowned organisations like Wipro, Container corporation of India, Hinduatan Liver Research Center, Jaico Automobile Engineering, United Telecom etc., to name but a few.
Self-sufficient areas in terms of social and physical infrastructure.
The place is well-connected with rest of the parts of the town through all major means of transport.
It also has planned residential apartments, educational institutions, clubs and art houses.
West Bangalore is surrounded by vacant land parcels and is predominantly an industrial area dominated by warehousing and industrial activities. These industries comprise of large public sector units and various small-scale industries. The many infrastructure projects that are taking place in the direction of West Bangalore will lead to improved connectivity and increase residential values in the future. The upcoming residential projects there will attract buyers from the immediate surroundings due to improvements in the social infrastructure. As of now, investors and speculators in West Bangalore are still scarce on the ground. This sub-market is growing at a slower pace when compared to other markets of the city
This region holds immense potential for further real estate development.
The USP of West Bangalore
Western Bangalore is majorly a hub of industrial colonies.
Renowned industries have been settled here including Premier Engineering Group, Surya Electro Controls, Peenya Industrial Area (IV Phase III stage) which is home to industries like Parle G, ABB Limited, Bosch, Jindal and Volvo Construction Equipment, to name a few.
Along with industrial areas, many residential areas have also been built here with facilities for a modern life style.