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Real Estate >> News
Bangalore City - Standing Tough and Robust For Real Estate
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Bangalore, the Silicon Valley of India has been at the front of growth and development in the asset market of the country. This city has been thriving with new developments across the subsectors of real estate. The commercial spaces, contemporary residential units and the upmarket retail destinations have upheld their expansion and appreciation over the last decade.
Being the IT and ITeS hub of the nation, significant investments have been decanted in Bangalore for creation of office spaces in the locations like Whitefield and Electronic City. The sprawling business districts and residential localities in Bangalore have transformed the erstwhile Garden City into a cosmopolitan core of trade and commerce in India. In the present day, integrated residential projects have been upbeat owing to the rising demands of self-contained habitations in the metro regions.
Upcoming projects like the Prestige Lakeside Habitat, Nikoo Homes and Hiranandani QueensGate are the spearheads decisive growth and innovation in the realty sector of Bangalore. Availability of, premium properties, world class amenities, well planned residential hubs and reassuring infrastructure has elevated the Bangalore realty market to a stature for world recognition.
More foreign investors like the Jumabhoy family from Singapore and the GIC, Singapore government's wealth fund are eagerly investing into the luxury residential and commercial sector in Bangalore. Moreover, leading developers like the Prestige Group , Bhartiya and House of Hiranandani have upheld their development sprees and consistently adorned the lucrative real estate sector in Bangalore. Over the past few years, a supportive gesture form the government has entailed the creation of elevated expressways, broadening of the service lanes and enhancement in the connectivity via metro and rail in this city.
The Bangalore real estate market has been faring well and comparatively mature when compared to other regions. Interestingly, the real estate partakers, especially the developers in Bangalore have processed their construction and delivery schedules in tandem to the enduring demands which is contrary to what they adopt in an investor driven market. The leading developers have upheld their committed schedules of delivery and gratified the buyers with modern-day realty solutions.
Bangalore city is the destination which has been prospering with doses of growth and expansion across the subsectors of real estate. Along with the eased FDI policies and the regulatory framework in place, the prospects for further growth of real estate are expected to be even brighter.
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