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Real Estate >> News
Infrastructural Inputs in the Building Of Real Estate in Bangalore
By
siliconindia
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Thursday, August 29, 2013
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Bangalore, the IT capital of India is a spectacular story of rapid growth and development in the realty sector over the last decade. Commercial hubs in the Electronic City and the residential belts along the Tumkur Road and Jalahalli area, stands as a testament to the heights scaled by real estate in Bangalore. This story of accomplishments has been identified so far, however, now it's time to glance at the future boosters which will significantly launch the realty sector into further course of growth in this city.
The recent past has witnessed, commissioning of few critical infrastructural projects which have considerably transformed the real estate sector in this city. NICE Road in the Tumkur Road area has been a significant boost to the growth of commercial and retail submarkets sprawling along Magadi road and Hosur. Other infrastructural inputs have come from the elevated expressway and internal road links. The connectivity induced through these civic-infra investments has dovetailed the development of major residential projects to be based in the vicinity of small manufacturing units and the automobile industries. Substantial investments have come from Indian Inc. majors and well known MNCs who have set up their branch and corporate offices in and around this area.
Bangalore real estate has also benefitted by the growing vigor coming from private equity investors and the upcoming developers. The dimensions of demand for residential units in Bangalore have consistently broadened, particularly in last five years. The sprawl of educational, retail and recreational zones in urban Bangalore has invited the residential construction to attain full swing of its operations. The Bangalore-Mysore Infrastructure Corridor (BMIC) that will be fully operational in future and the relocating commercial units along with migrating population from surrounding states will facilitate the residential real estate to scale further heights.
In addition to the catalysts of growth discussed above, the upcoming metro rail projects and the extension of connecting roads is expected to be the foremost promotional factor for real estate to grow in the region. Visualizing the interconnectivity to be advanced by the metro, elevated expressway and the BMIC is not only going to connect the residential zones to other pockets of commerce and retail but also will smoothen the linkage with surrounding states. The metro linkage in particular, will ease the traffic pressure on roads and therefore nurture the possibility of further constructions in residential real estate.
The flow of FDI from prominent international investors as well as the Indian Inc. has upheld the rising trend in demands for contemporary and integrated habitats in Bangalore city center. In pertinence to the growing infrastructural expanse and the thriving IT and Telecommunications sector, real estate in Bangalore is looking forward to be much more lucrative for buyers and investors in the future. With the growing disposable incomes of local professionals, premium properties and luxurious apartments is a subsector which awaits concentration of the leading developers in this region.
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