Demand of commercial property in Bangalore
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Demand of commercial property in Bangalore

By siliconindia   |   Thursday, July 3, 2014


Bangalore : Over the recent years, there is an outstanding change in the Residential and commercial sector in Bangalore. It is the fastest growing city in India from past few decades. IT industries are the major growth drivers for this antagonistic development. Most of the IT companies are coming up with innovative ideas to make their working space as creative and to boost up the productivity of the employees. Presently we can look at IT hubs, there is a complete overlook office with lush green gardens, jogging tracks for walking, vast water bodies, food courts, and cafeteria this gives convenience to employers. Being as an IT hub of India, Bangalore has an enormous population with good infrastructure, standard educational levels, upgrading physical infrastructure and heart soothing amenities. When compare to other the Bangalore cities commercial property sales could be the highest in the country because of the IT/ITES expansion. Bangalore stood in a second place in Asia-Pacific region. This is also driving the home demand. Every 100 - 200 sq ft office space will indicate the added employee to the work force. Currently, the commercial micro markets are Sarjapur Road, Whitefield, Marathalli, and north Bangalore. The demand of commercial property will strengthen in 2014 and 2015. As the economic condition improves domestically and globally. This situation was witnessed by many locations. One example of this demand is the residential area Yeshwanthpur in Bangalore, which is equipped with all metros, well-connected to outer ring road and elevated road to Tumkur is turning as a commercial hub. This is an idea to combine work and living in the same vicinity. Yeshwanthpur is inclusive of all super specialty Hospitals, Educational institutions, Malls, Super markets, Hotels, Complexes, theatres'. 'C&W Executive managing Director, south Asia Sanjay Dutt' stated that the growth of IT/ITES sector has been affected by the global economic scenario. We expect that industry to benefit in terms of increase in exports of IT services from India, Dutt stated. An expected improvement will undertake in the year 2014 second half this results expansion and demand for commercial property office spaces. According to a new report, due to the competition and demand Grade A space in Whitefield, Sarjapur Road will see better responses from the investors as well as developers.

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