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Real Estate >> News
Bangalore...And Its Unique Real Estate Sector
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The terminus target of FDI and NRI investments, the symbol of rapid urbanization and the capital of IT and ITeS sector is Bangalore, the Silicon Valley of India. A recap of the growth history in this city rhymes the symphony of real estate and service sector, scaling heights of success in sync. The growth and development of real estate sector has been in tandem to the growth of service sector which has acted as a booster to the demands of real estate assets.
The residential sales trend in Bangalore has been steady along with a robust expansion of infrastructure in the metro regions. The infrastructural inputs in road links elevated express way and strategic assets like Greenfield project of International Airport has further enriched the connectivity in all directions of the city. Once known as a garden city, Bangalore has under gone a significant make over in the present times.
The reassuring infrastructural assets and concentration of literate populations along with higher education & research institutes in this city have been tremendously encouraging for the expansion of real estate operations. The rapidly developing commercial zone and hamlets like the Electronic City have been attracted a huge number of immigrants and subsequently increased the demand of residential units. This has been further complimented with the occupancy of major Indian and International corporations in this city and substantially created employment opportunities and increased the disposable incomes with the local professionals.
The elevated lifestyle of the local population and thriving service sector in the domains of IT, telecommunications and research has been promising for the realty sector. The demand for residential units has been observed to be in the favor of end-users and therefore the real estate demand and supply equation has been more or so insolent to speculative fluctuations. The growth in residential sector has sprawled to the outgrowths of the metro regions and the growing connectivity and demand for commercial spaces has further encouraged a comprehensive growth of construction activities in this city.
The increased preference of premium properties in Bangalore is another advantage of the opening up of the FDI investment channels in real estate sector of our country. The exposure to the international practices and trends in real estate with the increased flow of funding from abroad has transformed the face of residential realty in this city. Owing to the nature of demands for immovable assets and the support from persistent infrastructural upgrade, Bangalore city stands out to be the most favored destination for habitation and real estate investments in the country.
The planned and upcoming elevated expressway, metro links and road circuits in Bangalore will be crucial to the maintained graph of growth for real-estate in the coming future. Even though the Indian economy has been clogged with sluggish growth and an alarming fall in the demand from manufacturing industries, real estate in regions like Bangalore and other metro cities has upheld the rising graph of realty operations.
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