Bangalore, also known as Benagaluru, is the capital of Southern State of Karnataka. Also known as "Silicon Valley of India", the city is a hub for umpteen software and IT industries. Bangalore is also home to some of the most prestigious educational colleges and research institutes across the country. With the economic growth of 10.3%, the city has become a major cultural and financial focal point of India. The 2004IT.com event held in the city suggests that Bangalore is the fourth best IT hub in the world IT firms with almost 30% of India's software pool resides in the city.
Bangalore, becoming a residential hub:
Bangalore is highly favored by top notch tech industries in India and overseas. Furthermore, being powered by the IT/ITES companies which are the major drivers of the city are contributing to the real estate in Bangalore. Other than this, the city is blessed with various features like suitable climatic conditions, pleasant weather and majestic view along with the ultra modern shopping complexes, great night life with best business opportunities. These all play a major role in making Bangalore properties, a lucrative offer for the potential buyers. Bangalore real estate not only attracts domestic buyers but is also becoming the epicenter for the NRIs planning to invest in India.
Other than this, Bangalore has always been Fashion Capital of India. You go anywhere in the city, you can witness the fast changing trends in the fashion. This has made, this city, a preferred residential hub for the youngsters. All these factors have been responsible for the boost in the Bangalore real estate market.
Investment in Bangalore properties:
Making an investment in the properties in Bangalore derives huge profits. The main reason behind this is the fact that FDI policies in India are very attractive and liberal. Therefore, umpteen NRIs and multinationals get a fair chance to relocate in the country. This has made Bangalore, the first choice for investment by NRIs.
Increase in Bangalore Properties:
In the last couple of years, the city has witnessed immense constructional development, both in terms of residential and commercial construction. As many multi-national companies and big giants of IT industry are establishing their roots in the city, more and more professionals are making, the city their permanent home. This has increased the demand of opulent residential institutions that can accommodate the ever increasing residential demands. Even various renowned builders and real estate developers are taking keen interest in the real estate Bangalore and are launching their ambitious residential projects in the city. Most of the developers are focusing on the apartments that offer opulent lifestyle at affordable rates. These developers are bringing up with the projects that offer "Affordable Homes."
Builders and Projects in Bangalore:
Many real estate builders like Puravankara Projects Ltd, Prestige Group, Ozone Groups, Tata Housing and NItesh Group have projected some of the best residential complexes at the prime locations like WhiteField, Sarjapur Road and JayaNagar. These projects are expressing the rise in the real estate Bangalore, as these projects witness trend of getting booked much before the completion period.
About Author / Additional Info:
InvestInNest is a Specialized India Property Advisor to offer the service to Mostly NRIs, to invest money in India's expanding real estate Sector for last 10 years. To get details visit for other related information: http://www.investinnest.com/properties/city/bangalore/bangalore_property.htm