Sunday 27 October 2013

BOOMING REAL ESTATE SECTOR IN BANGALORE

Bangalore is the fifth largest city and third most populous city in India, considered as one of the hot spot for real estate investment. It is called as the silicon valley of India which is situated in the state Karnataka. It is well known that the India’s leading Information Technology companies, many software companies, telecommunication industries; educational institutes etc are established here. Due to these facilities many developers are constructing their residential and commercial projects in Bangalore.
As the demand for residential and commercial property increases the property prices will also gradually increase because of the boom in IT sector. Bangalore is considered as the dream place for IT professionals’ and the growth of IT sector will boost the real estate market. As a result plenty of job opportunities are available here leading to migration of people to this city, thus the demand for residential property has become high. Fast developments are taking place in the infrastructure of the Bangalore. As a result real estate developers are building their new projects in different parts of the city. Most of the developments are taking place in areas like K R Puram, Sarjapur, Bannerghatta Road, J P Nagar, Marathahalli, Jayanagar and Kanakapura Road.
Residential properties are available at different prices as per the needs of the people. Even though property prices have gone up the demand is not reduced. Today people are ready to buy properties even at high rates and have developers are focusing on constructing high and upper middle class projects with new trends and technologies.
Some upcoming projects in Bangalore are
*Unity Realty of Unity Infraprojects are planning to invest hundreds of crores in housing project . 
* Sunil Mantri Group is planning to invest Rs 250 crores in integrated housing projects with modern facilities.
*Shriram Developers also has residential projects in Bangalore.
Bangalore is considered as the best place to buy property as per the current trend.

see more: www.bangalore5.com

1 comment:

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