Ready to move projects in Bangalore
Bangalore the silicon valley of India has become a flourishing market and has seen excellent growth in real estate prices in the last few years. Till now Bangalore was dominated by blue collar workers, due to the numerous small scale industries in the area; but with the various Indian industries and MNC’s setting up their offices in the city, there has been a complete change in the real estate market. More and more people are moving to the city in search of better employment opportunities and are looking for ready to move projects in Bangalore.
To meet the influx of people as well as companies the state government is continuously improving the infrastructure in the city, including development of peripheral ring road, the elevated high way from Silk Board Junction to Electronic City, the Marathali ROB and re-laying of the Outer Ring Road from Hebbal to Old Madras Road which will further give a boost to the real estate growth in Bangalore.
The upcoming new airport at Devanhalli, Bangalore has opened up many new real estate prospects and now developers are focusing on residential projects in the vicinity of the newly constructed Bangalore international airport. With the proposed Mumbai-Bangalore industrial corridor, the micro market is expected to benefit from the much needed economic driver which in turn will raise the demand of core real estate asset classes in residential, commercial, retail, hotel and industrial infrastructure.
The areas captivating the real estate business in Bangalore are Central Business District, Whitefield, North Bangalore and Outer Ring Road sub markets which have seen an increase in demand for high end residential projects. ORR IT corridor, electronic city as well as a few areas in North Bangalore have witnessed a steady demand from mid-income segment for completed projects in Bangalore, while Mysore Road, Hosur Road and Kanak Pura Road have quite a few affordable ready to move projects in Bangalore. Leading developers including Tata Housing, Godrej Properties, Usha Breco Realty, Ashoka Group are launching affordable housing projects in the outskirts of Bangalore where property prices are lower than the city central.
Some of the prominent developers in the area include the Prestige Group, Mahaveer Group, DSR infrastructures and Soorya Properties in Whitefield, Aratt Builders in Chandapura Anekal Road. There are few more ready to move projects in Bangalore by DLF IN Begur, Mantri Developers PVT Ltd in Vasantha Vallabh Nagar and Sarjarpur, SNN Builders Pvt Ltd in Bannerghata, Brigade Group in Benson Town and Abshot Layout and Nandi housing in Bannerghatta.
Bangalore has become the most sought after investment destination in Karnataka and the price of completed projects in Bangalore have risen considerably in the last few months. Known as Silicon Valley of India, the IT industry has had a great impact on the real estate in Bangalore. The city is seeing investments not only from with in India in completed projects in Bangalore, but also from NRI’s who are planning to settle in India in the near future.
