The growth graph of a city depends a lot on its government in the sense that the quality of investment done by a government in road building and other activities will in future decide its investment prospects by private players. Bangalore in this sense has developed a lot in terms of infrastructure.
The quality of projects that are being launched in Bangalore has opened up new avenues. With the arrival of tech giants, Bangalore is now considered the Silicon Valley of India. The IT sector of Bangalore has provided countless employment opportunities. This has resulted in great inflow of people from other cities. To accommodate them, more and more residential projects are being launched in the city. Private players from India and abroad too have invested heavily in Bangalore seeing the prospects that it has to offer.
The real estate market of Bangalore has developed over the years. With variety of options being made available in Bangalore in terms of entertainment, sports and recreation, more and more people are buying properties in Bangalore. As a result, the real estate market of Bangalore has seen a tremendous boom over the years. The number of projects being launched in Bangalore both residential and commercial highlights the fact that Bangalore may soon become the hottest realty destination of India. Companies like Ozone Group, Sterling Developers and Century Real Estate Holdings are offering apartments ranging from 1 bhk to 5 bhk at affordable rates. Ozone Group’s Urbana is credited with being the largest integrated township of Bangalore spread over 150 acres. Real Estate companies in Bangalore are not just offering residential spaces but also large commercial spaces for office purposes. However, to update the people on real estate projects, a new platform has sprung up wherein people discuss and give reviews about a particular company. Ozone Group’s Urbana Review is one such platform wherein people enquire about the company’s new projects, solve and entertain questions and such. Infact, Ozone’s Urbana Review has done wonders for the company. Review based forums are a great way to interact with people and expand client base. The market is small and hence to attract more customers real estate companies are providing facilities such as entertainment hubs, shopping complexes, hospitals all with the township. This has in a way facilitated people a lot. The proposed Bangalore-Mumbai Economic corridor is sure going to open up lots of avenues for Bangalore in terms of more developed infrastructure and real estate.