With the steady implementation of strong reforms and policies by the government, the Indian realty market has today become more buyer-friendly and transparent. This has led to an increase in the percentage of NRI investment in the key residential markets of India. Among all the cities, Bangalore has gained the most traction by NRI investors in recent times.
Electronic city is the IT hub of India, situated in the Anekal taluka, of Bangalore. It is one of the largest electronic industrial parks, spread over 800 acres. It consists of three phases- Phase I, II and III respectively. Electronics city was the brainchild of R.K.Baliga, the first chairman and MD of Keonics, Karnataka Electronics. He dreamt of making Bangalore the Silicon Valley of India when he developed the concept of Electronic City. Today it is the outsourcing capital of India, a dream come true.
Development- It houses about 200 IT/ITEs companies; it is a fast developing area. Nasdaq-listed information technology firm Cisco has entered into an agreement with Electronics City Industrial Association [ELCIA] to transform Bangalore’s Electronic City into a smart city. Under the ‘strategic agreement’ Cisco will help in making Electronic city as Asia’s first end-to-end internet of things [IoT] innovation hub. [Read more…]