1. Referred to as the ‘Silicon Valley of India’ 2. Birthplace of most IT giants like Infosys, Wipro, TCS, etc 3. A perfect place to settle and retire 4. A promising location for real estate investment
Under Construction: 93
Ready for possession: 174
Bengaluru or better known as the IT city is the fifth most populous urban agglomeration of India. Many renowned Indian technological organizations ISRO, Infosys, Wipro, and HAL are headquartered in the city. It is also home to many educational and research institutions like Indian Institute of Science (IISc), Indian Institute of Management (Bangalore) (IIMB), National Institute of Fashion Technology, Bangalore, National Institute of Design, Bangalore (NID R&D Campus) and, National Law School of India University (NLSIU). Numerous state-owned aerospace and defence organizations, such as Bharat Electronics, Hindustan Aeronautics, and National Aerospace Laboratories are located in the city.
Because of the growing IT offices, Bengaluru is attracting many people to invest as well as adding numbers to city’s rental market too. Bengaluru also boasts a good infrastructure providing comfort and convenience to its residents. This has attracted many developers and investors in recent time to the property market of the city.
Due to a well-developed IT setup and educational institutions, Bengaluru population has increased too many folds, leading to an increased demand for property. Elevated expressway and rapid commercial development are other factors responsible for creating a positive impact on the city’s rental market, which plays a great role. While setting up of electronic city pushed the real estate prices in the South of Bengaluru, North Bengaluru saw a surge in real estate prices due to Airport.