Since the past few decades, the city of Bangalore is
growing at much fastest rate. Over here, IT sector is known to be the
major growth driver and is widely res[onsible for the aggressive real
estate development. Being the IT hub, this city is well known to have
multi cultural population with good social infrastructure as well as
excellent education institutes and is seen to be constantly upgrading
physical infrastructure. With the constraint increasing population,
the demand of the housing sections as been increasing at the same
rate. This has given reason for all the reputed real estate builders
to come up with numerous prestigious real estate projects in
Bangalore. Whitefield, Outer Ring Road, North Bangalore as well as
Whitefield are some of the promising residential micro markets.
Being the third largest hub for HNIs, it is highly
estimated to home over 10,000 individual dollar millionaires. It is
one of the most promising markets for villa projects and row houses
which seem to be most active in ORR, North Bangalore, Whitefield and
Sarjapur road. The hIgh end residential property buyers are very
sensitive in terms of unit sizes, product quality and amenities. The
Bangalore mid income homes segment are mainly driven by individuals
working in IT and ITES industry. Close proximity to workplaces,
social infrastructures as well as good physical infrastructures are
the main driving factors for this segment. Among the real estate projects in Bangalore, the affordable housing concept are gaining
importance owing to the presence of some of the graded developers
like Shriram properties, Brigade Group, Ozone Group, Nitesh Estates
and lots more.
