Owing to the increasing rise of the IT sector, more professionals and working class are moving towards Bangalore. Bangalore has in fact outpaced property markets in cities such as Mumbai, Chennai and Delhi. Bangalore is witnessing an apartment culture in the city giving rise to a number of projects in the city.
Bangalore, the capital and largest city of Karnataka has become one of the most sought after locations for real estate. The city which is divided into 5 major zones; East, West, North and Outer Bangalore provides ample opportunities for both residential as well as recreational facilities.
Property gamers such as Prestige, Adarsh and DLF are continuously developing and shaping the real estate sector in the city.
Bangalore is one of the most ideal cities to work in being a hub for many ITES, BPOs, tech companies, etc. It is also one of the most happening start up hubs in India with many multinationals as well as InfoTech companies. Furthermore the city is also a playground for many Indian, major international IT players as well as multinational InfoTech companies.
Bangalore, in fact is observing a deep penetration of apartment culture in the city; with many of the old areas with emerging suburbs witnessing an increase in high end residential apartments; using modern and state of the art technology and art.
Luxury apartments, plots, villas, residential properties, commercial properties, etc. are some of the main categories of properties in Bangalore. The size of apartments in Bangalore is the highest and is 60% larger than those in Mumbai and 20 % larger than those in the National Capital Region (NCR). Apartments can be either 1BHK, 2BHK, 3BHK or even 4 BHK.
With both national as well as international companies collaborating together, there has been an increase in real estate developers and builders. The residential projects have world class facilities, amenities and facilities such as swimming pool, schools, hospitals, shopping malls, club house, gymnasium, etc.
Residential properties have especially gained prominence in areas such as Indira Nagar, Koramangala HSR Layout Marathahalli and BTM Layout. Builders such as Prestige Constructions, HM Groups, Ozone Groups, Nitesh Estates, etc. have launched new projects in such localities where there has been a high demand such as Whitefield, Bannerghatta Road, Sarjapur Road and JayaNagar. Old residential areas in Bangalore like Ulsoor, Malleswaram, Cox Town, Koromangala, Rajajinagar, etc. were initially the only places where you could find big luxury homes. However, in recent times, even the city outskirts like Kammanahalli, Bellary Road, Whitefield, Outer Ring Road, also have high end apartments and villas.
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Apartment culture - Bangalore