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A Galore of Properties in Bangalore
A Galore of Properties in Bangalore
Bengaluru has caught a prominent place in the Global IT Map. It is one of the major economic centers in the country
Bangalore,
Karnataka,
India
(prbd.net)
02/12/2010
Bengaluru has caught a prominent place in the Global IT Map. It is one of the major economic centers in the country, headquartered with almost all major IT giants and telecom industries. ‘The Silicon city of India’ as it is called, houses nearly 1300 IT companies accommodating around 35% of the country’s total IT population.
The once ‘Pensioners Paradise’ has swiftly changed into a bustling cosmopolitan city.
The cool climate and serene atmosphere of Bangalore has attracted people to migrate to this place for various employment reasons, thus making it the most sought after destination for investing in properties. The Richmond Road, MG road and Brigade road replicates the latest in fashion world, making it a hot favorite among younger generation. This has resulted in a tremendous boost to the real estate industry in the last decade.
The flourishing IT and its allied industries, the growing job opportunities has placed a greater need for residential and commercial properties in Bangalore. The once - isolated adjoining places in Bangalore like Tumkur, Kolar, Mandya and Whitefield are seeing daylight with latest housing projects.
With companies and banks offering attractive home loan packages, even the amplifying prices of properties has not dampened the spirit of real estate market. With the government authorities becoming more lenient, the real-estate market has become more investor-friendly thus encouraging foreign investors and NRI’s to invest their surplus in properties in and around Bangalore.
With more and more of floating population thronging the city everyday, on work and educational needs, Bangalore is also experiencing a remarkable rise in the rental properties.
Post the economic melt-down, though the prices of the properties have come down tremendously, it could only languish for a while, it is not expected to go down any further, reviews a real-estate expert. Consequently it is the appropriate time for property investors to grab their share of properties in this garden city.
For buying, selling of properties and rental needs in and around Bangalore, kindly visit us at www.greaterbangalore.com
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