Investors Welcome to Knowledge City – Bangalore
Knowledge capital and best software destination
Bangalore, famously known as the Garden City of India, is also the fastest growing city in Asia and is dubbed “India’s Silicon Valley”. This capital city of the state of Karnataka is home to over 6 million people and is the fifth largest city in India, situated halfway between the coasts of South India. Known for its peaceful and cosmopolitan atmosphere, the city of Bangalore is recognized as the knowledge capital and the best software destination in the country. With IT professionals lining up for the most coveted jobs in the industry, Bangalore is fast becoming a favorite destination for property seekers.
Real Estate In Bangalore
The real estate sector in Bangalore is also the booming sector of the economy of the state of Karnataka. With the addition of additional manpower in the IT and BPO sector, it has become imperative to meet the demands of the working and executive class as they seek better avenues of ownership in the area. People are interested in owning a home in India’s Silicon Valley citing the growth in Bangalore real estate where buying a home is much easier with home loan in india cheaper and easier to access. But the Karnataka government really needs to boost the infrastructure to meet the demand with supply. During the 1990s, Bangalore experienced a lot of activity in the real estate market due to the influx of out-of-state property developers. But the hype in the business could not be fulfilled as the real estate market started to take a downward trend mainly due to the failure on the part of the government. and the state administration to provide and maintain the bare minimum infrastructure, such as power, roads, sewerage, water, and transportation.
India’s Top Information Technology Destination
Bangalore has also earned its fame as the knowledge capital and the best software destination in the country with the best educational institutions and technology centers present there. Such is the relationship between their education and the job market that an individual graduating from high school can easily be sucked into the city circuit in search of the best available profession. And talking about Bangalore is incomplete without “Indian Tech Giant”: Infosys. In addition to being highly responsible for its technological contribution, it is one of the most respected software companies making its presence felt in the global marketplace. Apart from Infosys, some of India’s best known IT companies such as Satyam, TCS and Wipro have made Bangalore their corporate address. All these factors are largely responsible for the real estate boom in the ‘City of Knowledge’ – Bangalore.
When it comes to investing in indian commercial property, Bangalore is among the top favorite destinations. With more and more multinationals coming to Bangalore and the adjoining suburbs, investing in Bangalore is always going to pay off in the long run.