Bangalore as been one of the largest silicon hubs in the south east Asia, this has resulted in a econmical boom that has exanded into various aspects of life. One of such corners happen to be the real estate boom and massive development porjects around the city.
With the influx of people and industry trying to get back into the old city, there is quite a bit of demand for proper growth across the contruction companies.To look into the detailed growth lets split the city by the quadrants.[dcl=6203]
Due to the proximity to the airport this area is dubbed as the social and hyped part of the city.
The demand for high-end residential units remains high in the North Bangalore region.
Residential real estate activity in North Bangalore has gained traction post the commencement of the Bangalore International Airport.
The projects located around Hebbal, Bellary Road and surrounding areas are in the luxury segment.
North Bangalore is assured to be the next economic centre of Bangalore.
This is the IT hub market of the city and hence the demand for the residential market is quite low.
However the micro niche of the IT hubs seeping in causes this to evolve into another market on its down.
Whitefield as a micro-market has developed into a self-sustaining area.
Along with being an IT destination, this area has good social infrastructure and developing physical infrastructure.
Hence, the demand for luxury residential developments remains high.
This micro-market has not been successful in attracting many real estate developers as it fails on the count of good social infrastructure.
It is mainly dominated by industrial developments and has seen hardly any developments in high-end residential developments.
For more details about the projects check out [dcl=6203]