Real Estate Growth in Bangalore

Economic liberalization in India in 1991 brought with it a phenomenal change in the general air and character of Bangalore. The city went from a quiet and laidback city preferred primarily by retirees to one of the two fastest-growing metropolises. The city shed the tag of retirement city and replaced it with the new crown of “Silicon Valley of India.”

The IT industry quickly noted the potential of the city and established itself here, moving Bangalore into the modern age. This commercial development of Bangalore and the abundance of jobs available attracted a large new working populace into the city. Bangalore is today one of the two fastest-growing metropolises in the country and has a thriving, multicultural, and cosmopolitan nature.

Bangalore has now welcomed new residents into its embrace, not only from the rest of the country but from worldwide. These new residents are now on the lookout for residences, and this has greatly boosted the residential real estate market. Bangalore is growing in every zone and direction, and new areas are rapidly and progressively being amalgamated into the city.

One factor that has provided an impetus to the growth of the residential market in Bangalore is the physical infrastructure. Bangalore has one of the best-developed physical infrastructures in India today, with several well-planned and well-developed roads and flyovers. The infrastructure of the city has kept pace with commercial growth, and there are more and more projects under development.

Residential real estate in Bangalore has also been growing and developing, owing in part to the sound social amenities available. Every major real estate builder is today in the process of developing real estate projects in and around the city. The investor today has a varied choice available in terms of residential options, in terms of space, location, and budget.

Godrej Properties prelaunch apartment is Godrej Splendour.