Ever took part in property discussions? And if they are centered
around Bangalore, it is almost impossible that people won't talk about
IT industry. Isn't it? If I am not exaggerating, Bangalore property and
IT are connected so closely and are so interwoven that the growth of one
directly effects the other. More the information technology
proliferates, more positively it helps the realty market there. The vice
versa is also true. Being awarded as top 8 technology clusters in the
world, the city rides high on the software market. The demand for
properties of all types in the many localities of the city is more or
less comes from the professional class working in software industry.
South Bangalore needs a special mention in the context we are talking about. IT has burgeoned here on a grand scale. Look at Koramangla, one of the major hubs for IT/ITeS based companies. Software giants like Infosys, Siemens, Zenith, and Wipro have centers here. The demand for flats Bangalore, in this particular locality, comes from the software and technology professionals. As majority of this community prefers to settle around their office premises, the price rates for residential spaces are high here. A 2 BHK flat can cost you anywhere between 35k and 1.5 crores.
Another area that rides high on IT industry is Whitefield. Laced with excellent infrastructure and superb connectivity, this locality of Bangalore real estate has seen several technology parks sprung up in and around it. ITBP(International Business Tech Park) houses several information technology giants. Companies like Accenture, TESCO, Wipro, Dell, Sapient, Sap Labs, IBM , and Intel found their stronghold in this locality.
Spread on a land of more than 300 acres, Electronic City, is studded with top-class infrastructure and has gained popularity as one of the largest electronic industrial parks in India. The place houses more than 180 software companies and boasts of having the longest national highway of the country. It is responsible for deriving a major portion of demand for residential properties in Bangalore. Companies like C-Dot, HP, GE, iGate Global, Tech Mahindra have their establishments in the Electronic city. Surprisingly, the rate of apartments is not very high here. A 2 BHK apartment can cost you anywhere around 35-45lacs.
South Bangalore needs a special mention in the context we are talking about. IT has burgeoned here on a grand scale. Look at Koramangla, one of the major hubs for IT/ITeS based companies. Software giants like Infosys, Siemens, Zenith, and Wipro have centers here. The demand for flats Bangalore, in this particular locality, comes from the software and technology professionals. As majority of this community prefers to settle around their office premises, the price rates for residential spaces are high here. A 2 BHK flat can cost you anywhere between 35k and 1.5 crores.
Another area that rides high on IT industry is Whitefield. Laced with excellent infrastructure and superb connectivity, this locality of Bangalore real estate has seen several technology parks sprung up in and around it. ITBP(International Business Tech Park) houses several information technology giants. Companies like Accenture, TESCO, Wipro, Dell, Sapient, Sap Labs, IBM , and Intel found their stronghold in this locality.
Spread on a land of more than 300 acres, Electronic City, is studded with top-class infrastructure and has gained popularity as one of the largest electronic industrial parks in India. The place houses more than 180 software companies and boasts of having the longest national highway of the country. It is responsible for deriving a major portion of demand for residential properties in Bangalore. Companies like C-Dot, HP, GE, iGate Global, Tech Mahindra have their establishments in the Electronic city. Surprisingly, the rate of apartments is not very high here. A 2 BHK apartment can cost you anywhere around 35-45lacs.
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