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Bangalore real estate market booming

Real Estate in Bangalore has been in great demand ever since IT and BPO companies started shifting here.
However, real estate is in a very good state now, especially because there are a number of smaller companies
also that are looking for office spaces, which again increases the demand for residential property.
Let’s break down the real estate growth in Bangalore according to areas and reasons for their progress:
 
North Bangalore:
As far as residential real estate is concerned, some of the fastest growing and best performing areas are the Hebbal,
Sahakara Nagar and R.T. Nagar areas in North Bangalore.
There is great demand in residential property in these areas because of:
  1. Good infrastructure, great luxury residential projects
  2. Closeness to the BIAL (Bangalore Intl. Airport)
  3. Great connectivity to other areas in Bangalore
 
East Bangalore:
From Indiranagar which is owned by most of the defence personnel, to Sarjarpur and even Whitefield,
this is one of the medium-sized posh areas in Bangalore. Most people who need luxury at a medium price are
attracted because of
  1. Commercial and residential mix
  2. Closeness to ITPL
  3. Connectivity to IT parks
 
Central Bangalore:
The beauty of Old Bangalore is in areas like Sadashiv Nagar, M.G. Road, Victoria Layout, which no doubt constitute
the most costly residential areas in Bangalore. This areas is however, in great demand because of:
  1. Old charm;
  2. Closeness to Sankey road and Bellary road which are commercial areas;
  3. Closeness to elite institutions such as Microsoft Research India, Indian Institute of Science, etc.
 
West Bangalore:
Some growing real-estate destinations are Tumkur Road, Vijayanagar and Magadi Road in West Bangalore.
The demand in these areas is increasing because of:
  1. he developing Metro line, which will provide enhanced connectivity.
 
South Bangalore:
Koramanagala is an area that comes by definition in the South of Bangalore.
It has a huge number of startup companies, and it’s reasonably close to the Outer Ring Road where the E.G.L IT park is.
No matter what how volatile the real estate scene is, this is one area that has remained stable.
The areas near Kanakpura Road also have been seeing development because of the Metro.
So South Bangalore is increasing in popularity because of:
  1. closeness to the E.G.L and NICE Road (The Bangalore-Mysore Infrastructure corridor)
  2. Availability of Cauvery water
  3. Commercial malls, connectivity to hospitals, etc.
This is why real-estate is booming in Bangalore.

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