Bangalore
Bangalore is the capital of the southern state of Karnataka
and presentlyAsia’s fastest growing cosmopolitan city. The city
is also known as the Silicon Valley of India as it exports 35
percent of software across the world. The city is home to renowned
educational and research institutions, most high tech industries.
The new international airport, good investment alternative to
stocks and bonds, support from government in relation to tax rebates
and growth in other industries like hospitality, IT, retail, entertainment,
leisure have had their impact in a major way.
Many prestigious IT companies from all across the world have
established their base in Bangalore Accenture, Royal Dutch Shell,
Spirit Aero Siemens and WindRiver Systems are joining in for running
their operations here. There is lot of demand for commercial
property in Bangalore mainly due to the growing demand
for office spaces in Bangalore.
Bangalore is culturally strong and music and dance concerts (Western
and Indian), dramas, exhibitions, carnivals, conferences are a
regular feature. It has a salubrious climate and gardens, parks,
natural lakes, architectural landmarks, shopping malls, the swankiest
restaurants and trendy pubs in this part of the globe, huge business
opportunities.
All these factors have resulted in tremendous hike in the valuation
of Bangalore real estate market.
The current government has shown a lot of keenness on
infrastructure development and the IT industry development, which
should support the commercial real estate market. Already improved
in parts, like South Bangalore which has good infrastructural
facilities like better parking, low traffic density, Bangalore
is all set to become the quintessential global city.
The focus on big international projects like airport expansion,
hotels, hospitals, corporate parks etc. is sure to get better
response from the venture capitalists and NRI s in a major way.
This means bright prospects in terms of volumes and returns for
real estate investment for the city.
The HAL Airport is the domestic and international
airport serving Bangalore. The bustling metropolis has several
malls, Daimler-Chrysler R&D Centre, MICO Bosch’s International
Testing Centre, Toyota and Volvo besides several IT and BPOs of
world class.
Bangalore International Airport is a 4,050 acre
international airport that is being built to serve the city. Airport
is located 30 km from the city. It will then take all the commercial
flights that are currently operating out of the HAL Airport. HAL
can then get back to making optimal utilization of the resources
at the airport.
A brand new expressway is expected to connect the International
Airport to the City’s Ring Road. This will be a tolled road. The
Indian Government has recently approved measures to enable the
new Bangalore International Airport Limited (BIAL) to make modifications
in the project design to cater to 8.4 million passengers by 2010.
The formation of Greater Bangalore has given a fillip to the
real estate market.year. The land prices have soared in the villages
and the urban local bodies. There has been an increase of 20%
over the previous years. The move will have a healthy effect on
infrastructure and will iron out some severe development and civic
issues that the city is facing. Flyovers and one-ways have mitigated
the traffic situation.
Town planning and development planning authorities are fast filling
up gaps to provide decent infrastructure of a global city that
Bangalore is. The Central and State Governments have committed
sizeable funding towards the improvement of Bangalore’s infrastructure.
Bangalore Development Authority is laying additional lanes on
many of the major roads around Bangalore
The Indian Institute of Management, Bangalore (IIMB)
is one of India’s top ranking management institutes in the country.
International School Bangalore (TISB) is a private
primary and secondary education institution located in the outskirts
of Bangalore. Students of TISB typically take the International
General Certificate of Secondary Education (IGCSE) examination.
The school offers two-year International Baccalaureate diploma.
The Metro is the proposed mass transit rail
system for Bangalore. The government plans to set up the country’s
first IT finishing school for graduates tailored to the requirements
of the industry. It will offer a 12-month diploma course and will
churn out 5,000 students and more.
Bangalore is Asia’s preferred medical destination and Wockhardt
Hospital is the choice for super-specialty healthcare. Each specialty
has leading full-time consultants, backed by comprehensive, best-in-class
technology and allied, well-trained para-medical staff to provide
world-class services, including 24/7 emergency services.
Sagar Apollo Hospital at Bangalore is a well known provider of
muti-dimensional healthcare.
Photo: Bangalore Skyline from Lal Bagh by Innocentbunny, licensed under CC BY-SA 3.0, via Wikimedia Commons.
