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Bangalore
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The City

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.

Infrastructure and Facilities
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.

 

 

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