Looking for Properties in Bangalore ?? Bangalore has been rated as the 5th fastest growing city in South-Asia. The once hub of heavy industries like the ISRO, BHEL and Hindusthan Aernotics has evolved to become the Sillicon City of India, employing about 35% of 1 million IT professionals in India. The dream salaries offered by the IT companies and with the migration of new crowd of professionals, has resulted in a tremendous growth in the real estate market in Bangalore and its suburbs. Thanks to the pay packets offered by the MNC companies. The pleasant climate, infrastructure and lucrative job opportunities makes Bangalore a perfect place for investing in properties. Bangalore accommodates around 5 million people, in which only 38% of them are local residents. This strength is expected to double in next 5 years. This growth has resulted in excellent infrastructure, in roads, with more flyovers and highways, making it easy for traffic accommodation. The proposed Metro Rail project, the second largest international airport in India at Devanhalli, the proposed four-lane project in Bangalore-Mysore Road, the Bangalore-Mysore Express Corridor and the much improved BMTC services, makes Bangalore truly a world class city. The hospitality industry in Bangalore is emerging in a huge pace, to cater the needs of the expatriates and the migrating group. Not just hotels, but fully services apartments has been the flavor of the season. Investing in such serviced apartments, along the IT corridors has been the best bet. Bangalore has been the 3rd most preferred investment destination, with Delhi and Mumbai, in first two places, says a market research report. This makes it attract more foreign investors on commercial and residential front resulting in growth of more IT corridors and residential spaces.

Though the economic meltdown has tremendously affected this cosmopolitan city, in particular, it has made some good for the property investors, because the properties which were once sold at sky rocketing tags has come down immensely, making it people-affordable purchase. Though the buyers still defer their purchase, expecting further fall in the prices, the sellers are not ready to reduce it further, knowing its potentiality to move up further once the market stabilizes.

With the market slowly picking up, and job opportunities steadily moving up, most top real estate players in commercial and residential stream like Hiranandani, Adarsh, Brigade, Prestige, and DLF group have once again commenced their new projects in Bangalore and the current space is said to expand by 30 million sq ft by end of 2012. This time the target has been the middle and lower income group, with properties reasonable price and built with modern trend.

Thus with the new avenues slowly opening up in the economic front, and with the real estate initiating new projects at affordable cost, it is the ideal time for investors to make the right move on housing decision.

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