Bangalore, considered for its global significance is the first choice for many overseas investors and firms and the Garden City never at the back in the race then other metros in the country. In fact, as reported by the sources to the www.propertykhazana.com many investors during the years 2006 and 2007 were relying on the real estate market of Bangalore where simultaneously the IT sector blossomed to the maximum extent.
It was common criterion among the investors of expecting high returns through the property appreciation which was getting multiplied rather being addition and ultimately this made many investors to invest in the property market of the Silicon City. Similarly, among the investors many were the NRI’s who wanted the properties to be purchased in the home town and even if they had no idea of settling down in Bangalore many invested for rental earnings while the few encashed the appreciation difference. More over the city climate was appealing with lots of greenery and was at the same time considered for the safety.
The city had already hosted several housing and commercial ventures with almost all the key players having projects in all corners of the city. Must to be said is Brigade Group with ventures in White Field, Koramangala, JP Nagar, Malleswaram, Rajajinagar, Old Madras Road and so on. HM Group was highly credited for lavish housing and commercial projects on Sarjapura Road and Hosur Road with close proximity to the Electronic City.
The realty boom further made some of the companies like Toyota, Volvo, Accenture, Siemens, HCL, Dell and others to have their operations in Bangalore.
Keeping the boom apart, the state government had reportedly failed in providing the needed infrastructure, otherwise the city would witnessed much whooping scenario says the reports to the www.propertykhazana.com .
Source: NIMMA BENGALURU
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