Commercial realty follows residential growth in Bangalore

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Bangalore city’s commercial development has grown over the last decade. This fast-paced growth is thanks to varied factors. The emergence of town because the IT hub within the region, the infrastructure and quality of life moreover because the pleasant climate ensured that market of commercial property in Bangalore was on the quick track to growth. 

Real property development too got off to a fast growth with residential property in Bangalore peaking in demand. The necessity for quality housing was felt when the IT business attracted human resource from everywhere the world. The residential flats mushroomed and also the demand was such that costs skyrocketed.

Development of commercial property in Bangalore within the realty market occurred as a follow-on to the present widespread residential growth. Supermarkets and retail areas were soon replaced by multiplexes, malls and hypermarkets. As now a days, the concept of an outsized business house with office spaces, hospitals, entertainment zones, hotels and housing facility in integrated townships are trends that are here to remain.

With a lot of scope for growth within Bangalore city’s suburbs, business development is quickly catching up in areas that have the potential for residential and commercial property growth with plans for high-tech connectivity and sensible infrastructure.

Potential areas:

Devanahalli space guarantees development within the business sector. Land is accessible with builders and thanks to the proximity to the international airport and scope for proposed Special Economic Zones to return up here, this space is a possible hub for commercial property in Bangalore.

Residential and gated community have come back up on the Devanahalli Road, Hennur Road and recent Madras Road, and this may lead to business institutions too. Sensible connectivity and availability of commercial and residential property land are the factors which will enable the development here. Many chain hotel can come back up near the airport. There’s one already in progress of construction close to Mekhri circle.

Commercial realty follows residential growth in Bangalore was last modified: April 26th, 2012 by PropTiger
   
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