THE
GARDEN CITY of India is a major economic and cultural hub housing over 8million
people with an area of 741.0 km2 (286.1 sq mi). The most spoken industry after
IT is real estate. This industry is evolving as the city bloats.
With the increase in population, land becomes scarce and the prices soar to gloomy peak. This is a typical scenario in Central Business District (CBD), Bangalore South and Bangalore West with peripheral exceptions like Kanakapura Road, Uttarahalli and Kengiri where builders are slowing and cautiously rolling out projects. Prices in these locations are on a gradual climb.
The city
expanded further to North after the new international airport which has lead to
initiation of high end projects by reputed builders and budget homes starting
as low as 20 lakhs in and around Hebbal. There has been a steep increase in
price from 2010 to now in Bangalore North.
Facing stiff challenges in terms of infrastructure and connectivity issues, Bangalore East is fast developing. Mostly populated by the techies working in IT companies in Whitefield and Sarjapur is a welcome sign to builders who have completed several projects and many more in the pipeline.
Bangalore, a city which never expected such rapid growth welcomes the affluent with open arms to make Bangalore a comfortable haven and on the flip side it threatens the lower and lower-middle income population of their dream of owning a house.
