Growing demand for residential properties in the Silicon Valley

Bangalore also known as the Silicon Valley, because of its position as India's leading IT exporter is one of the fastest growing metropolitan cities in the country. The city has developed as a real estate giant in the last few years and with the increased settlements, the residential and commercial segment is prospering well in the city. Amongst the residential options, flats, row houses, villas, penthouses and bungalows are the most preferred options. A number of regions have emerged as hot spots in the last few years and some of these reputed localities are Whitefield, M.G. Road, Ulsoor, Indira Nagar, BTM Layout, HSR Layout and Malleshwaram. These are the top favorites of the investors, end users as well as the developers.

The investments in the IT sector have grown manifold, and Bangalore being the IT hub has reaped the most benefits out of it. Since the FDI policy was revised in the year 2005, the NRI segment was a major contributor to this boom. This largely impacted the real estate map in Bangalore and real estate started to change the look and the feel of the city. A large number of salaried buyers were witnessed purchasing property, according to the market trends and this helped developers to provide the kind of projects that the salaried buyers were looking for. The growth in the real estate sector is clearly visible as the commercial, residential and retail sectors are continuously scaling to new heights. New benchmarks have been noticed in the city for both rent and sale. The most apt indication of the growing real estate demand in the Bangalore city is the recent price trends that indicate appreciation in the prices of the residential apartments by 70% whereas in some of the hot locations the land prices have gone up by almost 100% which is a jaw dropping statistic.

If looking for residential property then one can choose from various segments of property that are divided into affordable housing for the salaried buyers, the premium housing  and luxury housing which targets the high income level group and the ultra luxurious housing units which specifically target the NRI's and the PIO's.