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Old 07-12-06   #3
Suzanne
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Default Bang the Target - Bangalore

Hello Everyone,

Have spent little time in Bangalore, I still feel so attached to this city that I cant afford to miss a single opportunity to add to its growth profile. And I always find this online forum a nice source to carry out such tasks.

So, here is something regarding its bright future prospects in realty sector.....


The city of Bangalore has always been known to attract the attention of potential investors who keep on jostling hard to grab the piece of fast flourishing real estate here.

Nowadays, why most people want to purchase the property is just to dig out monetary gains in return. For that reason, they either let out their premises or lease it. Often touted as “Garden City of India”, Bangalore’s fascinating blossoms and luxuriant greenery has now been taken over by mushrooming software industry and shopping malls.

Bangalore may be losing out to Pune if International studies and reports on Real Estate and Property are to be taken into serious consideration. But, the city is still a hunting ground for the prospective property developers, with ever growing demand for commercial as well as residential properties surging to record high.

Most realty biggies have already expanded their business horizons to Bangalore and include the Brigade Group with projects in Whitefield, Malleswaram-Rajajinagar, and Old Madras Road. Likewise, HM group is ready to establish a substantial presence with a luxurious residential complex coming up 1.8 kms from SarjapuraRd and near Hosur Rd.

The property boom in Bangalore is further fuelled by the emergence of this city as IT hub and a retail destination in recent years. Several companies enjoying substantial presence in the business market are planning to spread their wings to Bangalore. The list includes global players like Toyota, Volvo, Accenture, Royal Dutch Shell, Spirit Aero Siemens and WindRiver Systems.

Prices may not rise at a rapid pace because the geographical demand and supply are not being matched as they should be. Bangalore is not the only place facing such a situation. However, the town planning and development authorities are to blame for this that lack to come up with long term strategies for growth of the cities that contain tremendous potential. With the proper initiation of the government, the city can have an improved scenario.

So, what destiny has in store for this vibrant city?

Last edited by Suzanne; 07-12-06 at 01:15 PM.
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