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Bangalore Investment - YES OR NO


Bangalore Investment - YES OR NO

Last updated: February 3 2007
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  • Bangalore Investment - YES OR NO

    Bangalore is the IT capital of India. In a recent study it was found that an astonishing figure of 33.75%(13.5 million sq. ft.) of the total commercial space is leased in 2006 in bangalore. The silicon valley of India has been empowered as the IT hub of India, with world-class IT infrastructure, quality research and development institutions producing technological breakthroughs, skilled human resources and supportive State government which have made it a favorite destination for global investors.

    The promotion of Bangalore as an IT city has brought about unexpected upsurge in the real estate prices of the city. Land prices in the city have gone up by more than three times, especially in the IT-corridor of Whitefield where prices have gone up from Rs 1,000 to Rs 3,500 per sq foot in the last two years.

    All this lead Karnataka Government to stop investment in Bangalore or so called "Bengaluru". They want all the IT biggies who want to invest in Bangalore to be diverted to the Tier II cities of Karnataka like Mysore, Hubli,etc.

    I dont think its a sensible step taken by the Karnataka Government as this can stop the foreign flow of money to India. The better alternative can be acquiring land near to bangalore and develop that area just the way Delhi is doing it all.

    So wat do you think ? Investment in Bangalore and Promoting it as the "Silicon Valley of India" or at this moment when everything is turning out to be good just step back ?
  • #2


    Re : Bangalore Investment - YES OR NO

    You are correct Jack
    At this stage when everything is turning out to be gud for Bangalore then steps like this:

    1. Changing Bangalore' name to Bengaluru and now
    2. Stopping the investments in Bangalore.

    I think these steps not only effect the economy of Bangalore but it will really gonna effect the economy of India as Bangalore is one of the major source of IT income that India is making through the investments. Your suggestion is also good.

    Any Views ?


    Have any questions or thoughts about this?