Bangalore Properties Driving Smoothly on the Wheels of IT Industry

Talk of Bangalore's realty market and IT sectors; they are more or less two faces of the same coin. The melding of IT and realty sectors always go hand in hand as they have become interdependent on each other. The realty market in this city has made a tremendous progress with a strong foundation of information technology industry at its back, and the demand for both residential as well as commercial sectors is spun around it. With the proliferation of technology Parks and software set-ups, the real estate market has been able to thrive successfully. It was only recently that MIT ranked the city among the top 8 technology innovation clusters all over globe. With such a strong backing on its side, Bangalore's real estate is expected to do well in futuretoo, as it is doing now.

But it is the South Bangalore that needs a special mention in the current context. In this particular region, the IT industry has mushroomed too well. Take Koramangla, one of the major IT hubs known for its technology parks. Most of the software giants including Wipro, Zenith, Infosys, Siemens have established themselves too well here. And a good part of the demand for property Bangalore comes from Koramangla. The professional working in the city prefer residential spaces located in its neighborhood; so the demand manages to keep itself high most of the time. As majority of this community prefers to settle around their office premises, the price rates for residential spaces are high here. A two-room apartment can come anywhere between 35 lacs and 1.5 crores.


Whitefield is yet another area that drives on the wheels of information technology. Superior infrastructure and easy connectivity to other localities have kept Whitefield among the top localities preferred by white-collared professionals. A good number of technology parks have boomed here in and around it. ITBP(International Business Tech Park) houses several information technology giants. Companies like Accenture, TESCO, Wipro, Dell, Sapient, Sap Labs, IBM, and Intel have found their stronghold in this locality.

Electronic City, occupying a land of more than 300 acres, is laced with high-end infrastructure and has gained popularity as one of the largest electronic industrial parks in India. The locality houses more than 180 software companies, and is famed for of having the longest National Highway of India. It is also responsible for contributing to the growth of Bangalore properties. Companies like GE, iGate Global, HP, C-Dot, Tech Mahindra have their establishments in the Electronic city. In spite of having good demand, the flat rates are not too high. A two-room apartment can cost you anywhere around 35-45 lacs.

South Bangalore's other localities where real estate's demand is highly dependent on the growth of IT industry are Hosur, Sarjapur, J P Nagar, BTM Layout, and Jigani. You can expect some affordable flats in these localities.

The real estate portal, Makaan.com, offers residential and commercial spaces to buy, sell, and rent. Bangalore properties in different price brackets are available to users. The website also allows listing of properties by developers, builders, and owners.