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The city is India's fourth largest and fastest growing real estate market.
Earlier, Bangalore evolved into a manufacturing hub for public sector heavy industries like aerospace, space, defence, etc. Currently, it is more into IT industry.
In the commercial segment of the Real Estate In Bangalore, office spaces are the most in demand. This is due to many IT companies either shifting base to Bangalore or expanding their office floor area in the city. The Property In Bangalore are also catering to the customers by building 'state of the art' constructions. Some example of this trend is the environment friendly 'Green Office' buildings.
The retail segment in the Real Estate In Bangalore is also strong; thanks to the rise in disposable income among Bangaloreans.
The Residential segment in Real Estate In Bangalore has also shown amazing developments. Real Estate developers are constructing unique properties to attract the cream of the prospective real estate consumer.
New trends are European style villas and look-alike American skyscrapers.
The Real Estate in Bangalore is also witnessing a new trend-the construction of 'Serviced Apartments' aimed at business travelers coming to the city.
These apartments are a substitute for expensive hotel rooms. These apartments will offer short-term stay and cater to the requirements of corporate, businesspersons, and expatriates and also to the well-heeled tourist.
Property In Bangalore currently has around 1000 serviced apartments and there is an active demand for more of this facility.
The establishment and success of numerous business software services
entities in the city laid the foundation stone of information technology
industry.
The city is also known as the Silicon Valley of India and around 35 percent of software is exported across the world.
The city is also home
to renowned educational and research institutions. These factors have
resulted in tremendous hike in the valuation of Property In Bangalore.
On retail property the average yield returns is around 10-12%, 10-11.25% on
commercial investments and 5-7% per annum on the residential properties.