Friday, February 20, 2009

Bangalore - Discovering New Growth Corridors

Bangalore real estate market is the targeted hub by all the leading international companies. The high property value in the city could not able to stop the realty majors to enter the city.

Bangalore properties are always in demand for some or the other reason. The Central Business District of the city is already on the verge of saturation but still the demand is high.

The city is expanding to the peripheral areas in order to accommodate the real estate development activities happening at fast pace. Bangalore real estate builders are playing a crucial role in planning their projects. They are discovering new and untouched areas in the city and are building their projects there to save the city from decongestion.

Bangalore Real Estate Developers are constructing their projects in the new areas such as Whitefield, Old Madras road, Devanhalli, Nandi Hills and other small districts which are few kilometers away from CBD but have some open spaces.

The government is working on the strategic development across the city to solve the growing traffic problems. Residential, commercial and rental sectors in the city are facing huge demand of quality space which is better located and easy to travel.

Bangalore new airport is the perfect example which is located on the outer ring road and it takes 2 hrs to travel from CBD but has relieved Bangalore from long traffic queues which are used to happen at old airport at Indira Nagar. To buy an apartment in Bangalore most of the people prefer peripheral and outer ring road areas so that they can enjoy their life. Also the prices across the peripheral areas are somehow less as compared to the central region and Bangaloreans can find premium apartments their only.

The city is opening new growth corridors for Bangalore real estate development to happen.

George Gonigal provides you the best and latest information on Bangalore Real Estate.

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