Bangalore is known as the centre of India’s high- tech industry, the city is also known for its park and nightlife. Bangalore is one of those rare cities which make people who are new to the city to call themselves proud Bangaloreans. Bangalore is of the least affected city the reason being the market here has predominantly been transparent and cash transaction is almost negligible. The expectation that real estate prices will come down in Bangalore market due to demonetization is mere exaggeration as there is no real basis for this.
Strong presence of IT/ITes and manufacturing units, sound education and medical facilities, safety and security provisions have been a major growth driver for the Bangalore real estate market. The real estate growth is majorly skewed towards southern and eastern parts of the city some of the major prime locations are the most active markets primarily due to the presence of IT and manufacturing industries.
One of the societies has announced residential plot in Bangalore. The project is very close to 10,000 acres information technology investment region first of its kind in India that will house IT corridor, hardware park, a mini airport, hospital and education institutions. This will give a great boost to the property prices in north Bangalore. The allotment of the plots will be first come first serve basis. The booking of the plot will be accepted on 40% of the down payment of total sale value.