Bengalore has recently carried out a survey where they got a list of the number of IT startups and very proudly the conclusion came out that Bangalore itself is the Start up capital of the country. This as a results aquires more and more land in Bangalore in the south part of the city.
NASSCOM reported that a prediaction has been made that by 2020, the country will have a total number of 11,500 startups which will then employ 2.5 people. Also, currently the country has 3,100 startups in which a large number of 850 startups are located in South Bangalore alone. This speedy employemnt is attracting people to work in the city and thus increasing the residential as well as commercial property in Bangalore.
The city’s love for Information Technology started a long time back in 1970s when the state gvernment themselves offered Land In Bangalore to the companies. These lands were first located in the outskirts which is now known as the Electronics City. However, Bangalore did not see a major change until 1980s but after.
This growing development has carried forward a spurt in residential development in South Bangalore. The areas covered are Bommanahalli, Bommasandra and other emerging localities like Hosa Road, Begur, Haralur, Chandapura, Kudlu Gate. These areas are undertaking growth in mid segment as well as high end housing units.