The liberalization of imports and exports of software and hardware brought about a change in the country’s character. The IT industry established its base in Bangalore and brought about a significant change, taking it into the modern age. Gone was the laidback and languid city preferred by retirees, and in its place came a modern and vibrant metropolis.
The IT industry generated a large number of job opportunities in Bangalore, which attracted a huge influx of young professionals. The start-up culture then followed, and Bangalore embraced this wholeheartedly, fast becoming one of the hotbeds of start-ups in India. This has also significantly added to the number of job opportunities available in the city, increasing the influx of residents.
The new resident populace of the city led to exponential growth and development in the residential real estate market here. Never areas are being amalgamated into the city on a continuous basis, and the city is spreading and developing rapidly. Such a large population on the lookout for residential real estate means that projects are coming up in every locality.
Every major real estate developer currently has developed residential projects here and is in the process of developing newer ones. The best-selling projects in the city are those that are constructed by reputed builders and are built to international standards. Some of the prominent builders in Bangalore today are Godrej Properties, Tata Housing, Prestige Group, Brigade Group, and Mahindra Lifescapes.
Today’s urban, discerning home investor prefers residential developments that are well designed, with an ample flow of light and air. The best-selling projects take this into account and provide copious amounts of space as is required by each family member. These residential projects also have provisions for luxurious amenities on the premises to guarantee a joyous lifestyle for the resident.
Prestige Group new prelaunch apartment Prestige Park Grove.