Continuous evolution of real estate in Bangalore

Bangalore was envisioned as a calm and quiet city with pleasant weather, innumerable gardens and colonial style buildings in the early 1960’s till the late 1980’s. This image started to change with establishment of Information Technology industries in the early 1990’s. This slow change has gradually gained momentum and Bangalore is now one of the biggest metropolitan cities in India.  As is the result of urbanisation and industrialisation, there has been a considerable increase in population and the city has become a famous destination for foreign investors. The cosmopolitan feel of the city also invites people from all over the world.

This change has clearly affected the real estate industry in Bangalore. Where, once you could see individual houses and bungalows with terraces and gardens; now, there are sky scrapers and apartments lining the core residential areas. The commercial spaces have also gained a great demand in the last decade. The influx of working classes has created an increased need for housing and recreational centres. The city has been providing housing to people of different strata. The developers in the city are facing major challenges in satisfying the demand of the customers.  Property developers like Sterling Developers, have started constructing apartments of different types and contemporary villas to meet the demand.

The commercial real estate has also evolved from single building offices into huge campuses hosting different companies, a parking area, restaurants and coffee shops which serve the convenience of employees. The challenges offered by the real estate industry in Bangalore and the huge market for cotemporary and modern buildings have attracted many international real estate companies. You can now find beautiful community housing projects, brilliantly designed commercial spaces, and some of the best malls, restaurants and clubs dotting the city.