In recent years, the Indian real estate landscape has witnessed a significant shift in the office space market. While Bengaluru has long been considered the Silicon Valley of India and the undisputed leader in the tech industry, Hyderabad is emerging as a formidable contender for the top spot. This shift is driven by various factors, including infrastructure development, favorable policies, and a growing tech ecosystem. In this blog, we will explore how Hyderabad's growing office space market is challenging Bengaluru's top spot.
Bangalore, known as the Silicon Valley of India, has evolved as a global hub for start-ups. Explore why this place is gaining the attention of entrepreneurs worldwide.
Bangalore, known as India's Silicon Valley is now one of the prominent start-up hubs not just in India but in the world. Starting in the 80s, India established Electronics City to draw multinational corporations and encourage the technological transformation of their city.
Recent statistics reveal that Bangalore now hosts over 10,000 start-ups worth an estimated $50 billion. These numbers attest to Bangalore's entrepreneurial spirit while creating an ideal ecosystem that helps start-ups grow successfully.
Are you thinking about purchasing real estate? Get informed about under-construction and ready-to-move-in properties before making a choice that meets all your requirements. Homebuyers and investors have many choices when searching for their ideal property, including under-construction and ready-to-move-in properties. Each option presents its own set of benefits and drawbacks that should help guide a wise decision process.
Buying a house or investing in real estate has been on the checklist of almost every Indian. India is one of the fastest developing economies, and the aspiration for a better lifestyle is also steadily increasing among the new generation. Luxury homes and lavish apartments are becoming more attainable since the purchasing power of people is growing phenomenally. People are actively investing in real estate properties to seek the long-term benefits that real estate as an investment instrument offers. This NRI guide for purchasing property in India help you to gain knowledge about real estate.
India is quickly becoming a hotbed for startups across the country. In fact, there are already over 75,000 startups in India, and Bangalore alone saw the founding of over 13,000 of them!
Being a major destination with over 13,000 registered businesses and start ups in recent years, the city of Bangalore has earned the name of 'Silicon Valley of India' and 'IT Capital of India'.
The hybrid work style combines working from home and the office and has significantly impacted Bengaluru's housing prices. Thousands of IT professionals and their families, who had evacuated the city during the pandemic and were working remotely from their hometowns, are now returning and searching for rental residential properties.
The recently inaugurated 119 km long Bengaluru-Mysore Expressway is becoming the eye candy of plot investors these days. The newly built expressway, which cost an estimated amount of Rs. 8,066 crores to get constructed will ultimately increase urbanization in the nearby areas attracting plot investment in Bangalore and Mysore. The 10-lane expressway connects the two major technology hubs of India between the NICE Road (Nandi Infrastructure Corridor Enterprises Road) and the Outer Ring Road (ORR).
Functions of warehousing have significantly changed with the arrival of Third-party logistics and ECommerce companies such as Xpressbees, Delhivery, Snowman, Flipkart, Nykaa, etc, which are transforming the commercial sector of India.
On May 1st, 2016, the Indian Government established an act for the Real Estate Regulatory Authority to regulate and promotion of the real estate sector and to ensure the
To protect the interest of the consumers.
To bring efficiency and transparency to real estate development.