Overview

Bangalore is a magnificent tech hub of India located in the southern part of the state of Karnataka. Bangalore is also called Bengaluru, and its pin code is 560002. The city is thriving with its tech industry and growing real estate demand. It has become a key employment hub as it has housed more than 67000 companies from around the world. The city is famous for being the country's top exporter of information technology. Major Indian tech organizations like ISRO, Wipro, and HAL have their headquarters in the city. Bangalore is often called out as the "IT capital of India." The city's good weather makes it easy for people to work and travel around. The good connectivity and basic amenities make the city a posh place to live.

Bangalore has a population of over 8 million who work in its IT industry and are spread in different areas. These areas are safe, well-connected with each other, and have a good commuting system. The city offers various modes of commuting like BMTC buses and Namma metros. It has a wide housing option for tech professionals working in these areas. The city offers many villas, plots, and flats in various sizes and budget ranges.

Before settling down in the city, buyers query is Bangalore costly? Bangalore is a costly city, and living here varies according to the size of the family. An individual living in the city needs 40-50 K every month, and with a family, the avg cost is 60-70 K per month. This is an estimated cost that makes it easy for people to plan their budgets before settling in the city.

Bangalore's History

Bangalore's History dates back to 890 and was founded in 1537 by Kempe Gowda, a local ruler. It was initially a small town built around a mud fort. The city came under the control of the Mughal Empire in the late 17th century. In 1759, it was sold to the Mysore Kingdom, led by Tip Sultan. Tipu Sultan and his father, Hyder Ali, played a key role in developing the city's infrastructure. After Tipu Sultan died in 1799, the British took over the city. The city became an important British military base. In 1947, after India gained independence, Bangalore grew rapidly. It emerged as an IT hub in the late 20th century, earning the nickname "Silicon Valley of India."

Specialty

Bangalore is special for its IT sector and is the country's leading software exporter. It is also a major semiconductor hub of India. Many state-owned aerospace and defense organizations are located in the city. For people to work in the city, usually use its local language, Kannada. The city is also one of the top education hubs of India. It has housed more than 200 schools, colleges, and universities. Top universities that are renowned in the country as well as the world are in the city are:

• IIM Bangalore
• NIFT
• Christ University
• NLU
• Bangalore University

Bangalore's Real Estate Market

Bangalore is known as India's IT hub, drawing people from across the country and the world. This makes it a great market for real estate investment. In 2024, the city's residential market has been very active and has grown a lot. This makes it a good choice for both new and experienced real estate investors. The city's best localities, like Whitefield, ORR, Sarjapur Road, and Yelahanka, are in high demand. Reasons to invest in the city's real estate market are:

• More options in the suburbs - There are many suburbs in the city, like Sarjapur, Marathalli, etc, that offer many options. These places offer apartments and villas launched by the big builders. The prices set for the sale of the property are also affordable and suit the buyer's needs. These areas are also the key locale for housing the top companies and tech parks. These areas yield high ROI and rentals to the buyers and investors.
• Market Trends of the City - In the 1st quarter of 2024, Bangalore saw the highest number of home sales in India. There were 16,995 units sold, showing a 30% growth compared to last year. Most of the sales came from mid-range properties priced at Rs 50-75 lakh. Also, the premium properties priced at Rs 1-1.5 crore were sold. This shows the wide range of budgets among homebuyers.
• Housing options by big builders - The city's infrastructure changed because of the real estate tycoons. Top builders like Godrej Properties have launched their lavish township projects in the city. It has launched Godrej Lakeside Orchard in Sarjapur. The venture offers 2, 3, and 4.5 BHK apartments at affordable prices. Many more builders offer premium segment villas and plots.
• Top-class Connectivity - Bangalore's connectivity is top-class through all modes, including air, road, and rail. For people to travel to any part of the city, BMTC buses are available 24/7. The Namma metro line has further improved the city's transit system. There Namma Phase 3 A is currently under construction and will link the Purple line to the Blue line. There are low-traffic roads in major areas linking to the 4 zones and the central part of the city. The ORR, NICE Rd, SH-35, NH-75, NH-44, etc, have further made the city's road network good. The Kempegowda Airport, the sole serving airport of the city, is located in the Northern part. It can be reached by buses and private taxis. The map of the city shows all the flyovers, metro lines and bus stands for commuters to reach easily.
• Essential Amenities - The areas of the city are safe and posh and give a luxurious life. These areas boast the best schools, hospitals, malls, and hotels. These also have emergency stations like women's helpline centers, fire stations, and police stations. The city is rapidly developing and offers all the amenities to its residents.

Here are the top 10 points about Bangalore City

1. Bangalore is the 3rd most populated city in India and the 4th largest urban area. It is also the biggest city and the largest urban region in South India.
2. It is the 1st tech city to have metro connectivity.
3. It is the 27th largest city in the world and is also the busiest.
4. Bangalore enjoys pleasant weather all year round. Its many parks and green areas have given it the nickname "Garden City" of India.
5. It also sits at the highest elevation among India's major cities at a huge height of over 900 m (3,000 ft) above sea level.
6. The Bangalore airport is the 3rd busiest airport in India and is also one of the busiest in the world
7. Bangalore has housed the most number of tech firms and startups in India.
8. All the research-based headquarters are in the city like ISRO and DRDO.
9. The city offers housing options for all buyer types and yields the highest returns on investment.
10. It proves to be one of the safest cities in the country with all facilities available.