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Bangalore property -
Beyond Green
The famed garden city is already home to many NRIs
who have returned to set up software business or
have joined as senior executives in branch offices
of parent company overseas. Regular construction is
actively going around in areas like Marathalli,
Saraipur-Hebbal towards Outer Ring Road. Even office
space is being let in CBD and non-CBD areas.
MG Road in Bangalore remains by far the most
prestigious and coveted business district. The
Bangalore Development Authority, which came into
existence in 1976, has been continuously upgrading
properties under existing laws and new schemes to
meet the growing demands of the new inhabitants of
the city. Its main agenda is to transform Bangalore
into a global destination for several companies.
And with the new structures that are coming up it
already seems to be meeting its goals. It is making
sure that the local developers are working within
the existing framework. The garden city has already
blossomed into a full-fledged commercial district
with better living and working conditions. It is now
being touted as India’s answer to the Silicon Valley
in America.
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