Commercial and Retail Sector Boom in Bangalore

By: George Gonigal

Bangalore real estate market has always been a trendsetter and the results of the current NHB Residex prove that further, wherein the city has registered highest growth in property values in recent past.

Bangalore is witnessing an all time high demand in commercial and retail real estate. Growth in IT related companies in the city and the demand for space is increasing in ratio with the number of business being established.

Changing lifestyle of the professionals, need for better work environment and interests of foreign investors in Bangalore real estate market as well as its valuation in both the domestic and international markets are the core reasons for increase in real estate values of the city.

Government initiatives are further adding to this property demand in Bangalore. Private builders and corporate bodies are being promoted and encouraged by the government. Bangalore Development Authority (BDA) is ensuring that city development is systematically planned and designed.

The commercial real estate values in the city are increasing rapidly. They have even increase by 100 % at times. According to Ameen, a Bangalore real estate agent, any kind of investment in commercial and retail real estate sector is expected to yield high returns of approximately 12% in the future.

Since, commercial areas in Central Business District regions in Bangalore are saturated, the real estate values across this region are very high. Therefore the developers have moved to the peripheral areas such as Devanhalli, Sarjapur and Whitefield. A large number of commercial as well as residential projects are underway on the area around peripheral and outer ring road.

Industry experts believe that Bangalore property market is very promising and the property values will rise tremendously in the years to come. Further, they feel that Bangalore's real estate market is worth exploring especially the commercial and retail sector which is going to expand at large scale and is poised to pay huge returns to the investors.

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