Redefining Growth: The Ascendance of North Bangalore
The Silicon City of India, Bangalore, has had an enchanting grip on discerning real estate investors for over half a century. The city’s journey to become an investment haven started in the 1970s, when the Indian government made proactive efforts to turn the city into an IT hub. Today, the city boasts a mature industrial ecosystem and an expansive talent pool made up of a large influx of highly competent individuals due to the presence of the best IT firms globally.
As a corollary, the city accounts for 87% of Karnataka’s domestic GDP, with 2 million individuals employed in what is the largest existing technology workforce in the country. While for the majority of this century the Eastern Corridor has been the main stage of economic progress and its revelations, the latter half of this decade has witnessed North Bangalore taking the centre stage, registering one of the highest growth rates the country has witnessed in recent history.
The presence of eminent business and IT parks such as Manyata Embassy Business Park and the KIADB Aerospace SEZ has resulted in successfully attracting the best MNCs and aerospace companies to the region. The region has turned into a connectivity hub, with roadways, flyovers, and upcoming metro rail seamlessly bridging the gap between the region and the rest of the city. Not only that, the region is also in proximity to Kempegowda International Airport, further boosting the economic growth of the locale.
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