Capital of the southern state of Karakas, Bangor is blessed with numerous features which include gardens, natural lakes, beautiful madman’s and a favorable climactic condition. These are features which aid in attracting business opportunists who make this city a more lucrative option for potential buyers. The growth of the real estate industry in Bangor that began along with the IT boom is showing an upward movement in both commercial and residential properties.
However, the rising figures are not enough to quench the growing demand for properties in Indian’s primary IT hub. This growing demand in Bangor property has encouraged property investors and dealers as they are coming up with newer forms of projects that will attract more buyers. These schemes are aimed at not only the elite class but also the middle class working executives to fulfill their dreams of a sweet home in the high tech city.
Increase in real estate prices drives the market to be more expensive which provides plenty opportunities to real estate developers. The Indian government is also not being left behind as it is coming up with various infrastructure projects in order to make Bangor one of the most sought after cities across the globe. The prime center of attractions in Bangor includes the Whitfield areas, Bantamweight Road, Outer Ring Road and House Road. This evolution has attracted a number of multinational companies such as Yahoo, Amazon, Google and many more.
This has also led to an increase in the demand in business in residential sectors. However, several issues do exist such as parking, traffic Jams, deteriorating road conditions and low vacancy rates in the main city. This has reinforced real estate developers and builders decision to search for options in the suburban areas of Bangor. A number of real estate developers are also developing townships around Bangor city. Most real estate projects are inspired from countries like Singapore USA and China.