Apartments in Bangalore

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Availability of large space, proximity to social infrastructure, incentive from government, higher FAR (Floor Area Ratio), good connectivity to key city areas

East opens opportunity for commercial expansion after Bangalore south. The companies looking at setting up large establishment are attracting towards eastern belt from Marthahalli onwards. There are number of reasons for setting companies here. Some of the important reason and attraction of east are availability of large space, proximity to social infrastructure, incentive from government, higher FAR (Floor Area Ratio), good connectivity to key city areas and so on. Some industrial units are already present here, key industries influencing economic development in the city and suburbs are located here.

Increasing commercial grade witnessed especially by the Whitefield micromarket. In last four to five years a development to meet the demand from Industries such as IT/ ITES, R&D and other industries. Whitefield is key region for logistic industries. Presence of central warehousing corporation, state warehousing corporation and other private warehouses opens more opportunities for logistic industries. Improved social infrastructure and residential development holds good potential to industries in IT/ ITES, biotech industry, Research & Development (R&D) and other industries.

Eastern belt starting from Marthahalli offers good opportunity for investment. Capital values for Grade A and Grade B spaces in Whitefield were at Rs 2,700 per sqft and Rs 2,400 per sqft respectively. East opens more opportunities as expansion is possible with availability of large land parcel. Chennai railway line and provision of revised master plan is eagerly watched by major industries for best use its development. Hosur road and Whitefield road is an important passageway to develop into hi-tech zone.

Tags: Bangalore, Bangalore East, indian real estate, market trend, property, Real Estate India

This entry was posted on Tuesday, June 2nd, 2009 at 6:23 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.