The Growth Of Bangalore As A Real Estate Hub

Bangalore, officially known as Bengaluru is the capital city of Karnataka. In terms of PPP GDP, the city has a lot offer, and is ranked somewhere between third to fifth among the metro cities and is considered to be the 2nd fastest metropolis in the country. Bangalore is home to several reputed institutions, like the Indian Institute of Management, Indian Institute of Science, National Law School, National Institute of Fashion Technology. Some major public sector undertakings at Bangalore include Hindustan Aeronautics Limited, Bharat Heavy Electricals Limited, Hindustan Machine Tools and much more. Bangalore’s sometimes also known as the Silicon Valley of the country and the IT hub does all the justice to its name with firms like Google, Microsoft, Oracle, Bosch, MU Sigma located in the city. Owing to these factors, Real estate builders in Bangalore have realized that there’s much scope for the growth of their sector in Bangalore and hence we see the residential projects in Bangalore increasing by the day.

One of the Real estate builders in Bangalore is the Alembic group. Alembic has 4 projects, 3 of which are in Vadodara and one at Bangalore. Their project in Bangalore is called the Urban Forest, which is located at Near Hope Farm Junction at Whitefield. The area covered by Urban Forest is 8.23 acres, of which 3 acres is solely allocated towards greenery and 2 acres towards amenities. 636 residences make Urban Forest, in the form of 2 and 3 BHK apartments. With amenities like Arrival Plaza and Entrance Portal, Children’s Play area, Therapeutic pathway, Butterfly park, Private Gardens, Hammock Garden, Lawn Tennis Court, Cricket practice tents, tree plaza, camping sites and Barbecue area, there’s absolutely no compromise on luxury. The area occupied by the residences varies from 1314 square feet to 1890 square feet. A total of 4 towers, 19 storeys is what makes the Urban Forest. It comes with an amphitheater, tree houses and a jogging track so you get to chose from entertainment, serenity, fitness, as per your mood. Another highlight of the project is its proximity from International Tech Park and the proposed metro station, which is a 5 minute drive away. The other projects of the group Samsara, Shangri La and Veda are concentrated at Vadodara. They have 2 projects concentrated at the Nizampura Channi area, the Samsara, a 5 BHK project and the other, Veda, a 2 BHK project. The 4 BHK project of the group, Shangri La is located at the Alembic City, Vadodara.  Alembic group,  which has a legacy of 100 years, offers a diversified portfolio. Alembic Pharmaceuticals is spread over 75 countries and is also Asia’s most respected company. Alembic Limited is engaged in power generation and also involved in fermentation and chemistry based ingredients. Paushak established in 1972, a specialty chemicals company belonging to the group. Yera is into the Business of glassware, and Shreno provides Engineering solutions and the real estate business of the group is yet another diversified wing of the group, where the expertise of Alembic group can be found.

There’s no dearth of Real estate builders in Bangalore and builders like Alembic group with projects like Urban Forest, are only helping the sector grow even more. 

The IT cum Residential hub of Bangalore, Whitefield

Whitefield, a prime neighborhood in Bengaluru, Karnataka was established in the late 1800s. As the city moved on to witness its IT Boom, Whitefield enormously expanded to become the IT hub of the city. There are 2 main roads serving Whitefield, one that connects it to Krishnarajapura and the other that connects it to Varthur. What’s of prime importance is that the International Tech Park better known as ITPL and ITPB is located at Whitefield. The tech parks is a home to very big companies like Mu Sigma, Delphi, Xerox, Medtronic, IBM, Oracle and much more. Some other big names in Whitefield include the RMZ NXT Building, Sigma Technology Park, gigantic shopping destination, Phoenix Market City.  All these factors have contributed to Whitefield’s coronation as a real estate hub.

Ever since Whitefield’s transformation from a quaint neighborhood to an IT hub, many 3 BHK luxury apartments are now concentrated in Whitefield. Some of the famous 3 BHK luxury apartments in Whitefield come from builders such as Alembic, Brigade, Prestige Group and Mahaveer Builders. One such project is the Urban Forest by Alembic real estate. Surrounded by lush greenery, it gives Whitefield the much needed breath of fresh air. It makes sure the best of nature is brought to your home and the project proportionates 2 acres of land to amenities and 3 acres of greenery. There are 4 individual towers that rise 19 storeys high, with amenities like Gymnasium, amphitheater, tree houses, and a jogging track. Also, the area is located Near Real Hope Farm Junction, Whitefield which has proximity to almost all the necessities of life. Alembic also has projects in the state of Gujarat, in the city of Vadodara. Their 3 projects that Alembic has in Vadodara are Samsara, Shangri La and Veda. Alembic Samsara is located at Canal Road, Nizampura Chhani Area which ranges from 1321 to 3108 square feet, trying to strike a balance between privacy and spaciousness. A total of 532 residences, in an area of 80000 square feet with 2 Thai styled Club Houses being the highlight of the project. The other project of Alembic real estates is called Shangri La located at FB colony, Near Bhailal Amin Hospital, Alembic Road in Vadodara ranging from 1391 to 2811 and has proximity to the necessities. The third project of Alembic real estates at Vadodara is the Alembic Veda. A total of 272 residences, spread over 6 towers, ranging from 1072 to 1600 square feet.

Luxury apartments in Whitefield are more like a necessity, owing to the fact that there are only more tech parks, more companies, more schools, more colleges, more hospitals and more of all the necessities coming up in Whitefield and people would generally prefer living a high-end life. Moreover, the city of Bangalore is also known for its traffic as much its known for being an IT hub. The traffic might just be another factor for people to reside in Whitefield and not move elsewhere. Lastly, Whitefield as an area has set up a benchmark for itself, making it one of the prime locations in the city for 3 BHK luxury apartments. Hence, we could conclude that Whitefield truly has the potential to become a major residential hub in the city, as well as, in the country.