Tuesday, 21 March 2017

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. 

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