Over the last two quarters, Bangalore has been the region
for a recuperated growth in the residential and commercial real estate sector.
The cautious investment sentiments are witnessed to be diminishing and the
investors and buyers a yet again eager to benefit from the ongoing investments
in the civic and industrial infrastructure of this city. The sprawl of
industrial zones and the IT and ITeS parks is fast swinging back into rapid
motion.
Along with the ongoing projects for different phases of the
metro connectivity, expressways and the industrial corridor, Bangalore’s worth
for assets owners has been accentuated in the recent past. As reported by the
Business Standard, Volvo India, a Swedish heavy-duty vehicle manufacturer is in
talks with a Bangalore based developer to buy a massive tract of land. Ranging
up to whopping one million SqFt., this land is supposed to be incorporated in
the consolidation of processes Volvo India.
The giant vehicle manufacturer has been reported operating
out of 6 different office spaces in Bangalore in the present day. However,
owing to the expanding operations and profitable ventures in the Indian market,
the company plans to consolidate its different lines of manufacturing and other
operations at one site for which this deal is on the table. The chosen location
is Outer Ring Road in Marathahalli, East Bangalore where the IT sector has seen
its prominent occupational settlement.
The move by Volvo India is seen as a major highlighter of
the ongoing expansion in the commercial real estate of Bangalore. Along with
inducing a positive sentiment in the market, this realty deal once materialized
is also expected to further boost the demand for residential units in this
area. Owing to its easy accessibility and proximity to business hubs yet a
cleaner environment, the outer ring road have been in rising demands amongst
the real estate investors, developers and the buyers over the past.
Along with the optimal investments in the infrastructure,
evolving pockets of commerce and trade hubs, Bangalore has upheld the momentum
of growth in the real estate sector. The major multinationals and Indian
corporate deals, more offices being relocated to this region has considerably
enhanced the returns on investments across the real estate sub-sectors in the
Silicon Valley of India.
For any queries about Properties in Bangalore, contact our property specialists call on 1-800-1022-224 any day a week between 9 a.m. to 10 p.m.
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