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Riding high on the IT boom, Bangalore is maintaining its position as a prime destination for property investments. Bangalore has over the years transformed itself from being a ‘Pensioner’s Paradise’ to the ‘Silicon Valley’ of India. And it’s the booming IT sector that has fuelled real estate growth in the city emerging as one of Asia’s fastest growing cities with annual growth rate of 3.5 percent.
This hi-tech city accounts for more than 35 percent of the software exports of our country with largest number of software companies, is the main driver of commercial property. The commercial property has been on roll in Bangalore is fully supported by a global real estate consultant. Report says that the transaction volume in 2004 exceeded 6.3 m sq. ft., the highest annual absorption of commercial real estate in the city. An additional 7 m sq. ft of Grade A office space is expected to be added to the existing stock this year.
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For more information mail to: info@propertycafeteria.com
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