Moving to the Suburbs- the Evolution of Bangalore
The explosion of development in a city has a far-reaching effect. A city that is thriving attracts people and with them the demand for residential housing, flats, properties and real-estate escalates. This trend was shown by such emergent cities as London, Paris, Berlin during the Industrial revolution era and continues to be displayed by later day icons such as Warsaw (Poland- Industry), Bangalore (India- IT), Singapore (Tourism Hub) and a host of other metros. The influx of people was necessary in these cities as they directly corresponded to the man-power required to acquire these locations their bragging rights. However, alongside this specialist force- a mass of general population too moved in and these cities were stretched to their limits in terms of their available resources. The ingenious solution devised- minor, feeder cities/localities that lie at a commutable distance from the metro and houses a majority of its workforce. True, many of these localities were not ‘intentionally’ established but were emergent solutions to the severe demand for residential properties- house for sale, house on rent, flats, paying guest facility etc.
We shall examine Bangalore as an example. The town that was originally known as the ‘garden city’ was a quiet, chilly, friendly place that was favored by retirees and people who liked a slow pace of life. In the early 90’s however, the major IT barons of India- Infosys & Wipro saw a economic potential in Bangalore that would transform the city, in a matter of a very productive decade, into the Information Technology hub of the progressive world- now called the ‘Silicon Valley’ of India. Reputed International IT brands such as IBM, Microsoft, Intel, Samsung, Yahoo, Google etc have established firm roots here alongside India’s own- Infosys, Wipro, HCL, TCS etc. The lure of a ready market also brought in other non-IT giants in the automobile, entertainment, fashion & accessories, retail outlets and fast-food joints sector. Real estate in Bangalore is now equated to a pile of gold- and is valued as such. The once spacious city was redivided, replaned and repopulated to suit the demands of the ‘metro’ that Bangalore had become.
In the 90’s, Bangalore saw these massive inputs in terms of population and infrastructure and the civic administration was forced into action. The city was expanding at a brisk pace and the once obscure smaller towns, villages and hamlets in Bangalore’s immediate vicinity were being groomed to become feeder localities where a sizable portion of Bangalore’s IT and general workforce were moving, purchasing properties-real estate and setting up residential and commercial establishments. Locations such as Yashwanthpura, Rajajinagara and Malleshwaram were emerging as favored townships and even far-away points such as Hosur Road area (nearly 80+ Kms from down-town Bangalore) have been modified into self-sustaining settlements. When the main city was choc-a-block with buildings and habitation, the administration decided to establish a new township that would specifically cater to IT and relative companies and would provide a fully self-sufficient, modern and conducive atmosphere for the operations of these companies and as incentive for other such establishments to join in. This development was very aptly named- Electronic City and it lies about 40 Kms from Bangalore. The city is easily accessible by road- with an expressway plan in the pipe-line as well as plans are discussed to connect it via the Metro railway system- a new addition to Bangalore’s transport structure that hopes to ease the heavy burden being currently placed on the city’s road traffic system.
Bangalore’s expansion is a massive phenomenon and thankfully, the civic administration is aware of this fact. Careful consideration is given to any developmental plans that aim at establishing new townships and group hosing projects. Almost every real-estate developer of local and national repute has established shop here and sanctioned construction projects that are being completed in record time, thanks to a dedicated and professional labor-force. In Bangalore, acquiring a house or a flat, on purchase or rent, is considered a mammoth task and worth the investment. Many people prefer the paying guest (PG) option and thus this micro-industry has sprung up across the length and breadth of Bangalore. According to a recent nation wide assessment, real-estate in Bangalore is the most costliest but also produces the maximum output per base unit. The city is home to numerous malls, specialty treatment centers, retail outlets, national and international banks, educational institutions, MNCs etc and its real-estate value is bound to increase in the coming times. A slew of technological parks, newer IT centers and a friendly approach by the state government of Karnataka is likely to see more International entities get a taste of India through the infinite possibilities afforded by Bangalore- the once ‘Garden City’ turned IT capital of India.
More information about the real-estate scenario of Bangalore can be had through our website here: www.findghar.com. This article is a work in progress- if you have information that can add to this piece, kindly mail us at- email@example.com.
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