Impact of Bangalore's IT sector on residential property demand
Introduction: Bangalore is famous for its thriving Information Technology (IT) industry. The city has evolved into a global tech hub attracting numerous multinational corporations, startups, and IT professionals from around the world. As the IT sector continues to grow so does the demand for residential properties leading to a significant transformation in Bangalore's real estate landscape. In this, we will explore how the IT boom in Bangalore has influenced the demand for residential properties, the implications for residential construction companies , and the future outlook for real estate in this bustling tech metropolis. Bangalore’s IT Boom: A Magnet for Talent Bangalore's rise as a tech hub began in the 1990s following the liberalization of India’s economy which paved the way for foreign investment and the growth of private enterprises. This combined with advancements in telecommunications and a highly skilled workforce attracted several global IT giants to set up operati...