Starting the Year 2017, to the top investors around globe, Bangalore is right now on their Table as a top investment potential bagger, in the real-estate section of their research reports. So what does it mean? It means that the city has the potential to grow even more than you can imagine, a very positive growth potential.
According to a global research report by Pwc and Urban Land institute, Bangalore tops number one in two categories, in city investment prospect and in city development prospect in the Asian pacific region. The report reflects the views of Fund managers, advisors, consultants, brokers and other industry experts from around the world. In the views of them peak growth is ahead for Bangalore. Even though Bangalore has already emerged as the silicon valley of India and as a main hub for business process outsourcing, the city still needs to develop in other categories of IT field as well, not just BPO. There is a feeling, that a gap prevails in the IT sector of Bangalore, and for its sustained growth, growing into new areas are needed. And in a press release from Cushman & Wakefield last month, it says that a six percent annual growth is expected for next six years in the outsourcing industry.
Foreign institutional and private equity investors considering the need for commercial spaces and taking note of land parcel availability around Bangalore, they are positive towards investment in the commercial structure developments, and in premium residential projects around these structures. Also the city have proved successful for the earlier investments made by them, clearly the previous figures are too supportive. It is now the preferred destination in Asia, for corporate, residential and hotel investments and their potential reward return.Read more »