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Bangalore is the 4th largest technology cluster in the world. With 734 Multinational Companies having it presence, this city attracts the highest migrant population in India and has seen 47% growth in population in last 10 years.
Bangalore has a robust demand for Office Space and currently has a vacancy of just 8.6% compared to 28.6% in NCR and 21.9% in Mumbai. Bangalore, the educational hub of India, houses 21 engineering colleges, highest in any city in the world, thereby generating a strong rental demand for the residential real estate.
Bangalore Residential market has witnessed an annual price appreciation of 20-25% yoy, outperforming all other cities like Mumbai, NCR & other Tier-1 cities.
Bangalore accounted for 39% of the commercial office space absorbed across the country. Bangalore has started 2015 with a bang with Flipkart, KPMG and Honeywell cumulatively accounting for 5.1 mn sq ft in a space of 2 months According to Colliers Research, in 2014, Bangalore and Chennai witnessed maximum demand and growth, while Kolkata, Mumbai and Gurgaon were unchanged.
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