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A LOOK AT PROPERTY MARKET IN BANGALORE’S WHITEFIELD AREA

Whitefield is a burgeoning micro-market which has turned into a self-sustaining area over time. The growth story of this location was scripted in the early 2000s, when the IT boom of Bangalore reshaped Whitefield as a major suburb. It is now one of the most sought-after real estate localities in the country. Over the next 24 months, it will be excellently connected to other key parts of the city by the ‘Namma’ Metro.

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HERES AN UPDATE FROM BANGALORE REAL ESTATE MARKET

Bangalore has been the fastest-growing city of India since the past few decades. IT has been the major growth driver and is responsible for aggressive real estate development in the city. Being the IT hub of India, Bangalore has a multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. Currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and North Bangalore.

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WHITEFIELD GETS RS 55-CR BBMP BOOST

Call it a civic revolution or collective citizen activism; but whatever the Whitefield residents did under the banner ‘Whitefield Rising’, is ultimately paying dividends. The area which generates Rs 26,000 crore for the state’s exchequer is being allocated Rs 55 crore by the state government with immediate effect – a decision that brings tremendous relief to techies working in Whitefield and its harassed residents.

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Real Estate Roundup

Active Home-Building Industry Will Lead to More Demand for Warehouse Space

Strong consumer spending and the rise in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for warehouse space. — From NRE Online

To Buy or Not to Buy: That Is the Developer’s Question

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