The liberalization of hardware and software import and export policies heralded an unprecedented change in the character of the country. And nowhere was this change more evident than in the hitherto laidback city of Bangalore, also dubbed the retirement city. The 1990s did not just open up India’s economy; it also made the world sit up and notice Bangalore city.
IT majors such as Infosys and Wipro were quick to recognize the potential of Bangalore and its propensity for growth. Many other large IT companies soon followed suit, and Bangalore soon became one of the hottest IT destinations in India. Today, the city also is the unofficial start-up capital of the country, with several start-ups having their home bases here.
The large number of job opportunities that became available in the city quickly attracted new residents from India and beyond. Bangalore’s fast-developing and progressing physical infrastructure and robust, world-class social infrastructure have been vital in the growth of the city. Bangalore is known for its progressive, cosmopolitan, multicultural, and peaceful outlook, which has attracted a large influx of new residents.
The residential real market of the city began seeing an exponential growth that was keeping pace with the commercial development. The city is now expanding in all directions, and every zone of Bangalore is now seeing newer areas being amalgamated. Every major developer has developed numerous luxurious residential apartment enclaves in the city, with several more being launched almost daily.
These apartments are well-designed units that are luxurious and have copious amounts of space, ventilation, and light flooding the areas. These apartments are thoughtfully designed and meticulously constructed to meet even the needs and requirements of the modern, urban resident. These residential enclaves are also replete with an array of amenities that are provided to enrich the residents’ life experiences.
Tata Carnatica prelaunch residential township at Devanahalli, North Bangalore.
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