Prestige Group ongoing project Prestige Primrose Hills on Kankapura Road in South Bangalore.
Bangalore is recognized globally as India’s Information Technology (IT) capital. Bangalore attracts immigrants in huge numbers partially because of its lovable climate, and partly because of human capital. The growth of the IT companies in Bengaluru has resulted in people moving far from the central business district (CBD) to other parts of the city. Bangalore too like many other cities spread out when it grew and parallely demand for real estate growing in areas farther from the CBD. Bengaluru South emerged as it is an already residential area developed in all its aspects. Rapid commercial development and closeness to major IT hubs in Bengaluru is also a reason why demand for real estate is high in this region. When Electronic City emerged, it raised real estate prices in the Bengaluru south. The emergence of Whitefield as a major IT hub led to real estate prices rising in the southern side of the city, too. Areas like Hosur Sarjapur Road Layout (HSR Layout) have seen growth in demand for housing because of proximity to the Electronic City and commercial areas of the city. Improving infrastructure is also a major factor why property prices are rising in Bengaluru. The development of the metro network, the international airport, and various road projects have raised real estate prices in the city.