1 week ago

Bengaluru’s Next Real Estate Corridors Must Follow Economic Growth

Bengaluru is growing because many companies and workers are choosing the city.

This means new neighborhoods may grow around new job centers.

People who work there will need homes, schools, hospitals, shops and places to relax.

Roads and public transport can help connect these areas.

However, better transport alone cannot make a neighborhood successful.

The area also needs jobs, businesses and people with money to spend.

Developers are being encouraged to plan complete communities instead of only constructing separate buildings.

The best growth corridors will combine work, housing, travel and everyday services.

Key facts

Core principle: Real estate should follow economic opportunity rather than population growth alone.
Major demand driver: Global capability centres account for close to 60% of total occupier demand.
Economic base: Bengaluru’s demand comes from technology, IT-enabled services, professional services, startups, manufacturing-linked activity, education and healthcare.
Growth requirements: Strong corridors need employment, enterprise formation, connectivity, social infrastructure and purchasing power.
Supporting facilities: New job centers may require housing, hospitality, entertainment, schools, hospitals, recreation and commercial areas.
Developer focus: Developers should assess industries, talent, transport, social needs and suitable housing in each location.
Buyer and occupier expectations: Residential buyers increasingly seek amenities, community, convenience, sustainability and everyday services, while commercial occupiers seek quality workplaces, connectivity and talent access.

thehansindia.com · 1 week ago