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Developers in Bangalore – A Brief History

Bangalore has come a long way in its transformation from a pensioner’s haven to its current state as one of India’s best cities. It is currently designated as the IT capital of the country . The IT industry has pumped in thousands of jobs and given enormous buying power to the software programmers and developers in Bangalore. As a result of this enormous change in its economic profile, Bangalore’s real estate market has grown by leaps and bounds in the last 25 years. The best real estate developers in the country have invested heavily in this city, creating a huge supply of apartments, villas and row houses in the city. The journey has been a long one, with many twists and turns. In this article, we try to chart out the history of the city’s real estate development and developers associated with it. If you are looking to find out who the best developers in Bangalore are and get more info their upcoming projects, please click here.     The Early Years The birth if IT industry in Bangalore started around 1980s, and along with it were sown the seeds of the city’s real estate explosion. Companies like Infosys, Wipro and IBM providing IT services set up their operations in the city. Initially, the growth was concentrated around the central part of the city and was largely driven by BDA (Bangalore Development Authority). However, only a small percentage of the population could afford to buy their own house in Bangalore because of non-availability of land and lack of loan options at affordable interest rates. Most constructions were of independent houses in Bangalore and there were not too many apartments. Some of the best developers operating during this time were Embassy Group, Prestige Group and Unitech.      The Growth Years After the economic liberalization, government of India began encouraging...

Top Bangalore Builders List

 Bangalore builders and developers list   If you have done it already, please read our article on Builders in Bangalore to get an introduction on the best property developers in the city. What we have tried to do in this article is to provide a comprehensive list of builders and developers to arm you with information required to find your dream home. We have essentially categorized them into tiers based on their reliability, user feedback, past performance, affordability and market presence. This list has been updated to include contact details, user ratings and reviews and current residential projects in Bangalore.   Click in the tabs to know more about each tier (Tier 1 / Tier 2 / Tier 3)   Tier 1 Builders Tier 2 Builders Tier 3 Builders Tier 1 builders are the most reliable developers in Bangalore. The have a strong presence in Bangalore and have a historical track record of executing multiple large scale projects in Bangalore. They generally cater to higher end customers (think luxury apartments). The quality of construction has had consistently good review from residents. The projects have essentially all amenities one would expect in a high end complex. You can essentially invest in these properties without any fear and can expect good returns on investment. Click here to access Tier 1 builders in Bangalore. Tier 2 Builders deal with smaller projects in Bangalore, but have a good track record. They have usually execute fewer projects when compared to Tier 1 builders, but nonetheless have a proven track record in completing projects on time and budge. They cater to those homeowners looking to buy affordable housings but do not want to compromise on quality. Click here to access Tier 2 builders in Bangalore. Tier 3 Builders deal either deal with very small projects or do not have a strong presence in Bangalore. One needs to do...