As per the latest study of Associated Chamber of Commerce and Industry of India (ASSOCHAM), Indian property developers are anticipating a 35% surge in enquiries from NRI based purchases, with Bangalore being their favourite destination.
As per the survey of ASSOCHAM, Bangalore tops in terms of investment from NRIs who are considering settling down in India in coming years. The booming IT sector is one of the major reasons behind this. Bangalore has the largest chunk of leading IT and ITES companies in India.
The growing number of IT/ITES companies in Bangalore provides lucrative job opportunities to NRIs who wish to settle down in India. Moreover, the exponential growth in infrastructure and real estate sector also contributes positively towards influencing NRIs to invest in the property market.
Development across the Outer Ring Road
Currently, the most promising residential micro-market in Bangalore is the Outer Ring Road (ORR). The ORR is a major road that is set around most of the perimeter of Bangalore. This has made traveling major distances in the city convenient by significantly reducing traffic snarls on the roads. Manyata Tech Park, Ecospace, Cessna Business Park, EMC square, Central Mall, Central Silk Board are few of the landmarks that are located around the ORR.
Durga Petals is an upcoming project from Durga Projects and Infrastructures Ltd in the prime location of Marathahalli Outer Ring Road, the heart of Bangalore’s IT corridor with proximity to major IT companies, educational institutes, shopping malls and more. Spread on 5 acres of land, Petals boasts of 7 luxurious sky soaring towers with each having 13 storeys. And that’s not all; it also has a club house and 40+ recreational amenities.
For more details on the project, please visit http://www.durgaprojects.in/petals/ or call +919019555777.