How Bangalore’s IT Tech Export Growth Impacts Hennur Real Estate

It is well documented that Bangalore’s IT growth and tech exports perhaps take a lion’s share in the country’s IT export figures. Bengaluru, which is rightly called the Silicon Valley of India, stays true to its reputation and accounts for almost 40% of India’s overall IT exports. This is a trend that has been prevalent over the past decade or so and has only gained traction even amidst global disruptions like the pandemic and major economic crises that have occurred. Let us study how this stronghold in the IT and tech exports segment directly impacts the real estate market of the city.

The contribution of Bangalore to the country’s total GDP is also very significant, and this mainly comes from the strong IT and technology business sector of the city and state as a whole. The market has only grown from strength to strength and is believed to be home to more than 400 Global Capability Centers (GCCs) today. Many more are expected to come up with a primary focus on the latest growth areas like AI, cybersecurity, and digital transformation, and the city has already started taking measures to not only accommodate this growth but solidify and sustain it for the long term.

IT Export Driving Real Estate Value in North Bangalore & Hennur Road

The reason for the city’s dominance in IT exports is how well balanced it is in terms of housing both large global businesses of monumental scales along with several unicorn startups that are on the path to make it big. What this does is drive very crucial factors like employment opportunities, salaries, growth of public infrastructure, and more importantly, real estate demand for both long-term use and investment. 

The IT revolution may have begun over 2 decades ago led by establishments like ITPL and EPIP Zone, but today its rise as a global powerhouse is nothing short of monumental with how exponentially it has grown and still continues to grow. However, the city does face some infrastructure challenges due to this unprecedented growth in IT where South Bangalore and East Bangalore zones have become overly concentrated with major IT parks and very little space.

This is where North Bangalore comes into the picture to save the day, and all of the recent initiatives around IT, technology, AI and aerospace developments in Bangalore are aimed at boosting the ability of this high-potential region to handle the growth and in a structured manner. Hennur Road, being right on the periphery of top IT hubs of the city like Hebbal and the Outer Ring Road IT landscape. 

What This Means for Purva Hennur Road Apartments

Puravankara’s latest luxury apartment project, also known as Purva Codename Hennur, is coming up right in the epicenter of this growth scenario of North Bangalore, and it is also well connected to East Bangalore IT hubs along ORR as well as CBD. In North Bangalore, it is one of the top areas that benefits significantly from large global centers like the Embassy Manyata Tech Park, which employs millions of people from around the world.

Over the years, Hennur’s growth in terms of real estate demand and values have been directly tied to the IT growth of such parks as well as airport-linked developments and employment. The best part about this location that brings more and more people who seek long-term housing is its strategic placement right in the sweet spot – both in terms of connectivity and social infrastructure. The Purva Hennur Road luxury apartments will take full advantage of these factors and fulfill all the lifestyle and investment requirements of homeowners.

It is a rare luxury project in a prime North Bangalore location that focuses on giving residents a low-density, high-privacy environment at a highly attractive price. The 3.01-acre land parcel of these high-rise apartments will come with just 192 homes in a single residential tower that has 2 wings. There will be a total of 24 floors for spectacular views of the surroundings, over 20 amenities, including 2 clubhouses, and no shared walls across the apartment community. From a pure investment standpoint, investing Hennur and Purva apartments combined will yield you excellent returns for a very long period driven by the IT export growth.

FAQs

1. How does Bangalore’s IT export growth impact real estate demand?
   The Silicon Valley of India is the strongest contributor in terms of IT export growth, and even over the last five years, this growth has only grown year over year. This has had a steady and positive impact on the real estate demand, especially in the luxury apartments category.
2. Why is North Bangalore emerging as a key real estate zone?
   The growth of IT strongholds in South and East Bangalore has reached saturation, and the limited availability of land and saturation have driven IT, aerospace, and AI-related employment and establishments towards North Bangalore along with residential communities, whether it is apartments, villas or plots..
3. How does Hennur Road benefit from IT growth in the city?
   Hennur Road is a significant beneficiary of the IT and technology growth of Bangalore because of how close it is to top IT hubs like Embassy Manyata Tech Park in Hebbal as well as the IT zones along the Outer Ring Road. This is why the demand and supply of real estate, especially luxury apartments, are always favorable.
4. What makes Purva Hennur Road apartments a strong investment option?
   Purva’s Hennur Road luxury apartments in North Bangalore will benefit from an excellent masterplan and floor plans that are centered around luxury features and low-density living, and they will offer easy connectivity to all major IT hubs of North Bangalore as well as the ORR. Hence, investing in the Purva luxury flats in Hennur will give you good long-term ROI potential.