FDI brings in good signs for Bangalore office realty
The recent announcement of the government to allow Foreign Direct Investment(FDI) in the multi-brand retail sector is expected to boost the realty sector.
The announcement has triggered anticipated buying and development of office space in parts of South and North Bangalore.
ORR (Outer Ring Road), Whitefield, Electronic City and Mysore Road- Kanakpura Road are the areas which are being targeted as the demand hubs.
Corporates and retailers who were holding back on expansion plans have started to open up their investments in these areas. At present, the prices in the outskirts are extremely affordable and with improved connectivity with the Metro, the outer micro-market areas are clearly the target of office space.
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