Spotlight on Bangalore – an international insight into the current economy and a construction market outlook.
Bangalore is ranked 4th in India for overall GDP contribution and is the 3rd most populated city, with an annual economic growth of around 10%. In the past the city has experience tremendous growth and achieved many key milestones, including being the 1st city in India to get electricity in 1905.
Forbes magazine considers Bangalore as one of ‘The Next Decade’s Fasting Growing Cities’ and with many of India’s key industries, including construction, establishing themselves in the city, there is a huge potential for investment.
There continues to be an increasing demand for quality buildings driven by the expanding industry; Bangalore has one of India’s fastest growing real estate markets. 2014 was a positive year for Bangalore’s property and construction market and Gleeds considers the outlook optimistic for 2015.
Free to download, the report include Gleeds’ local contact details. We look forward to hearing about your future projects and discussing any further information requirements.