Bangalore is popularly known by several
epithets and Silicon Valley of India is just one of them. The IT revolution in
Bangalore, which made the city what it is today, gave it the title of Silicon
Valley. It is a comparative reference to the original Silicon Valley in San
Francisco Bay Area, California, which is a major IT hub in the United States of
America.
Bangalore, on the other hand, has carved a space for itself in Indian
map as a major technology hub. In fact, Bangalore was the first city in India
to jump the IT/ITeS bandwagon. It was only later that cities like Hyderabad,
Pune and Delhi followed its footprints.
With rapid expansion of
IT and dotcom companies, the real estate in these areas have also recorded a
decent growth in the last couple of years. As several youngsters migrate to
Bangalore for better job opportunities, the demand for apartments for sale in
bangalore in these areas have gone up significantly. The
rental market in areas in and around the IT hubs is also flourishing due to
huge demand from the techies.
Today, Bangalore is known for various firms
in research development, electronics, software production and manufacturing
units. With this, the city has become the second fastest growing metro city in
India with economic growth of about 10.3 per cent. As per Forbes, the city is
one of the ‘Next Decade’s Fastest Growing Cities.’
So, when did it all started? Well, back in
1970s, RK Baliga, the first Chairman and Managing Director of Karnataka State
Electronics Development Corporation came up with a proposal of developing the
electronic city. For which, about 18km south of Bangalore, 335 acres of land
was bought. And the rest, as they say, is history!
At present, Bangalore is
home to over 5,000 IT/ITeS companies including multinationals and start-ups. Several
areas in the city have developed into self-sustaining IT hubs. These include
Electronic City, Whitefield, Hebbal, Sarjapur Road, to name a few.
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