RMZ Marq – Surrounding Developments
The city witnessed a net absorption of 33,988 units in 2012, of which the lion’s share of 45-50 per cent was seen in Bangalore East
“Unlike Mumbai, the garden city expands laterally as more and more people move to the city for work. The residential sector throughout India may appear dull despite numerous attractive schemes offered by developers, in addition to the housing loan exemptions from the Government. However, Bangalore has a different story to tell,” says Shrinivas Rao, CEO-Asia Pacific, Vestian Global. “Accommodating over one million IT/ITeS workforce, and expecting to add over 100,000 employees annually, Bangalore witnessed a net absorption of 33,988 units in 2012 of which a lion’s share of 45-50 per cent was seen in Bangalore East. Once upon a time nothing but vast expanse of agricultural land, today Whitefield and ORR-Sarjapur count as the city’s most exciting residential destination, he says, “with everyone keen to move into that area.” What could have possibly led to such popularity and rapid transformation of Bangalore East into “the most sought after” region by home-buyers and investors?