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Bangalore’s Booming...Startups are Surging

It’s time to reinvent spaces for living and working


As a country, we are on the cusp of an unprecedented economic surge with the rise of internet driven businesses and a booming real estate market. We are currently in the middle of a major startup surge and it is safe to claim that Bangalore is the startup capital of the country. Let’s look at some key statistics for a better understanding of the scenario.

The numbers are telling

  • From 3,100 in 2014 to a projection of 11,500 by 2020, it’s surely a startup revolution in India
  • India already has 48 million SMEs, the second highest in the world after China
  • 65% of our population is below the age of 35 who shall be a billion strong by 2034
  • India to have over 500 million internet users and 350 million more within the next 4 years
  • Nearly 100 million jobs to be created under the Digital India program
  • Bangalore’s population growth has been a staggering 47%, highest in the country
  • Steady growth in the IT industry is expected to boost the demand for residential spaces
  • Bangalore is the only city expected to see growth in sales of new residential spaces
  • Infrastructure investments like the Bangalore Metro, Signal-free Outer Ring Road, Aerospace SEZ, etc., along with rising FDI projects mean an expected economic growth of 8%
  • NEO Bangalore (Hoskote) is also witnessing a rapid growth. Due to massive industrial congregation, NEO Bangalore will need than 400,000 residential spaces within the next 3 years

 

 

East Bangalore... Future Outlook

  • Bangalore urban sprawl expanded to the present radius of about 13 - 15 km in all directions, over the last 20 – 25 years.
  • Upcoming Bangalore Industrial Corridor is one of the major infrastructure initiative which is intended to improve the areas along the corridor.
  • Metro Phase I (Reach 2) planned to reach Whitefield Ashram Road, shall improve the connectivity to Whitefield and nearby areas.
  • Hoskote as a micro market can be expected to evolve into a self sustainable eco - system over the next 10 years timeframe.
  • The proposed Satellite Town Ring Road (STRR) and Intermediate Ring Road (IRR) connecting Hoskote and Devenahalli is expected to improve the connectivity to the airport and other parts of the city.
bangalore

Bangalore’s

Booming...

startup

Startups

are Surging

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