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The source added that efforts will also be taken to extend the metro connectivity being planned from Bommasandra in Bengaluru to Hosur.
Bengaluru, India’s Silicon Valley, has long been a hub for the IT and tech industries. But the city’s real estate market is now offering investors a secure and customizable opportunity to own a piece of the city’s growth.
One option for investors is to purchase a plot of land from Shanders projects, a real estate company that has all the necessary government and statutory approvals. The company offers speedy home loans to help investors move in quickly and with confidence. The real estate market in Bengaluru is divided into three concentric rings, ensuring that there is a plot of land available at the right price for every investor.
But the potential for investment in Bengaluru doesn’t stop there. The Tamil Nadu government is planning to diversify the industrial city of Hosur, located just outside Bengaluru, by creating a self-contained ‘Tech City’ spread over an area of 500 acres. The city will host IT/ITES firms and Global Capacity Centres (GCC), and will offer ‘A’ grade office space for those looking to make their way into India.
This project is expected to attract fresh investments in the Information Technology and Information Technology Enabled Services industries, as well as the spin-offs from Bengaluru, the country’s IT capital. The aim is not just to diversify Hosur, but to build a self-contained city where everything people working there need is accessible within 20 minutes. The TN Tech City will be self-sufficient, with hotels, convention halls, recreation facilities, plazas, schools, and possibly a helipad.
The move to attract GCC firms to Hosur comes after global shipping firm United Parcel Service (UPS) chose Chennai to set up its first technology centre in India. Hosur’s proximity to Bengaluru, with its excellent rail and air infrastructure, will also play a major role in attracting GCCs into the industrial city.
With these developments, investors have the opportunity to invest in plots of land and real estate in Bengaluru and Hosur. Owning a piece of the growth in these areas could be a smart investment for those looking to capitalize on India’s booming IT and tech industries.