Technology Drives Bangalore Real Estate

Technology Drives Bangalore Real Estate

by George Gonigal

Internet retail sales has had a dramatic impact on retail properties in Bangalore by reinforcing the trend towards entertainment and convenience oriented tenants, and enabling retailers to expand into multichannel distribution systems incorporating Internet sites and "land based" stores. Technology is so pervasive in our society that it is difficult to isolate and evaluate its influence on real estate demand. Technology's influence on demand is generally positive given its fundamental importance to economic growth.

Fortunately, through continuing innovations, adapting tenant mixes, and capital investment, retail property owners can moderate many potential declines in retail demand from consumers. In the long term, rent pressure is expected as and when the communication distribution channel grows, says Zaffar Sait, DGM Business Development, Prestige Group, Bangalore.

However, technology will significantly reduce demand in some areas and increase demand in others, making winners or losers out of certain properties or geographic markets. Investors and other real estate professionals who maintain vigilance concerning technology change will outperform their competitors. Impact on commercial properties

Technology is generating a net positive effect on the office employment growth in turn creating a huge demand for real estate in Bangalore. The demand for "intelligent" building technologies by office tenants is not in its infancy. Regardless of the type or size of tenant, the key issues driving tenant office leasing decisions are cost, proximity to the boss's residence, access to current and potential employees, proximity to customers or clients, and proximity to restaurants and recreation.

Few industrial property owners are interested in "intelligent" building technology. Owners are focused on providing the backbone infrastructure to enable the widest range of tenants to be accommodated in their properties.

Technology has been a key driver of Bangalore's economy historically, and will be so in the future. Accordingly, while many new technologies appear, in isolation, to reduce real estate demand, the net effect of technology on economic growth and real estate demand is fairly positive.

Real Estate in Bangalore

Real Estate in Bangalore

by Jia Dany

Real Estate is nothing but real property; Real estate agencies are those people who buy or sell the property to the clients who need the property. For this the real estate agents will get commissions from their clients. In Bangalore like cities the real estate business has a great role. Most of the companies and peoples are buying or selling their properties through the real estate agencies. If you want to buy a flat or a land in Bangalore its difficult to get when you directly going to search, but once you contact with a real estate agency then you feel its easier to get your land or flat or anything. No need of tension and no need to take your time to search.

The real estate agencies will contact you once they get the land or building whatever you want to buy or sell. The major advantage is that you will get lots of selections and you don't want to be the part of searching your buyer or seller. Only you have to do is that once the real estate agencies calls then just contact with them and decide about your properties.

Bangalore is a wide area, if you need a property to sell or buy or rental then you just go and contact with a real estate agency and tell your conditions to them. This is the only thing you need to do for your side to start your search, after this the agencies will do the searching part; you can carry on your works. No need of spending time for this searching.

There is lots of real estate agencies are there in Bangalore. So once you are contacting or going to do a deal with a real estate agency, know all of their terms and conditions, mainly their commission terms.