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The Information Technology (IT) sector guided a major upheaval in the panorama of Bangalore. Development and conveniences were confined to certain parts of the city but the today the city has stretched out its arms and has started developing towards the suburbs and the peripheral areas. With commercial growth are on the horizons in the regions away from the main city, residential choices bounced in the area to meet the increasing demand. Market analysts elucidate this as the IT companies need commercial spaces with huge floor space to accommodate the large number of employees thus paving way for the growth of bigger office complexes specially designed to supply to their needs. These office spaces growth calls for huge piece of land and such land is available in the suburban and peripheral areas of the city. As majority of the IT companies are established in the outside peripheries, demand for residential alternatives heighten is the regions located near to these office developments. Few such new areas that are experiencing spurge in the residential and commercial growth are Koramangala, Bannerghatta Road, HSR Layout, Outer Ring Road (ORR), Sarjapur Road, and Whitefield. Growth of premium homes Conventionally, the major residential regions of Bangalore were by and large limited to Sadashivanagar, Vasant Nagar, R T Nagar, Malleswaram, Rajajinagar, Jayanagar, Vijayanagar, and Fraser Town amongst others. The residential alternatives available in these areas were typically standalone individual bungalows or houses and relatively very few apartment developments. Conversely, with the IT revolution, the city propelled as a foremost IT city in the country and the amiable climatic conditions and moderately affordable values experienced top IT organizations building their offices here. In addition to these commercial developments, an increased demand was brought about in the in the residential sector paving way for some of the major residential developments in the city across areas close to these office developments. Market analysts further added that the meaning of premium homes has witnessed a lot of changes in the precedent, and it will prolong to do so in agreement with modifications in the economy. For example, prior the premium apartments’ sizes vary from 1,600-1,800 sq ft in developing areas like Outer Ring Road and Whitefield, and villas were sized at 1,800-2,200 sq ft.
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