Bangalore was official ‘the Silicon Valley of India’ before Hyderabad pushed it at number two. This happened probably because any city that develops fast also has to deal with a huge number of problems cropping up on the surface. Some of the biggest problems that supported Hyderabad overthrow Bangalore from No.1 position was (1) the ease of doing business was reducing, (2) traffic woes were an all-time high and power, and (3) water crisis was becoming acute. Apart from that, the lack of planning leads to a recent surge in population. This, in return, leads to an increased number of vehicles on the roads of Bangalore causing a tremendous amount of smoke emission, especially around Bellandur Lake. Sadly, all these factors also affected the Bangalore tourism badly.
However, the same won’t happen anymore! The state development authorities are all geared up with the Smart City plan. The Bangalore Smart City Plan is expected to give a complete makeover to the city. In fact, as per some of the reputed merchants of residential property in Bangalore, certain measures are already on the pipeline.
Below are some of the measures being taken as a part of the Bangalore Smart City Plan:-
- Illegal holdings of space on pavements etc have been cleared.
- Parks and open spaces are being redone with a lot of concern to make the city welcoming.
- Professional photographers are being hired to capture and highlight the beauty of the city in the best possible light to boost the tourism sector. These pictures will be published in monthly magazines (online and print) and on the Bangalore real estate developers' websites.
- The BBMP or the Bruhat Bengaluru Mahanagara Palike have now tried to include a bicycle ride around the Ulsoor Lake.
- Connectivity to various parts of the city has been improved at large with an app-enabled parking option at Shivajinagar.
- Summing up, investing in Bangalore real-estate can be a profitable decision as, after the completion of the smart city project, the Bangalore real estate is sure to thrive.
You can apply for a home loan from major lenders such as NBFCs in Bangalore. You can apply for the loan online with minimum paperwork and avail a substantial amount to fulfill your dream of buying a house.
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