1 City Overview
Bangalore, renowned as the ¡®Silicon Valley¡¯ of India, is the capital city and the main economic centre of Karnataka state. It is
also the 4
th
largest technology cluster in the world and is recognised as the Asia¡¯s ¡®Fastest growing Technopolis¡¯. Bangalore¡¯s
population is 9.59 million as per Census 2011 and is India¡¯s third most populous city after NCR (National Capital Region)
& Mumbai and the city¡¯s population had a decadal growth rate of approximately 47% over 2001-2011.
Bangalore emerged as a prominent hub for Research
& Development in India, with reputed institutes like
the Indian Institute of Science and Indian Space
Research Organization having set their base in the
city. With the advent of IT/ITES industry in 1990s,
Bangalore attracted large scale IT investments on
account of its conducive weather conditions, pro-
active government policies, and ample availability of
suitable manpower resources. Since then Bangalore
has witnessed a phenomenal transition in its
economic growth and image from being known as
the ¡®Pensioners Paradise¡¯ to becoming the country¡¯s
most attractive IT destination. In addition to the
established IT/ITES industry, aerospace research,
biotechnology and established premier education
institutions makes it one of the most cosmopolitan
city in India. In the context of economic advancement,
Bangalore is one of the fastest growing cities in India.
A major part of this growth can be attributed to the
information technology boom, which has reflected
strongly in the real estate industry.
Currently, Bangalore alone accounts for approximately
33% of software exports from India. Software
Technology Park of India registered units exported
approximately US$19 billion in FY14/15 from the
state. Apart from the significant IT/ITES activity,
the city is also witnessing enhanced activity levels
across diverse sectors such as aerospace research,
biotechnology & textile sector. The city is ranked 3
rd
among Indian cities in attracting Foreign Direct Investment (total investment amounting to US$17 billion between April
2000 to April 2010).
Over the years, large campus developments by IT majors initiated the commercial activity in Electronic City and Hosur
Road to the south and Whitefield towards the eastern periphery of the city. These large campuses attracted a significant
number of smaller IT/ITES companies to follow suit and the two regions emerged as the commercial growth vectors of the
city. Prominent global companies across the city include Microsoft, Shell, Google, EY, KPMG, Goldman Sachs, Accenture,
IBM, Capgemini, etc.
North
Bangalore
Devanahalli
Yelahanka
Hardware
Park
Hebbal
NH-7
SH-104
CBD
NH-4
NH-7
NH-4
NICE
SBD
PBD
PBD
Budigere
Cross
South
Whitefield
E-City
Yeshwantpur
Sarjapur ORR
EBD
ORR
North
Jayanagar
Map not to Scale
N
B
Bangalore COMMERCIAL MARKET OVERVIEW
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ASCENDAS india trust ANNUAL REPORT
2015/2016
