Bangalore Among 20 Technology- Rich Cities in the World

Bangalore represents India’s IT industry in front of the world. The city has blossoming IT clusters supporting Bangalore’s economy and ultimately backing the overall current growing economic condition of India. The current status of Bangalore suggests that economic growth of the city will reach 8 percent this year.

image source: articles.economictimes.indiatimes.com
The Proof

To prove it, we have a survey from global property consultant Jones Lang LaSalle (JLL) revealing Bangalore at 12th position in a list of twenty “technology-rich cities” in the world. The list reveals that London, San Jose and Beijing are the top three cities. India has surpassed some of the best Asian countries. It is a positive sign for India as a rapidly growing country. It is a big achievement for us.




image source: dakotafinancialnews.com

Bangalore helped India debut on the 'City Momentum Index' Top 20 list. It is an annual survey conducted by JLL globally. It reinforces Bangalore’s status of being one of India's premier technology centres. It also depicts that the city must be supporting a large number of jobs.

What supported the city to debut in the list at 12th position are:
  • Continuous economic growth
  • Heavy investments in infrastructure
  • Presence of start-ups
  • Significant supply of prime office space
The two basic factors that contributed to Bangalore's strong performance in the survey include:

Current Real Estate Scenario

The real estate momentum in the city helped major tech-industry to enter the market. Especially, national and international IT companies saw it as a lucrative opportunity and registered their presence years back. It had opened the doors for many IT jobs in Bangalore. Still, it caters as one of the best destinations to find attractive job offers. Its performance as one of the best technology rich cities is due to some of world's highest levels of key office space construction, absorption and rental increases.
image source:commercialofficebangalore.com

Current Transportation Scenario

Bangalore’s metro train and bus rapid transport system have made FDI (foreign direct investment) projects continuously flowing towards the city. Considering these infrastructural developments, foreign companies have enough reasons to believe on the possibilities of business here. The current convenient public transportation system attracts a large number of workforces here. For growth of any business, transportation system around plays a crucial role; Bangalore Metro and Rapid Bus Services have done a great miracle!

Conclusion

There is an apparent increase in the commercial space from the IT sector and IT-enabled services. Ultimately, it increases the possibilities for more IT jobs in Bangalore. On the other hand, transportation facilities have gone so important that FDI is majorly dependent on that. It is a good sign for Bangalore, India and IT job seekers.
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