Property :

“A One” for Someone

- Jay

                  At last, after a long time of speculations and wait Bangalore has been declared by the Centre as A One city, the sixth city in the country to be given this status. New Delhi, Mumbai, Kolkata, Chennai and Hyderabad are the other A One cities in India.
                Who will be the beneficiary? The common man, Government employees, the Industrialists, or the IT Professionals? What is the impact on the people who thrive with their meager daily wages. Let us peep into there a little more.
                Practically this would benefit scores of Government employees by way of enhancement in their HRA rate. Bangalore, in the recent past, has been a favoured destination for most high technology industries and has consequently witnessed significant growth. It has evolved as a Cosmopolitan City with a Global presence. To retain it’s position as a city of the future, the Government has taken up many projects and initiatives. One of them to build Brand Bangalore and develop the economy around Bangalore’s balanced economic base and traditional Industry. Another is putting in place an appropriate, comfortable, integrated multi-model public transport system for the region, based on efficiency and affordability.

Bangalore
       An important move in this direction would also be in developing Bangalore’s physical and communication connectivity, commensurate with its role as a global investment destination and transforming the peripheral areas into Integrated Satellite Townships.
      As a result, the city has become virtually unreachable to the lower and middle class people. Once a paradise for retired personnel, today Bangalore has earned a dubious distinction as one of the most polluted cities in the country due to its increased population and unmindful construction activities. Compare to Hyderabad and Chennai, Bangalore has become an unaffordable one due to its manifold increase in cost of living. The salubrious weather, once Bangalore was famous for has also become a thing of past
              One of the world’s fastest growing cities, a balanced growth can be achieved in the city only if economic efficiency, cost effective infrastructure and market forces are considered while chalking out developmental programs for the city. Despite being a technological hub, the lack of an inter national airport had deprived the city so far of quick international travel connections. The Bangalore International Airport, a new express way to the airport, new flyovers, development of the metro-rail network, these are some major projects that have been taken up in recent times with regard to the improvement of infra structure in the city. It is believed that the city has over five lakhs IT employees with a total spending power of Rs. 12,000 crores. It is this spurt in purchasing power that is driving the high end retail trade. This has also triggered
Bangalore1
investments in real estate in the city. This huge spending power has made Bangalore a business hub that is highly conducive for trade and commerce. With so much happening and the A One City status being finally accorded to Bangalore, the question on everyone’s mind is – will there be an increase in funding? Bangalore is already being funded under the Mega City Project. The city is witnessing unprecedented growth and is currently the most sought after city, truly a city of future. And above all, it is going to be a place suitable for a few elite group of Industrialists and highly IT Professionals those who can only afford the offerings
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