Bangalore is a fast growing metropolis, the garden city of India is the capital of the southern Indian state of Karnataka. Bangalore is also known as IT capital of India as bangalore is famous for Major software companies .
Bangalore is Situated at about 1000 meters above sea level, it is known for its salubrious climate where temperatures remain moderate through out the year. The maximum temperature in July is around 320C and the minimum around 220C. It is connected by air, rail and road to all major cities of the country and has direct international connections to many cities worldwide.
The clean and spacious city of Bangalore has many imposing structures full of historic and modern architecture. The majestic Vidhana Soudha, a magnificent post-independence structure housing the State legislature and Secretariat, stands in the center of the city with its attractive dome and galleries. It is sheer delight to see the illuminated Soudha during nights on Sundays and Holidays.
The city has several institutions of Learning and Research. Many of them such as the Indian Institute of Science, Raman Research Institute, National Institute of Mental health and Neuro-Sciences, National Aerospace Laboratories, Bangalore University have worldwide acclaim. The high-tech industries such as Aerospace, Electronics, Computers and now fast spreading software have made Bangalore their home due to easy access to a vast pool of scientists and engineers in the city. In the area of art and culture too, the city boasts of a rich heritage and tradition and has several schools of classical music and dance.
The city abounds in picturesque parks and gardens and other scenic spots. The extensive stretch of green land of Cubbon Park and the enchanting botanical gardens with Glass-House of Lal-Bagh, both situated right in the middle of the metropolis, lend all the charming grandeur to the city. About 20 Km from the city is situated the Bannerghatta National Park. It is a dry decidious forest which has abundant variety of trees like Neem, Sandal,Tamarind,Jalari. This park is inhabited by the Asian Elephants, leopards,Sloth Bears,Chital, Sambar,Monitor Lizards,Pangolin,Vipers, Cobras,Macaques,Porcupines,Mongoose, etc and lot of bird species are also to be found in this park. Moreover the best time to visit the park is between September and October.
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The real estate is one sector that features as one of the most badly hit sectors following the global economic meltdown. Especially in developing countries like India, where real estate was going great guns, so to say, faced a steep downfall following the recession and inflation. Especially in the metros and the developing cities like Bangalore, real estate suffered dearly as the demand for the residential units, though increasing became a pent up demand. The badly hit economy particularly the IT sector that has a strong foothold in Bangalore, and the high rates of interest in home loans made the demand for residential units go down or at best become a pent up demand. It is believed that once the situation stabilizes the demands would start surfacing. Another very problematic issue that the real estate dealers are facing is that patrons of the currently booked flats are not willing to pay the original price that they had agreed on but the current price that is less than the original amount owing to the current economic condition. Not only the residential units but the commercial properties like the hotels in Bangalore have also naturally seen a drop in their occupancy. The ITC hotels in Bangalore that registered the highest occupancy, as high as 83%, have been forced to cut down on their tariffs by almost 20% as the occupancy has also gone down by 20%. On the contrary, the business hotels in Bangalore are surviving the tough times as the number of business travelers has not been affected as hard as the umber of leisure hotels. The budget hotels in Bangalore have seen a hike owing to the obvious reasons.
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