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    covery in 1999-2000 periods, riding on the dotcom boom. The year 2002 saw the first signs of recovery in real estate prices, both residential
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    With liberalization, Bangalore once a sleepy city is now seeing a vibrant industrial growth with it, the real estate prices and rents started booming driven by increased investments by the IT industry and high salaries drawn by its employees. Between 1991-94 Bangalore saw one of the major property price hikes even up to 200 per cent in some areas. Investments by NRIs also added to the boom. Between 1995 and 2000, the property bubble built on speculations burst and prices declined by almost 30–40 per cent all across India, including Bangalore. There was a slight recovery in 1999-2000 periods, riding on the dotcom boom. The year 2002 saw the first signs of recovery in real estate prices, both residential a
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    booming driven by increased investments by the IT industry and high salaries drawn by its employees. Between 1991-94 Bangalore saw one of the major property price hikes even up to 200 per cent in some areas. Investments by NRIs also added to the boom. Between 1995 and 2000, the property bubble built on speculations burst and prices declined by almost 30–40 per cent all across India, including Bangalore. There was a slight recovery in 1999-2000 periods, riding on the dotcom boom. The year 2002 saw the first signs of recovery in real estate prices, both residential
    An Internet Business Is the Business of The Free
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    ajor property price hikes even up to 200 per cent in some areas. Investments by NRIs also added to the boom. Between 1995 and 2000, the property bubble built on speculations burst and prices declined by almost 30–40 per cent all across India, including Bangalore. There was a slight recovery in 1999-2000 periods, riding on the dotcom boom. The year 2002 saw the first signs of recovery in real estate prices, both residential
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    ty bubble built on speculations burst and prices declined by almost 30–40 per cent all across India, including Bangalore. There was a slight recovery in 1999-2000 periods, riding on the dotcom boom. The year 2002 saw the first signs of recovery in real estate prices, both residential
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    covery in 1999-2000 periods, riding on the dotcom boom. The year 2002 saw the first signs of recovery in real estate prices, both residential and commercial and there has been no looking back after that. IT sector started flourishing taking investing in huge office spaces. Also started the influx of people from all across India and even from outside to one IT destination – Bangalore. IT services sector grew leaps and bound and created many millionaires out of the burgeoning middleclass in the city. The IT sector with hundreds of thousands of companies acquired large chunks of the prime property within the city and moved on to the outskirts and beyond. Another real estate boom started.

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