Bangalore is known as the IT hub of India. People even don’t hesitate to call it Silicon Valley of India. This city is not only famous for its IT companies but for its startups in different niches. Bangalore is a heaven for entrepreneurs and has equal scope for both startups and established businesses looking for expansions.
rnBangalore is a truly cosmopolitan city and people here are filled with entrepreneurial spirit. Real Estate prices in Bangalore are more competitive than Mumbai and NCR. So Bangalore can be one of the most favorable cities in India to set up offices for your business.
Why location matters for a Business?rnEither you are looking for an office space for your startup or office relocation for your established business, the first question comes in your mind is Location.
Business location contributes to your organization's growth. Closeness with the potential client, proximity to the residence of employees, amenities nearby and transportation facilities of an area are few important factors for deciding a location for your business. It doesn't matter that you are buying or renting office space, what really matters is where you want to operate from.
What are the options Bangalore has?
Bangalore can be divided into 5 regions like most of the cities of the world. Here are the divisions with areas suitable for setting up the office space-
Bangalore East – Marthahalli, CV Raman Nagar, Indiranagar and Whitefield
Bangalore West – Mysuru Road, BEML Layout, and Kengeri
Bangalore North – Nagwara, Hennur, RT Nagar, Yelhanka, and Hebbal
Bangalore South – Koramangala, JP Nagar, BTM Layout and Bannerghatta Road
Bangalore Central – Domlur and MG Roadrn
So this is the topography of Bangalore. Now you can choose an area which best suits you, your employees and your business.
Best locations for office space in BangalorernYou should choose a location which best suits your business and your employees. Leasing or buying cost also plays an important role in deciding a location. You should analyze your requirement and come up with a location which suits your budget and all other factors. Sometimes it’s really hard to decide on a location.
So here we Top 5 locations of Bangalore for renting or buying office spaces–
1. Koramangala
It will not be an overstatement if I say that this locality in south Bangalore is the startup capital of India. Bangalore city is known for its startups but Koramangala is the area to choose if you are serious about starting your business. From Indian e-commerce giant Flipkart to food chain startup Swiggy, Koramangala has given lots of successful startups. Community-based housing search startup Grabhouse and Missed call startup ZipDial were also started in Koramangala.
Koramangala is divided into 8 blocks. All 8 blocks have residential as well as commercial buildings but 3rd and 7th blocks are serving as major commercial hubs. Koramangala is well connected with other parts of the city. The inner ring road is the major connecting road of the area along with Hosur road and Sarjapur road.
Koramangala has lots of banks, ATMs, and restaurants which makes it the most favorable place for startups. Generally, the sale price of offices ranging from INR 7100 to INR 12900 per sqft and average renting prices starts at INR 55 per sqft.
rn2. Indiranagar
Indiranagar is a commercial hub in east-central Bangalore. It’s one of the best residential localities in Bangalore. The region is well connected by road and metro.
The majority of commercial establishments are at 100 ft and 80 ft road. Old Airport also comes in the vicinity of Indiranagar. The locality is booming in commercial real estate and prices are slightly above the average. Some well-known companies in the area are Syntel, Spica Software, Adriotec and Visual Web Solutions.
3. Whitefield
Located in the eastern part of the city Whitefield is one of the most sought locations for office spaces. It has good connectivity from another part of the city and there are lots of malls and shopping complexes too.
Whitefield is well connected via rail too as it falls under Bangalore Chennai rail route. Whitefield has several IT parks including the famous ITPL. Bigger IT brands like TCS, Accenture, IBM, and Tesco are located in Whitefield.
Whitefield is not only known for its IT parks but there are other industries too like Hindustan Lever research center and Padmini Industries. There is a SEZ (Special Economic Zone) in the vicinity. Whitefield can be a great choice if you are looking for an office space for your business.
4. Marathahalli
Marathahalli is located in the south eastern part of Bangalore. It's very near to HAL airport which also known as Old Airport. Marathahalli is a residential as well as commercial locality. It’s very near to the major IT hubs of Bangalore.
There are few tech parks in the vicinity of Marathahalli like Embassy Tech Park. Commercial real estate costs in Marathahalli are more competitive than Whitefield. It’s well connected to the other major parts of the city. Outer Ring Road passes through Marathahalli which makes this location better for having office spaces. SION semiconductors, Amadeus Software labs, Home Shikari, TTK Services and Alphatech solutions are few names of companies located in Marathahalli.
5. Electronic City
Electronic City is in the southernmost part of Bangalore. NH7 divides this locality into two parts EC Phase 1 and EC Phase 2. Electronic City is one of the biggest IT hubs of Bangalore. It lies on Hosur road so connectivity is quite good from different parts of the cities as well as neighboring state Tamilnadu.
Commercial real estate rates are also on the lower side when compare to other locations. Selling price for commercial establishments are between INR 2000 – 2250 per sqft and rent is between INR 38-45 per sqft. Electronic City is the home of lots of companies like Infosys, Wipro, Genpact, HP, iGate, BHEL, and TCS.
Above 5 locations are best for buying or renting an office space in Bangalore. But it doesn't mean that these 5 are the only option, Bangalore has a plenty of locations to set up office space. Bannerghatta Road, Outer Ring Road, Hebbal, Nagwara, JP Nagar and Jayanagar are also quite popular localities for business.
http://www.commercialofficebangalore.com/