Bangalore realty gets startup boost with smart city option

Bangalore, the startup capital of India, has now emerged as the No. 2 city globally where rent and capital value of property are likely to rise over the next 12 months, according to a recent report by global real estate body RICS.  It’s infrastructure, techies & cosmopolitan culture, more than 100 R&D centers and the largest number of VC's and mentors make Bangalore most favorable location for blooming Start-ups.

To cater to this vast number of emerging startups and their growing need for co-working and co-housing spaces, a unique and one of its kind, Smart city – Emprasa - is being planned to be built in Hoskote, Bangalore. Hoskote is a planned township near established manufacturing & auto hubs and has world class connectivity to International airport, metro station & major IT hubs in Whitefield and Electronics city. In the last few years, land prices in Hoskote have witnessed tremendous growth, of more than 40%.

Emprasa would be Bangalore’s 1^st smart city dedicated to the startups. It is a place where Innovation hub, startups, VCs, Incubators will get the startup ecosystem together. The total size of the project is 48 acres with 5,000 co-housing and 5,000 co-working spaces. World class amenities are being planned within the complex like a 5-star hotel, 3-star service apartments, multi-specialty hospital, convention & business center; training center, multiplexes and theaters, retail shops, food courts and restaurant, gym and Olympic size swimming pool and indoor and outdoor sports facilities, etc.

What makes this smart city very attractive for investors?