Having office space in Bangalore is a dream of every entrepreneur. Popularly known as the IT hub, IT capital or Silicon Valley of India, this city has shown a tremendous growth because of its Startups in the city in different niches. Bangalore not only is heaven for the established companies but also for the budding entrepreneurs who are trying to build a company here and are expanding day by day. They are fast in the momentum of growth that they get to the company and this city has the space to offer them as they grow.
Bangalore 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. Starting from co-working spaces to a stand-alone establishment, this city has every possibilities to offer.
Does location really matter to the business?
Either 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 locations for office spaces in Bangalore?
Bangalore can be majorly divided into 5 regions. For you to decide to setup an office space:
- Bangalore North – Nagwara, Hennur, RT Nagar, Yelhanka, and Hebbal
- Bangalore South – Koramangala, JP Nagar, BTM Layout and Bannerghatta Road
- Bangalore East – Marthahalli, CV Raman Nagar, Indiranagar and Whitefield
- Bangalore West – Mysuru Road, BEML Layout, and Kengeri
- Bangalore Central – Domlur and MG Road
Best locations for office space in Bangalore
Your decision to get an office space in Bangalore should be decided on these basic factors:
Location that suits your business and your employees
Leasing or buying costs plays a very important role to decide the location.
Your budget for the office space.
Type of office space in Bangalore that you are looking for, like- Co-working, Build-to-suit, Plug and play office spaces.
Sometimes it’s really hard to decide on all these factors and find an space that really fits to your requirements. Precisely why we here at Fidelituscorp Property Solutions Pvt Ltd, with our experts support you to find your desired office type or space at a very competitive price. We offer one spot solution to all your real estate needs and with our huge database of spaces available in Bangalore, we will be able to attend to your needs for office spaces in Bangalore.
What are the Top 5 locations of Bangalore for renting or buying office spaces
This location in Bangalore is known as the startup capital of India. When you talk about the startups in Bangalore city, there are many who have their office spaces in Koramangala. This is great place to have your office space set-up if you are looking to start your business and operate from Bangalore. From Indian e-commerce giant Flipkart to food chain startup Swiggy, Koramangala has given lots of successful startups.
This area is divided into 8 blocks
All these blocks have both residential and commercial properties
Well connected to other parts of the city
Many supporting banks, ATM’s and different types of restaurants make Koramangala the most favourite place for the startups
Sale prize for the offices start from INR 7200 to INR 14000 with an average renting price of INR 60 per sqft
When it comes to east-central Bangalore , Indranagar is known as the commercial hub of Bangalore and has one of the best residential localities around it. This area is well connected by road and metro. Majorly the commercial establishment 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.
This is the eastern part of the city and known for its most sought out places for office spaces. This has a very good connectivity from other part pf the cities by bus. Metro connectivity will be soon established to this location that will connect places like Silk Board- K R Puram ORR, RV College- Bommasandra and Gottigere-Nagawara. This part of the city has 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.
This 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.
This 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 neighbouring 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.
These are just to list down a few places that are best for buying or renting an office space in Bangalore. There are many other locations to set your office space up, which has good connectivity and residential properties around it. Places like Bannerghatta Road, Outer Ring Road, Hebbal, Nagwara, JP Nagar and Jayanagar are also quite popular localities for business.
Reach out to Fidelituscorp property services pvt ltd for further details on prices and locations for your office space search.