Bengaluru is well-regarded for its advantages such as a skilled workforce, a high quality of living, and ample career opportunities; however, factors like real estate costs and convenient access to international destinations also hold significant weight in its attractiveness.
The city has seen a substantial impact from IT-enabled services (ITES), which encompass a range of activities including call centers, transcription, data processing, and online education. This sector has notably influenced the international workflow into India primarily due to low communication costs and the clear financial benefits associated with outsourcing non-core activities. A modern city undeniably reaps the rewards of having a robust presence in this industry, as it generates white-collar, high-profile job opportunities and markedly affects the real estate landscape.
Commercial developments across Bengaluru have been driven mainly by the private sector, alongside strategic efforts from the Bangalore Development Authority (BDA), which governs the city's growth trajectory.
The commercial market in Bengaluru can be conceptualized within three distinct spatial categories: the central business district (CBD), suburban regions, and peripheral areas. Notably, Bengaluru lacks a traditional CBD; this has led to business expansion stretching from MG Road into other significant avenues like Residency Road, Brigade Road, Richmond Road, Infantry Road, and Cunningham Road.
In off-CBD prime areas, some key streets include Commercial Street, Infantry Road, Cunningham Road, Richmond Road, Residency Road, Millers Road, St Mark’s Road, Vittal Mallya Road, and Lavelle Road. These locations offer advantages such as decreased congestion, ample space availability, and their close proximity to the City Centre.
Bengaluru's suburban regions are typically classified by their proximity to Airport Road, Koramangala, Indira Nagar, and Jaya Nagar, while peripheral zones comprise Bellary Road, Whitefield, and Bannerghatta Road.