BENGALURU: The next phase of real estate growth in Bengaluru will be fueled by infrastructure advancements, population increases, and its status as a significant employment hub, according to Murali Malayappan, chairman and managing director of Shriram Properties.
Speaking at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, Malayappan noted that the city continues to draw migration and demand for housing driven by employment.
“Bengaluru is poised for substantial growth. I don’t perceive any threats from employment issues or major challenges for the real estate sector,” he stated.
He pointed out that Bengaluru has experienced one of the swiftest urban growth rates in India over the last twenty years, largely due to technology-driven employment and migration from various parts of the country. “Over 60% of the population consists of outsiders,” Malayappan added, highlighting Bengaluru’s reputation as one of India’s most diverse urban centers.
He emphasized that the city remains a leader in office demand, especially from global capability centers and knowledge-driven industries.
“Bengaluru is not just the fastest-growing city; it also serves as the largest provider of white-collar jobs in India,” he elaborated.
According to Malayappan, the next decade’s real estate growth will hinge on major infrastructure initiatives rather than individual micro-markets. He mentioned metro expansions, suburban rail systems, and the Bengaluru Business Corridor as pivotal drivers for future development.
“Future demands will stem from infrastructure,” he said, noting that enhanced connectivity could unveil new development corridors and alleviate land availability issues.
Malayappan expressed that Bengaluru has a unique advantage over other metropolitan cities due to its potential for expansion in various directions. However, he indicated that effective regional planning, satellite centers, and stronger local governance are essential to manage urbanization.
He also stated that the long-term competitiveness of Bengaluru will rely on balancing its talent pool with investments in physical infrastructure.
“As long as we possess this talent, growth is achievable. However, talent alone cannot suffice. We must prioritize infrastructure development throughout the city,” he remarked.
Malayappan affirmed that Bengaluru continues to be a crucial market for real estate in the country, bolstered by job creation, talent availability, migration, and ongoing infrastructure investments.
