The Bangalore city is well acclaimed as Silicon Valley of India and now gets one more feather of achievement by topped the list of best business destination in India. The city has been ranked as hottest business destination in the country leaving behind famed destinations like Delhi, Mumbai and Chennai. The study conducted by GIREM (Global Initiative for Restructuring Environment and Management) and DTZ concluded that qualities such as good talent pool, good education system and office space availability makes the city winner. The tech city offers best location for businesses to invest capital in the city.
Formerly known as green city, the Bangalore city has highest footfall of business travelers in the country. The city has emerged as flourished destination for IT, BPO, KPO and automobile Industries. The city has assumed apex position amongst top 21 business destinations in the country on basis of infrastructure, human capital city culture and basic quality of living. Both the type of research methodologies were used in conducting the study and figures were collected by both primary and secondary means.
The parameters include human capital, energy, transport, water, environment, health and safety, housing, healthcare, office spaces, climate, malls and multiplexes, infrastructure and many others. The city left behind many renowned cities to win the title. The study said that it has ability to attract talent and gives 129.56 out of 160 to the city. The city also has most resilient real estate market in comparison of Delhi and Mumbai that is attracting large realty players to the city. The Bangalore city proves itself as most competitive and compatible contender for business investments. The upcoming projects like Express Rail Link, Namma Metro Project and Biotechnology Park makes the city best investment horizon for prospective investors.