Bangalore real estate boom

When I was a kid, it was quite common to see "money plants" in many houses, so even we had one. We took good care of it because people told us amount of money we make ( or get) is related to the health of this plant and number of leaves in it. So more leaves, more money!! I wish money making was so simple!

Well, this came up as I reading about the latest real estate trends in Bangalore & Hyderabad. Yes, these days one need not to have a physical "money plant". Instead invest in an apartment or a lot(site) in Bangalore or Hyderabad. If the purchased property has all the paper work in place, approved by necessary authorities then you will laugh all the way to the bank. Add to that, if the property is in the "IT Belt", then you will most likely hit a jackpot within 2 years of buying!!. Now what is "IT Belt"? I don't know the standard definition, however here is my version;
a)Any locality which has at least one or more major IT companies OR if at least 20 - 30 % of its residents work in IT OR
b) if any major IT company's building is visible from this locality OR
c) if you have to pass through this place to get to any 2 major IT companies

Going by the above, 50-60% of Bangalore and Hyderabad belong to "IT Belt". This belt is very flexible and increases its size everyday. The earlier Bangalore "IT Belt" consisted the strip between whitefield, marathhalli, the outer ring road and HSR. But now the boundaries are far stretched to include Koramangala, Madivala, BTM Layout, Kanakapura Road, Bannerghatta Road, etc

Some times the real estate appreciation in the IT Belt is so high you really wonder when exactly the prices go up? During the day or the night time?All said and done, how far will the real estate boom continue? Pundits predict a downfall in near future based on so many factors like excess supply of apartments, increase in interest rates and dependency on IT market. At least for now, nobody is trusting these predictions because both the owners and prospective buyers of the properties want the prices to go up!!