Internet retailing has a dramatic impact on retail properties in Bangalore by reinforcing the trend towards entertainment and convenience oriented tenants, to help retailers expand into multichannel distribution systems, with Internet sites and "rural" business has .
The technology is so pervasive in our society that it is difficult to isolate and evaluate their impact on real estate demand. Technology influence on demand is generally positive view of theessential for economic growth.
"Fortunately, through continued innovations to adapt the tenant mixes, and investments, retail owners, many potential moderate decline in retail demand from consumers. In the long run can do is the rent pressure as expected and if the communication channel is growing," says Zaffar Sait, DGM Business Development, Prestige Group, Bangalore.
However, the technology will significantly reduce demand in some areas anddemand in others, making winners and losers of certain characteristics or geography. Investors and other real estate professionals who will maintain vigilance over technological change outperform their competitors.
Impact on commercial real estate
The technology is generating a positive net effect on the office employment growth, in turn creating a huge demand for real estate in Bangalore. The demand for "intelligent" building technologies by office tenants is not inits infancy. Regardless of the type or size of the tenant, the central issues driving the tenant office leasing decisions are cost, proximity to the residence of the head, access to current and prospective employees, proximity to customers or clients, and proximity to restaurants and Recreation.
Few industrial property are interested in the "intelligent building technology. The owners are to be placed on providing the backbone infrastructure to enable the widest range of tenants, concentrated in itsProperties.
The technology has an important engine of economic Bangalore always been, and will do so in the future. Accordingly, while many new technologies appear, in isolation, reduce real estate demand, the net effect of technology on economic growth and the real estate demand fairly positive.
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