HI-TECH GAINS: BANGALORE (is growing by 3.5% a year).

(From India Business Insight)

Bangalore has become the Silicon Valley of India. The city is growing at 3.5 percent per annum driven by the soaring information technology (IT) sector.

Bangalore houses the largest number of software companies and contributes to over 35 percent of the total software exports from India. The IT industry has boosted both commercial property and the housing sector in the city. In 2004, Bangalore registered a record transaction volume of over 6.3 million square feet of commercial real estate. In 2005, the city is likely to add 7 million …