1、Navigating Real Estate Excellence in the SouthCBRE RESEARCH|JULY 2024KARNATAKA HORIZONFuture CitiesFuture CitiesKarnataka Horizon:Navigating Real Estate Excellence in the SouthContentsKarnataka Horizon:Navigating Real Estate Excellence in the South2 CBRE RESEARCH2024 CBRE,INC.Karnataka:A Hub of Inno

2、vation Fueling Indias RiseBengaluru:The Epicentre of Karnatakas Real Estate ActivitySectoral market overviewWay forwardEmerging cities set to drive the states growth Annexure Karnataka at a Glance Key policy initiatives Bengaluru:A Snapshot Infrastructure Initiatives Reshaping the City Office Indust

3、rial&Logistics(I&L)Retail Residential A rundown on trends anticipated by 2030 in Bengaluru What is Next for Karnataka?Contents561234Future CitiesKarnataka Horizon:Navigating Real Estate Excellence in the SouthKarnataka Karnataka A HUB OF INNOVATION FUELING INDIAS RISE13 CBRE RESEARCH2024 CBRE,INC.Fu

4、ture CitiesKarnataka Horizon:Navigating Real Estate Excellence in the SouthKarnataka at a GlanceKarnataka,a thriving state at the forefront of Indias growth trajectory,plays a pivotal role in the nations economic and social development.It was the fourth-largest state in FY 2022-23,contributing 8.2%t

5、o the national GDP,which has increased to 8.4%in FY 24.Notably,Karnataka boasts the highest per capita GSDP,exceeding the national average1.Its vibrant landscape,with a 39%urban population,makes it the most sought-after state for companies looking to set up their global offices in India.Bengaluru,th

6、e state capital,contributes a staggering 40%to Indias information technology(IT)exports,valued at USD 155 billion as of 20222.This phenomenal achievement firmly establishes Karnataka as a powerhouse of innovation,propelling Indias growth trajectory.Note:*Renewable Energy;*LEADS is an indigenous data