Namma Bengalooru-Editorial

Add as a preferred source on Google

Shilpa Menon (name changed) a software engineer walked into Bangalore to make a space for her teenage dreams. After a year when she is on the hype of achieving all that she dreamt, she is planning to leave the city back to her parents at Pune. When asked the reason, she promptly says, "I may not be able to earn more but certainly I will be able to save more. The cost of living is three times more in this city than at Pune."

Jacob, working in a BPO, earns nearly 15,000 per month, but within a week after he pays all his bills, he is left with 2 to 3 thousand rupees to survive for the whole month. However, if he moves to his hometown in Hubli, he will be able to take home around Rs 10,000.

Bangalore is a place for everybody. Come June, you will see many youngsters on the railway station who are either here for further education growth or in search of their dream job. The cool climate, trendy clothes, latest movies, late night pubs, fast growing industries.....etc name it and its here. The city acts like a magnet to attract different people from different walks of life. However, the power of attraction seems to be deteriorating these days. Here are the list of reasons, some may not agree, but it's true,

;
• A P.G (Paying Guest ) or a room in center of a city will cost you more than Rs. 3000. However a person who stays in the outskirts may be able to hire a room in cheaper rates but has to spend at least 2 - 4 hours at the traffic signals.
;
• Rising Industries = Growing population = Growing traffic signal wait = skip one or two meal = Growing hospital bills.
;
• The price for any product from a small hair clip, bags to any trendy or normal clothes is very high. However you may even get all the above things in cheapest rate ever, in Shivajinagar, Majestic, Jayanagar...., but they wont last even for a week. So, it means the quality stuffs are for higher rates
;
• The restaurant bill for four in a well furnished hotel will not cost you less than Rs.500.
;
• The BMTC (Bus service) service is good if not excellent. One can have a fine nap for an hour or two for a 30 minute route in the peaks hours like 8:30 a.m to 10:00 a.m and 6:00 p.m to 7:30 p.m
;
• Another major reason for the shift of interest with the youngsters is, far away from the hustle and bustle Bangalore, small towns are witnessing a quiet revolution in IT. For instance, Infosys has announced Rs 306-crore investment to set up its own campus in Thiruvananthapuram with a capacity to employ 8,000 people. Jindal Group's BPO firm Jsoft Solutions that basically caters to MNCs on the other hand will begin operations in two centers of Karnataka , Bellary and Hubli next month with each centre initially employing 1,500 local people.

  What is prompting these big, medium and small companies in moving towards these tier-III cities is the availability of talent pool coupled with low levels of attrition and presence of good educational institutes and a standard of living that is almost at par with the metros.
;

Some interesting facts of Bangalore

;
• With a decade of growth rate of 38%, Bangalore was the fastest-growing Indian metropolis after New Delhi for the decade 1991-2001.
;
• Bangalore is home to over 10,000 individual dollar millionaires and around 60,000 super-rich people who have an investable surplus of Rs 4.5 crore and Rs 50 lakh respectively.
;
• As of 2005 Bangalore had a population of over six million, making it the third most populous city in India and the 27th largest city in the world by population
;
• Bangalore's share in the mutual fund market is an index of its wealth. In March 2006, the city has seen mutual fund investments worth Rs 22,000 crore against Rs 8,000 crore in June 2004.
;