Siliconindia Magazine

Allegro Mahabaleshwara Ventures: Revitalizing Bangalore's Luxury Real Estate by Setting Benchmarks in Modern Living

Over the past decade, the luxury real estate market in India, particularly in Bangalore, has seen significant fluctuations. However, the luxury market is now experiencing a resurgence. The primary drivers of this revival are the revitalization of the Indian retail sector and the MSME (Micro, Small, and Medium Enterprises) sector. From 2000 to around 2012, the influx of Chinese goods severely impacted both these segments, causing considerable setbacks for the business class, who are major consumers of luxury real estate. The retail and MSME sectors, encompassing individuals who run large showrooms and factories, are pivotal to the luxury market.