The liberalization of hardware and software imports and exports in India began a new chapter in the story of Bangalore. For the longest time, the city had the tag of retirement city affixed to it and was a laidback place. IT giants like Infosys and Wipro setting up their bases here soon led to other corporates following suit.
This project led to real estate in Bangalore experiencing phenomenal growth and the city being named the Silicon Valley of India. The town enjoys robust physical and social infrastructure and has made its name worldwide. Bangalore's peaceful and easy-going nature has been a significant draw for new residents to set up homes.