Bangalore, the IT hub is a hot property location for real estate investors in India. Electronic City, an industrial area located on the outskirts of southern part of Bangalore is one of the most preferred locations in Bangalore for commercial as well as residential property. Read more to know about real estate scenario, realty developers and new residential projects in the city.
Real Estate in Electronic City, Bangalore
Electronic City is an urban district in Bangalore. Divided into 3 phases, it has state-of-the art infrastructure that houses a plethora of reputed IT and ITES companies like Hewlett Packard, Wipro, Bosch, Siemens, iGATE Global, Biocon, Intel, HCL Technologies and Genpact. Electronic City includes more than 187 IT & ITES companies. The presence of multinational companies, residential, commercial projects, and educational institutions like Xavier Institute of Management and Entreneurshiphas increased the demand for real estate in Electronic City.
The boom in real estate sector in Bangalore is mainly due to the quality, style and luxury offered by real estate developers in residential as well as commercial projects. Some of the key players in Bangalore real estate include JR Housing, Neo Homes, DLF, AVM Builder & Developers, Prakruthi Homes, Splendid Group, Prasiddhi Group, Ajmera Group, Mayur Group, Unitech, Concorde Group, Purvi Group. Real estate in Electronic City is booing as more people are readily investing in new property projects that offer lucrative returns in future. Another advantage of investing in the location is great connectivity to nearby areas. The recent construction of Elevated Expressway has reduced traffic congestion, making it even more convenient and accessible location for property investors.
Real Estate Projects and Property Price in Electronic City, Bangalore
Real estate developers offer luxury 1 BHK and 3BHK flats in Electronic City, Bangalore. The price of apartments in Electronic city depends upon the size and facilities included in the residential project. For instance, Fiesta Homes offer 1 BHK flat in Electronic City at a price range of INR 25.5 lac- INR 32.16 for an area of 738 sq. ft. to 946 sq. ft. The Commune, another residential complex offers 1BHK apartments at INR 17.6 lac, including an area of 765 sq. ft.
With a rising demand for 2 and 3 BHK apartments, real estate developers in Bangalore offer 2/3 BHK flats in all new residential complexes. Some of the notable real estate projects in Electronic City include:
• GK Meadows
• Foyer City
• Fiesta Homes
• Passion Elite
• Ganga Vertica
• Richmond Pride Phase II
• Aratt Requizza
• Godrej E-City
• Crystal Cove
• Royal Park Avenues
• 27 Park Avenue
These projects offer affordable and luxury homes with world-class amenities. Some of these top-class facilities and amenities include reserved car parking area, swimming pool, schools, hospitals, shopping centers, jogging track, gymnasium, sports facility, 24X7 power backup, and CCTV surveillance.
No doubt, Electronic City, Bangalore is a perfect destination for those looking for residential, office spaces, retail, and commercial property. In India, several online portals are there that assist in searching an ideal property for sale, purchase or rent as per your budget and preferred location.
Author Bio : – Swati Srivastava writes for 99acres.com, a popular and reliable real estate portal in India. The website offers complete real estate solutions to property seekers. Log on to 99acres.com to find 3 BHK and 1 BHK flats in Electronic City, Bangalore.