Properties in Electronic City have long since been considered as viable options for investment due to the presence of several IT companies, excellent connectivity, and the constant development of infrastructure and a high rate of investment. The average rate per sq ft for a ready to move apartment in electronic city phase1 is 4400/sqft. The starting price of a 2BHK is 44 Lakhs while a 3BHK starts at 66 Lakhs. The average price of a ready to move flat in Electronic City, Phase-2 is Rs 4100/sqft. A 2BHK starts at 41 Lakhs while a 3BHK starts at Rs 61.50 Lakhs.
The rate in electronic city phase-1 for an under-construction project is Rs 4000/sqft while in Phase-2, it is Rs 3800 sqft. A 1BHK apartment in electronic city phase1 starts at 24 Lakhs and 22.80 Lakhs in Phase-2. A 2 BHK starts at 40 Lakhs in Phase-1 and 38 Lakhs if it is in Phase-2. For a 3BHK in Electronic City Phase 1, it is Rs 60 Lakhs and 57 Lakhs if it is in Phase-2. A 4 BHK is priced at approximately Rs 1.67 Crore.
The apartment prices have seen a good appreciation of about 13-14% over the years except in 2017 when the sector was hit by demonetization. Some of the best apartments in Electronic city have been constructed by Mahendra Homes who to their credit have projects like Mahendra Aarna, Elena and Elena-5 and are now even coming up with the first integrated mall of electronic city, the M5-ECITY. All their residential projects in electronic city are close to the IT companies yet due to the presence of abundant gardens inside the projects, you will not feel that you are in one of the busiest areas in the city. With more and more individuals wishing to live in spacious flats and limited wall sharing to safeguard one’s privacy, all of their projects have at least 77% open space and zero wall sharing.
They have more than 40 amenities to boot and include some unconventional ones like a pet park, senior people’s corner etc.Due to the arrival of the yellow line of the Namma Metro, the prices of the apartments in electronic city Bangalore are sure to shoot up further. So, it is best that you make a move when the prices are still affordable. The presence of the peripheral ring road, hospitals like Narayana Hrudyalaya and approval of the Hosur Airport are further going to help in the price appreciation.
To conclude, we understand that you can never be careful enough when it comes to investing in the right place but sometimes when you delay, you miss out on a good deal only to regret later. With the prices still within your reach, it would be a good opportunity to invest now. The number of builders who deliver the projects on time is almost negligible and Mahendra Homes don’t just deliver projects on time but deliver quality projects on time. So don’t wait, book a visit now!