Electronic City, our very own I.T capital has been a residential investment hotspot for many years now and has witnessed the launch of several 2BHK, 3BHK and ready to buy flats in electronic city. What was initially started as a manufacturing hub has now been converted into an I.T hub housing several multi-national companies like Infosys, Wipro, etc along with several educational institutions, hospitals and shopping malls. All this and several other factors have resulted in a huge demand for residential investment in the area thus leading to a surge in the development of several projects in Electronic City, phase-2. To know more, read on!
Electronic City is extremely well connected and the connectivity is constantly upgraded thus making it ideal to invest in projects in electronic city, Phase-2. The area is located on NH-4 connecting Chennai and Bangalore and has an expressway and 6 lane roads as well to increase its accessibility. The upcoming Silk Board Flyover would reduce the traffic jams in the area and make the commute a lot easier to the residents. This, along with the development of Namma Metro Line 3 will improve connectivity to a huge extent. Additionally, the upcoming Hosur Airport is just 27km away and the opening of the elevated highway to Silk board has made travelling all the more easier.
- High Rate of Return
When, it comes to home buying, Electronic City has the highest demand in the corridor and investors can expect rental returns of 4-5%. Electronic City has the highest demand not just for home buying but for rental as well with a demand of about 46% owing to its proximity to work locations such as Electronic City Phase-1, Infosys and Wipro Campus. 2 BHK apartments are the most preferred for home buying as well as rental followed by 3BHK. Hence it would be wise to invest in a 2BHK or 3BHK flat in electronic City. The area is also one of the few areas to have witnessed a rise in price over the past year.
It is a known fact that Electronic City is an I.T hub comprising of several multi -national companies. Some of them include Hewlett Packard, Siemens, Infosys, and Wipro, etc thus offering various career growth opportunities for working professionals. This is a major reason behind the demand in the projects in electronic city, phase-2.
The area is ideal for people of all age groups as it is not just near to the I.T companies but also to educational institutions, hospitals and shopping malls thus leading to an exponential growth in demand for the projects in electronic city be it a 2BHK or a 3BHK flat in electronic city.
To conclude, Electronic City has been a haven for residential investment and continues to see an increase in demand due to its ever increasing connectivity, it being an I.T hub and various other factors discussed above. The apartment prices are also comparatively lower and reports show that it is the only corridor that has seen a growth in returns. If you are planning to invest in a project in Electronic City, book a visit to Mahendra Aarna which is definitely one of it’s kind. Call +917676764466.