Have you ever wondered why Electronics City, majorly an IT hub, has such high demand for residential property?
Well, the answer is simple because it houses Bangalore’s main IT hub. However, there is much more that makes this area a potential future residential haven. In order to understand why, you need to know its history.
It will also help you make an informed choice if you are planning to buy flats for sale in Electronic City.
Development of Electronic City Over the Years
Electronic City was established by Keonics in 1978. It was initially built upon 332 acres of land in the Doddathogur and Agrahara village areas. After the Indian economy’s liberalisation in the 1990s, this area slowly started developing into an IT hub.
HP, Infosys, Wipro, Siemens, TCS and Intel are some of the companies which established themselves during that time. After this, Electronic City became a major IT hub for the software services and IT-BPM industry.
Cost-effective commercial real estate and top-notch social infrastructure were some of the driving factors behind this area’s massive growth. Now, this created a high demand for talented individuals who needed to migrate to Bangalore in order to work in these companies.
As a result, there was a huge demand for apartments in Bangalore, which led to the development of its residential real estate sector.
Why is Electronic City an Ideal Real Estate Investment Location?
Here are the reasons why flats for sale in Electronic City are in such high demand:
- Proximity to IT Hubs
Some of the top IT companies, like Wipro, HCL, Tata, Tech Mahindra, etc., are present in Electronic City. Thus, buying property here will effectively shorten your commute, freeing up some additional time to do more with your life.
- Excellent Connectivity
Electronic City is strategically located near NH4, which facilitates ease of travel between Bangalore and Chennai. It also has the Silk Board Junction, which connects this area to other important parts of the city. Furthermore, the city’s BMTC bus network, 6-lane roads and expressway make travelling to any part of Bangalore a breeze.
- Ample Social Amenities
This area also has ample social infrastructure like reputed schools, banks, hospitals, shopping malls, etc., that are within walking distance. Additionally, there are sports facilities, clubs, malls, cinema halls and everything else needed to lead to a comfortable life.
- Passive Income
Thanks to Bangalore’s booming IT sector, every year, an increasing number of people migrate to this city. Thus, there is always a high demand for rental property, with rental yield rates of around 4% to 5%. So, buying a 2 BHK in Electronic City can be a worthwhile investment which can provide you with lifelong passive income.
- High Returns
As per reports, property value in Bangalore is set to increase by 20% to 30% based on the area. Thus, buying flats in an in-demand area like Electronic City can facilitate high returns down the line.
Why Invest in Mahendra Aarya?
Mahendra Aarya is offering spacious 2 and 3 BHK flats for sale in Bangalore. Our residential complex is built on a 9.42-acre campus with 82% open space. We have 50+ amenities present on-premise that will cater to your every lifestyle need.
What’s more, our flats are Vastu compliant, having unique design features like bay windows, attached balconies and the option of having no common wall for additional privacy.
Mahendra Aarya is currently under construction, and its Tower C will be ready for moving in by December 2023.
To book our flats for sale in Electronic City, get in touch with us today!