The real estate market in Bangalore can be summed up in one word—evergreen.
The upcoming new infrastructure projects, which are in various stages of completion, will provide further fillip to the overall holistic development.
The rise in information technology (IT) and IT-enabled services (ITES) have had a significant influence on putting the city on a growth trajectory.
There remains a consistent demand for apartments in Bangalore. In recent times, nearly 16% of home purchases were by individuals focused on long-term investment, as per the report of an independent property consultant.
With several ready-to-move-in apartments for sale in Bangalore, the residential market growth would, without a doubt, continue to deliver a stellar show.
Apart from various areas, Electronic City, which is divided into three zones that are referred to as phases, is one such destination that is charting its own growth story.
At the moment, some of the top-notch software companies are located in proximity to Electronic City,which is sprawled over 332 acres in the areas of Konappana Agrahara and Doddathogur.
This makes the area a sought-after destination in terms of both residential and commercial properties. There are several flats for sale in Electronic City with the best-in-class amenities.
A few more reasons that make the place a preferred residential area, include:
Advantage Connectivity: Electronic City extends an easy transition to any part of the city, making daily commute seem like a breeze.
The completion of the elevated highway has changed the overview of Electronic City, extending better access to the rest of Bangalore. Some of the places that extend great connectivity to the area include Hosur Road, Electronic City Flyover, NICE Ring Road, and Heelalige (HLE) Railway Station, just to list a few.
Going a step further, plans are afoot to develop a 5-km-long Metro Neo system, which will connect Infosys Foundation to Electronic City Metro station with 10 stations.
Multiple Choice in Properties: Electronic City offers a plethora of choices in terms of ready-to-move-in apartments and flats (90%) as well as under-construction projects with some properties offering the best-in-class facilities and amenities.
Several reputed developers have their premium residential projects in Electronic City. It is home to some of the premium addresses in the city.
A home buyer has a choice to look at various apartments for sale in Electronic City.
Good Returns on Investment (ROI): The realty market in Electronic City has seen a consistent rise in the past few years. The upward growth trend remains unhindered and is likely to continue in the future as well.
The presence of various multinational companies in the area ensures a steady rental income. The steady demand for a residential property ensures high rental value in Electronic City.
Electronic City has a thriving social infrastructure with proximity to premier educational institutions, multispecialty medical care facilities, retail stores, restaurants, banks, and financial institutions.
The easy availability of various flats for sale in Electronic City is poised for writing the next level of the growth story. The price factor remains equally competitive while offering true value for money.
Tech Parks Fuel Growth Story: Electronic City is home to some of the renowned IT parks of various blue-chip companies such as Infosys Campus, TCS Think Campus, Wipro Technologies Campus, HCL Technologies, Tech Mahindra SEZ Park, Salarpuria Infozone, Siemens, and Intel, among others.
Electronic City is also a popular hub for various start-up companies, which are thriving in its vicinity. Considering the availability of several apartments for sale in Electronic City makes things much easier.
Conclusion
Taking all these factors into consideration, it can be concluded that Electronic City will continue to showcase the highest demand in terms of the sale of residential properties. The vibrant self-sufficient city that’s brimming with premium residential projects and commercial developments that are being developed and promoted by prominent developers will continue to be on the top of the charts. The fact that a homebuyer has plenty of choices when it comes to apartments for sale in Electronic City remains a high point of the overall growth story.
