As an investor, you must be seeing various ads everyday loudly proclaiming, Project in South Bangalore etc. And must be wondering what all the hullabaloo is about. The confusion is understandable and there are several factors to consider before you make a decision. Presently, there are a lot of residential projects in Electronic City which is currently being considered as a hotbed for real estate investment due to it being the IT hub of the city, its connectivity and several other facets. The area though developing by leaps and bounds still retains the charm of classic Bengaluru which is what makes it a dream for many residents and investors. Let’s look at a few pointers to come to a suitable conclusion. Mahendra homes are one of the best properties in electronic city phase2.
- Real Estate
South Bangalore has been a favorite for real estate investment from several years, especially for the middle- income sector. Electronic City is split into 4 phases and houses thousands of organizations leading to a stable demand in rental as well as residential projects in Electronic City. There has been a significant appreciation of the price ranging from 30 to 60% in the past 3 years. The micro-markets which are situated near the NICE road are now gaining a lot of momentum due to the comparatively cheaper land price and increasing demand due to the IT hubs and industrial belt at Jigani.
Several developmental projects have been undertaken to increase the connectivity along with the Namma Metro line. The upcoming Hosur Airport is just 27km away from Electronic City via NH-48 and it would be wise to invest in the properties in Electronic City, Phase-2 as this facet is definitely going to increase the value of the property in the future. Coupled with this, the area is well-connected to regions like Bannerghatta Road, Tumkur Road, Mysore Road and Kanakapura Road via the Nice Ring Road. The opening of the elevated highway to the Silk Board has made traveling to East Bangalore all the more easier.
It is a known fact that South Bangalore has an extremely well- developed infrastructure with several educational institutions like IIM and PESIT in the vicinity along with several MNC’s, shopping malls and hospitals. The proposed smart city project in Electronic City is one more reason for you to invest in residential projects in Electronic City. Additionally, apartment prices are considerably lesser in South Bangalore thus giving you one more reason to invest in any of the residential projects in Electronic City. They have equipped their properties with world-class amenities and are RERA approved.
This basic need just cannot be ignored and South Bangalore definitely doesn’t have much of an issue with water compared to the rest of Bangalore.
To conclude, South Bangalore is an excellent choice for real-estate investment owing to the IT hub in Electronic City, connectivity and greenery. Mahendra Homes is currently the best choice in South Bangalore having several residential projects in Electronic City itself. Don’t wait till the home of your dreams belongs to someone else. Book a visit today!