What Makes the Growth of Residential Property in Electronic City?

Flats for Sale in Electronic City

Electronic City is the busiest locality which is placed in the southern most suburbs of Bangalore. Phase I places right next to the Hosur Road, squeeze in between Phase II on its eastern side and Phase III on its western side. Mostly it comprises of retail hubs of electric goods and services, through huge land parcels devoted to IT and SEZs. The expansion has been so wide-ranging that the IT sector and properties in Electronic City are entirely soaked. The establishments of Karnataka Industrial Area Development Board (KIADB) and Karnataka State Electronics Development Corporation Limited (KEONICS) were similarly involved in the natal and additional progress of this significant IT hub of the city.There are nearly 187 IT/ITEs concerns positioned here which in impacts the growth of residential property in Electronics City. 

Connectivity

The Hosur Road which is also known as NH-7, runs parallel to Electronic city to the north-east, and it is one among the leading access points in this locality. This road joins the region to all essential location Madiwala, Silk Board Junction and Brigade Road. Bus Depot in this area is the most important bus stand in the locality. Even though it falls under Phase II, it provides extensively to the requirements of all the other sub-areas in this location too. Hence, the inhabitants of flats for sale in Electronic City can easily travel to all major parts of the city. Furthermore, the nearest railway transport is the Heelalige that lies around 9 km from area. Bangalore Junction and Yeshwanthpur junction are also in the close distance. The airport road though is the gladness to commute on and offers for fast and easy travel for the NRI residents of apartments in Electronic City.

Residential Market

One who looking for residential market and it appears like the region has been technologically advanced over a long time. The market is led by apartment properties, which have looming in the current past, trailed by residential houses and plots and independent villas in Electronic City. But the real estate prices here are much lesser than somewhere else in the city, mainly owing to the relatively low demand and its position on the suburbs of Bangalore. Capital values of Electronic City apartments are ranging from Rs. 4652 per sq. ft.The commercial sector in this region is also booming nowadays.Office spaces and commercial properties for sale in Electronic City are quietly low. The price for commercial buildings ranges in the price band of Rs. 2000-2250 per sq. ft.

Features for Development in Upcoming

Investors are coming up with the forthcoming Namma Metro Phase II to brighten the investment potentials on this part of the city. Several metro stations will be looming in and around this suburb, particularly the Metro station. Through enhanced connectivity, Electronic City will overcome the only obstacle it has standing in its route at the moment – of placing in the suburbs of the city.By the establishment of Electronic City as a manufacturing township, there will be more attention on manufacturing and financial progress in this locality.Currently, more industries are showing importance in setting up their work places in this wonderful infrastructural testimony.

read more