The realty sector in Bangalore is currently witnessing a major turnover thanks to the ฝากขายที่ดิน migrants settling down due to its vast employment opportunities. And with the population of the city growing in heaps and bounds, the city is pushing its limits and is moving towards its peripherals. And one such suburban locality that is bustling with constant housing demand is Electronic City. Spread over 332 acres of land, E-City is one of the country's largest industrial park and houses a number of MNCs (Multi National Companies) like Wipro, Infosys and Siemens. The presence of many state of the art office spaces are engaging many home buyers to invest here. The rapidly developing infrastructure is another element that is luring many property seekers to invest in properties in Electronic City.
Offering the perfect blend of residential and commercial properties, the vicinity is promptly flourishing into becoming a realty hotspot. With the demand for housing growing day by day, both local and national real estate developers are taking the plunge and are purchasing properties in Electronic City in large parcels to build extraordinary residential projects. Builders are now offering a luxurious lifestyle to its home buyers by building an array of homes ranging from affordable to mid-segment to even ultra luxurious. According to a recent report, there are over 158 new residential projects coming up in the neighbourhood.
Apart from the employment opportunities, connectivity is another factor that is appealing the urban crowd to invest in the south of Bangalore. Despite being a peripheral, the area is well connected to the city via road and rail. Its proximity to important stations like Heelalige and Carmelaram railway station has helped ease network to Majestic. Major transit points like Silk Board Junction, Bannerghatta Road and NICE Road help improve access to other parts of the city. However, what has pushed the realty demand further is the proposed Namma Metro connectivity. The line 3 linking Bommasandra to RV Road will have a stop in Electronic City, and capital values of properties are all set to soar. Apartments in Electronic City especially close to the metro station are witnessing a major demand and capital values of homes near metro stations have already started to appreciated.
Targeting the MIGs (Middle Income Group), builders are offering homes at nominal prices. According to current data, Apartments in Electronic City City that spread between 1,000 to 2,000 square feet are estimated to cost an average of Rs 2,000 to Rs 3,000 per square feet depending on the amenities and facilities provided by the developer. For all the HNIs (High Net-worth Individuals), many reputed builders are offering opulent villas and independent homes that are estimated to cost anywhere between Rs 4,000 and Rs 7,000 per square feet.
Apart from attracting white collared professionals, the vicinity is a hit amongst families and retired personnel thanks to its developed commercial belt. The presence of many educational institutions, healthcare facilities, modern eatery joints and shopping malls make Electronic City a haven for the urban crowd. So if you are keen on investing in a property that is light on your pocket then investing in apartments in Electronic City is a safe bet.
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