The electronic city of Bangalore is Silicon Valley of India. 322 acres of land are home to some of the world’s leading IT companies such as Siemens, Hewlett-Packard, General Electric, Intel, HCL Technologies, Wipro, CGI, and Infosys, making it one of Bangalore’s most popular locations. When these multinationals lived there and built a workforce, the area was a village on the city’s outskirts.
Today, the region fascinates a large labor force, is one of the largest IT parks, and employs many professionals with very high purchasing power. It has led to the development of many residential basins near the park and an increase in social infrastructures such as hospitals, shopping malls, hotels, universities, schools, and vocational institutions.
Investing in Bangalore real estate can be a bit interesting and confusing, leaving you in the dilemma of where to invest, which leads to price increases. But investors in Electronic City have little hesitation about the potential price hike.
Let’s try to understand why it is the right decision to invest in E-City properties
Connectivity to key parts of the city
Living in Electronic City has a myriad of unique benefits, as you can reach other parts of the city. The local Silk Board Junction connects Madiwala, Koramangala, and other important areas, making transportation a smooth and relaxing experience.
The local Bannerghatta Road and NICE Road are also important roads for commuting. If you use public transport frequently, you can take the BMTC bus to any destination in Bangalore.
Excellent residential properties
If you want to invest in real estate, Electronic City will amaze you. Here you can find some of the best residential apartments and villas with first-class urban services. With Electronic City’s exponential growth potential, several luxury real estate developers have initiated plans here. One such project is Sobha Developers Manhattan Town Park. With a balance of luxury and comfort, these homes are sure to make you feel energized.
High return on investment
When buying real estate, ensuring that your investment returns high returns should be an important factor. Previously, the electronic city housing market had grown by nearly 13-14%. Property prices are supposed to rise in the future, but you can ensure a stable return on your investment by investing in properties in an electronic city.
Also, there are many multinationals nearby, so you do not have to look for a tenant here. It will allow you to earn a stable income through your rent. This popular IT centre stands out for its high rental demand, with a 4-5% rental yield. Finally, you can invest your hard-earned money in properties in the Electronic City to get a secured return.
Proximity to IT parks
If living near your office seems like an impossible dream, you can achieve it by investing in Electronic City. The best tech companies situated here include TCS, HCL Technologies, Intel, and Siemens.
In addition, this place is a booming community for small businesses who want to open an office. Living here gives you access to some of the career development opportunities that Bangalore offers.
Top education institutions
Electronic City is also a great place for wealthy professionals looking to promote career development and an outstanding option for families. Here you can find some well-known institutions to make sure that your children get a comprehensive education. The best schools include Treamis World School, VIBGYOR High School, Candour International School and Ebenezer International School.
The electronic city is also well-known by higher education institutions (XIME), Xavier’s Institute of Management and Entrepreneurship, and Aziz Premji University. Wherever your child’s interests are, Electronic City can offer all kinds of education to ensure the child’s overall growth and development.
Ultimately, the Electronic City and its surroundings are gold mines for investors and gold mines for first-time home buyers. The reason is that the number of employees in the electronic city will undoubtedly increase in the future, and the increase in the construction of infrastructure and residential watersheds in this area will certainly increase the value of real estate more than any other area of Bangalore.
Hope this gives you a clarity about the most sought after locality in Bangalore.
Confused about which type of property to buy- 2 BHK or 3 BHK, check it out here.