Property rates & trends in Electronic City, Bengaluru

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Electronic City is home to many IT majors such as Infosys, Wipro, Siemens, etc. and has evolved significantly during the past few years. Rapid infrastructural developments improved connectivity to the Electronic City and as a result, many residential developments came up in the past few years. There is a substantial residential housing demand from working professionals in the locality, with a good mix of end-users as well as investors. Considering that Electronic City has presence of large tracts of land and is being developed in phases, this location is likely to remain an active real estate hotspot for many more years.

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Summary

• IT hub of Bangalore
• Excellent connectivity to Koramangala, Whitefield and ITPL
• Connectivity to further improve after completion of Namma Metro Phase II

Key Growth Drivers

• Known as the IT hub of Bangalore, Electronic City has presence of global IT majors.
• Excellent connectivity to Koramangala (~ 20 min), Whitefield (~ 40 min), ITPL (~ 45 min).
• In addition to being an IT hub, Electronic City also has offices of manufacturing & biotech companies which makes it a commercial hub as well.
• Connectivity likely to improve further through Namma Metro’s Phase II (Line 3) running between RV Road and Bommasandra, which will have two stations in Electronic City.
• Possesses good social infrastructure with presence of:
  • Educational institutes such as International Institute of Information Technology, ISBR Business School, IFIM Business School and Sorsfort International School
  • Good star hotels such as Crowne Plaza, Lemon Tree Hotel, etc.
  • Shopping options such as Village Hypermarket, supermarkets, shopping centers, shopping complexes, and general stores.
  • Good hospitals such as Springleaf Healthcare, Blossom Hospitals, etc.

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Source: https://ecis2016.org
Category: Lifestyle