Real estate investment in Electronic City sees blue skies
When R K Baliga, the first Chairman and MD of Keonics (Karnataka Electronics), started the 322 acre - Electronics City in the 1970s to emulate Silicon Valley, little did he know that it would turn into one of Bengaluru’s coveted real estate hotspots. Today, this outsourcing capital of India is a hub for large, medium, and small businesses that offer IT/ITES products and services.
Some of the world’s leading IT companies, such as Siemens, Hewlett-Packard, General Electric, Intel, HCL Technologies, Wipro, CGI and Infosys, have set up shop in Electronic City. Buying an investment property is brilliant, especially with the rise in residential developments sprouting in this area and the laudable social infrastructure boost. Properties like Brigade Valencia let you have the best of both worlds – a luxurious lifestyle and a peaceful stay with all the necessary amenities for a family to reside.
As one of the four major metropolitan cities of the country offering a reasonably high standard of living, Bengaluru is undoubtedly the best city to invest in real estate. Great educational institutions, commercial complexes and excellent connectivity is encouraging the working population and new home buyers to gravitate toward investing in real estate in Electronic City.
Here are a few reasons why Electronic City is gaining traction:
Growing IT & Business Hub
Buying an investment property in Electronic City means the top IT companies will surround you. Easier commutes and less time in traffic are the added benefits of living close to your workplaces. Apart from being an important business hub, the area offers a fertile ground for small ventures and a start-up culture. Hordes of freshers are heading to Electronic City for job prospects. It has resulted in a demand for commercial zones and 1 & 2-BHK apartments. Many tech giants have also set up their training centres in Electronic City.
Exceptional Social Infrastructure
The well-developed social infrastructure of Electronic City is one of the top reasons for it being a real estate hotspot. The area has prominent educational institutions, banks, shopping destinations, restaurants, fast food joints, department stores and hospitals. Electronic City is a thriving location for working professionals, with everything to meet the lifestyle needs of urban families.
Promising Residential Hub
The booming corporate sector and the expanding real estate market in Electronic City are soon making way for an unparalleled standard of living. Electronic City has Phases I, II and III. The entire area is quite an idyllic spot for upcoming residential developments by many top builders. You can choose from varied options that strike the right balance between luxury, comfort, convenience and affordability. Close to the employment hub in Electronic City is Brigade Valencia, which offers unique Spanish-styled homes with 85% open space and is just 2 minutes from the upcoming Bommasandra Metro Station.
Superior Transportation & Connectivity
Electronic City enjoys exceptional connectivity to all parts of the city through Hosur Road. Top-class highways, elevated expressways, the BMTC bus network, 6-lane roads and the upcoming Metro Line 3 all play a part in boosting the area’s accessibility. The major wide roadways here are Bannerghatta Road and NICE Road. You can also enjoy easy access to the Kempegowda International Airport through India’s first-ever HeliTaxi services available here. The upcoming domestic airport in Hosur, less than 40 km from Bengaluru, will also be a boon for those living in Electronic City and Sarjapur. Be assured of hassle-free commutes if you are buying an investment property here.
Guaranteed Return on Investment
There are plenty of real estate investment opportunities in Bangalore. However, in terms of faster returns or higher rental yields, Electronic City proves to be a better option. An IT hub with excellent social and commercial infrastructure and an upcoming metro line accelerates the overall capital value of the region. The 13-14% increase in the real estate market and the high rental demand with a 4-5% yield are encouraging if you want to invest in real estate in Electronic City. Electronic City has all the potential to turn into a sought-after real estate investment epicentre. The growing number of multinational companies, top schools, housing options in varied segments and exciting entertainment and recreational facilities work towards making Electronic City an excellent place for you to live and invest. Brigade Valencia, located in Electronic City, is a brand-new massive Spanish-style apartment project that you should check out. The residential enclave Cielo is the first luxurious offering of the Valencia township by Brigade featuring spacious 2 and 3 BHK apartments.