Bangalore’s real estate market has been exploding in recent years due to several factors including improved infrastructure and connectivity. However, the biggest reason behind the city’s emergence as a real estate hotspot has been the software boom that has transformed the city into the IT hub of India. Most of these MNCs are located in Electronic City, making this locality one of the best options for potential home buyers in Bangalore. If you are thinking of investing in Electronic City, here are the top reasons why you are making the right decision.
Electronic City is well-connected to the rest of the city, so residents will face no hassles travelling to and from their homes here. The Silk Board junction is the lifeline of the locality, connecting it to Madiwala, Koramangala and surrounding areas. The proposed Silk Board flyover will reduce traffic congestion, allowing residents to enjoy a smooth, hassle-free commute. NICE Road and Bannerghatta Road are also essential roadways in this locality. If you prefer public transport, the extensive BMTC bus network can help you reach almost any destination within the city. The proposed Namma Metro Line 3 will also further improve connectivity from Electronic City.
If living next to your place of work has always sounded like an unattainable dream to you, buying a home in Electronic City can help you achieve that. This locality is a magnet for software companies looking to set up their offices. Some of the companies located here include Siemens, Hewlett Packard, HCL Technologies, TCS, Intel and more. Electronic City is also well-connected to Koramangala, one of the biggest commercial areas of Bangalore. With a home here, you can be sure that you are located in close proximity to all the career opportunities Bangalore has to offer.
Electronic City isn’t just an excellent location for young working professionals; it’s also the perfect choice for families. There are many esteemed educational institutions in the locality and this will ensure that your children receive a world-class education. Some of the best schools here include Treamis World School, Ebenezer International School, and VIBGYOR High School. Electronic City also has reputed institutions for higher education such as Institute of Finance and International Management (IFIM), Xavier’s Institute of Management and Entrepreneurship (XIME) and Aziz Premji University. No matter where their academic interests lie, your children are certain to receive an excellent education while living in Electronic City.
As a potential investor looking for properties in Electronic City, you will be spoilt for choice. This locality in Bangalore has some of the best residential apartments and villas with every amenity you could wish for. The best part about investing in this neighbourhood is that the property prices here are relatively lower than in most other areas of the city. This means that you can find a more spacious home here and end up paying a lot less for it. Due to the huge growth potential of Electronic City, a number of reputed builders have launched projects here. Code Dil Chahta Hai by Shriram Properties is a highly-anticipated upcoming residential project near Electronic City. With affordable homes and unique facilities that help build a thriving community, this project embodies the spirit of the area. With the abundance of options, real estate investors are certain to find a home that meets all their requirements and fits within their budget.
While a home certainly has immeasurable personal value, it is ultimately a form of investment. The amount that you spend on buying a home needs to be more than matched by the returns you get from it. Choosing a home in Electronic City will guarantee you steady returns on your investment, both in the long run and in the short term. Due to a large number of companies in the vicinity, you will be able to find tenants for your property very quickly. This can help you earn a steady monthly income through rent. Property prices here are also on an upward trend and this isn’t likely to change any time soon. In the last few years, real estate value has witnessed a steady increase by around 13-14%. By investing in a home in Electronic City, you are guaranteed to maximise the potential of your investment.
Electronic City is one of the top investment destinations in Bangalore and with good reason. If you are planning to invest here, visit Shriram Properties to learn more about Project Code Dil Chahta Hai and our other projects across India.