budget apartments near electronic city

Thinking of living in Electronic City?
Know the Benefits!

Why is Electronic City the most preferred place for buying a Flat or Apartment?

Electronic City, situated in the southern part of Bangalore is easily one of the largest industrial hubs of India. It is spread over 332 acres of land and divided into Phase I, Phase II and Phase III. The infrastructure of Electronic City houses many IT and ITeS companies such as Wipro, Infosys, Hewlett-Packard, HCL Technologies, CGI, Patni Computer Systems, Siemens, Intel, and many more.

Keeping the above in consideration, the transport facility in Electronic city has also seen commendable improvement over the last two years. Regular buses to all parts of Bangalore now ply through the route. The upcoming Bangalore Metro Railway also connects Electronic City with other parts of Bangalore and all this has led to an increase in the land prices.

For anybody planning to invest in real estate in Bangalore, zeroing in on a location can get tricky. So, should you consider buying apartments in Electronic City? Read on to know.

Electronic City has the presence of around 200 companies. More and more people want to live close to their work place to not only save time but travelling expenditure as well. Electronic City is therefore fast becoming a preferred location of many working people. To support this rising population, Electronic City has seen a rapid emergence of major educational institutions like ICFAI, Alliance Business School, Christ Academy, IZEE business school and Xavier Institute of Management and Entrepreneurship. This makes it a convenient location for families too! The closest place to Electronic City, Hosur Road is coming to know as the Expressway and connects to the Outer Ring Road in a very convenient, easy, well-planned and signal free road.

Additionally, Bangalore’s outskirts are catching up as the preferred residential locations. While they offer posh localities with lesser crowd, the cost of real estate is actually lower than the main city. The same is the case with Electronic City. Real estate in Electronic City is still considerably cheaper than the central areas, making it a favourite among the people working there and has given rise to a number of residential apartments in Electronic City. Real estate experts have predicted that over the years, it is quite possible that this part of Bangalore will slowly develop into a prime area of investment, owing to the newly developed roads and transportation support.

To summarize, buying flats in Electronic City can yield you:

  • A great return on investment (ROI) because of the rapid growth rate in infrastructure and transportation facilities.
  • Extensive commercial development that is most likely to grow further at an increasing rate.
  • Improved living standards due to the emergence of schools, colleges, hospitals, etc.
  • Proximity to a host of different companies, saving time, money and effort spent in commute to workplace.

Electronic City can be a good investment option as the rates are likely to increase continuously over the next few years. If you are planning to buy an apartment as a home option, it comes with added benefits of travelling convenience, making Electronic City an ideal place.

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