The IT Hub of the city Bangalore offers residential projects to not just working people but also to families at prices which are affordable than other areas of the city where tech parks are situated such as Whitefield and Manyata Tech Park.
Upendra Manchappa, a property consultant for Vasathi Consultants Pvt Ltd Sales mentions, “We cannot categorize all IT professionals as high-end buyers. A locality such as Whitefield has a higher number of expats and NRIs; therefore, the numbers of high-end projects coming up are far more. Localities around Manyata Tech Park are still considered as developing areas with less greenery. As compared to these, Electronic City is better developed and planned with a wide segment of mid-level IT professionals. In today’s market scenario, even mid-level IT professionals opt for affordable properties. All these factors have pushed demand for the Rs 40 lakh segment in this micro-market.”
Many residential projects are at various stages of development in the stretch between Neeladri Road and Thogur in addition to Jigani road and other nearby areas.
New residential developments:
Many property developers are offering 2, 3 and 4BHK units as well as villas and luxury high-risers which are commonly found in this area. The square feet of the villas are mostly 3000 square feet onwards. The projects which are being developed in Electronic City are offering state-of-the-art facilities and amenities and 24/7 security to woo the potential home-buyers.
Connectivity:
With Bangalore traffic at an all-time high and the air filled with pollution, many employees are looking for homes close to their work spaces as they try to avoid traveling in their self-owned automobiles. And this is where Electronic City is to its advantage, as residing in Electronic City, it is easily commutable to other parts of the city as well as to all the major public transport terminals in the city with its fantastic public transport services that ply frequently to the rest of the city.
Electronic City, being one of the earliest IT hubs, with several major Indian MNCs having their corporate offices, has been the constant focus of infrastructure development. Issues like bad roads, electricity and lack of basic infrastructure get addressed faster in Electronic City. Thus, today it houses the best educational institutions, medical facilities, markets and malls, making travel outside for the residents extremely need to be based.
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