Electronic City – Fastest Growing Realty Hotspot

electronic-cityElectronic City popularly called as E city, is one of the largest Electronic industrial park in India. It is located on Hosur road in Bangalore. Rama Krishna Baliga is the founder of Electronic City, the first Chairman and Managing Director of Keonics.EC has three phases: Phase I, Phase II and Phase III. It is spread over 332acres of land. The Electronic City houses 187 Information Technology companies which include General Electric, HCL Technologies, Hewlett-Packard, iGate global solutions, Infosys Limited, Infotech Enterprises Limited, Mahindra Satyam, Siemens Information Systems Limited, STPI, Tata Consultancy Services, Timken India Limited, TUV Rheinland India Pvt Ltd, Wipro technologies, Yokogawa and many others.Apart from these there are many reputed educational Institutes in Electronic City like theChrist Academy, Sunrise International Residential School, TREAMIS World School, SFS School and College, ACTS Group of Institutions, Brookfield High, Ebenezer International School, SIS : Sorsfort International School, CDAC, Noble Institute of Education Society, IZEE Business School, Candor International School, The Oxford College of Engineering, BTL Institute of Technology, NTTF – Nettur Technical Training Foundation, IHMR – Institute of Health Management Research, International Institute of Information Technology-BangaloreTransport and Infrastructure:There has been a tremendous improvement in the infrastructure and transport facility over the last few years. Efforts are made to solve traffic related issues. BMTC buses have started transport facilities in and around this area. Nearest bus stops include are Konappana Agrahara, Shikaripalya Cross, Dodda Togur, Shanthipura, Electronic City Phase-II. To reduce the congestion between Silk Road junction and Electronic city, an Elevated Toll road has been developed. It takes just 10 minutes instead of an hour to reach Electronic city from Silk board. Metro facilities are also functional in .  The new metro line EW from R.V road to Bommasandra is under construction. The basic infrastructure issues like water supply, power supply and e-waste has been resolved. BWSSB (Bangalore water supply & sewerage board) are planning to set up bore well here to solve water-problems. The much awaited Cauvery water (Phase II) was recently commissioned on 31st October 2012.Real Estate Development in the Electronic City:Bangalore has witnessed a rise of around 4.5 % on an average in the property prices. Several residential and commercial projects are being developed in Electronic City. Due to the establishment of IT industries there has been a lot of development in the real estate properties. Local land rates have gone up significantly.Residential and Commercial properties in Electronic City:There are many luxurious residential projects emerging In the Electronic city. Reputed real estate developers like DLF India, Ajmera Infinity, Godrej Properties, Mantri Developers, Richmond Pride etc. have laid their foundations here.  Property prices are stable in Electronic City, as of now. The residential price in the Electronic City lies in the price range of Rs. 2400 to Rs. 2,500 (approx). The average price range is 18 lac for 1 BHK apartment, 30 lac for 2 BHK and 50 lac for 3BHK. For Villas the price trend is Rs. 2900 per sq.ft.  Residential plots are available in the price range of Rs. 1.33 crore to 5 crores.This fiscal year, commercial properties are also witnessing a price hike in the Electronic City. In accordance Electronic city is expected to witness a 3 fold rise in the Residential and Infrastructural development within the next few years.займ на карту без отказов круглосуточновзять кредит онлайн

Leave a Reply

Your email address will not be published. Required fields are marked *