Electronic City of Bangalore , a home for global IT and ITes companies, is increasingly known for its villas and luxury projects and is becoming the hub for residential and commercial infrastructure development since past few years. The real estate sector which is currently booming as the youngsters have found real estate a safest bet to invest their money in, is looking at the Electronic City as a potential growth prospect for home buyers and commercial complexes.
The Electronic City is only 18km away from central Bangalore and has excellent connectivity to other localities in Bangalore by road, rail and air. The BMTC and BIAL buses ply through the city giving it a good connectivity to Bangalore central and the airport. With more and more residential and commercial complexes coming up in this part of the city gradually, it is developing as a major investment avenue.
The Electronic City, also known as the IT Park, is a hub for major IT companies like GE, HCL , Tech Mahindra, Infosys , Patni Computers which are all situated in close vicinity. It is therefore an ideal location to invest in properties. It has well developed social infrastructure, top educational institutions like the Oxford College, Silicon Valley High School, PES Institute of Technology that makes the Electronic City properties a hot selling property with a promise of good return on investment for years to come.
Real estate companies are offering alluring rates within budget housing projects with an array of 1BHK, 2BHK, 3BHK, 4BHK, 5 BHK options at affordable prices. The minimum and the maximum price are within comfortable ranges, clearly making this place an apt place where you can find your dream home.
One major attraction to invest in the Electronic City is its connectivity to central Bangalore via the Hosur Road. This elevated highway is a 10km long 4 to 6 lane wide stretch connecting to the E- city. It is one of the longest flyovers of Bangalore and cuts a good amount of travel time as well thus improving the connectivity to the Electronic City. Furthermore there is metro line which is under construction. This will have 16 stations out of which two stations are earmarked for the Electronic City.
Electronic city has also got the government approval under the ‘Smart City’ project list which is why we can expect further development in amenities of this e-city with the successful implementation of the smart city project. The E-city planned township, IT hub, residential complexes and all other comes under the phase I of the Electronic City development. Phase I is saturated but development in Phase II & III are yet to begin. There is almost around 450 acre of land allotted for the development of Phase II & III .So in terms of potential, there is still much potential left in this area to be tapped.
Among the several residential developments either announced or being developed by reputed builders, there is one by the name of Kolte Patil iTowers Exente which is specially catching on the attention of the investors and home-seekers alike. Launched by the prominent builder group, Kolte-Patil Developers Ltd, the structure of the project is that it is one of the tallest towers in the area which is the main USP of the project. The apartments at Kolte Patil Exente come in a variety of sizes to choose, ranging from a convenient 710 sq. ft. to a whopping 2093 sq. ft. as per one’s budget and convenience. The proposed amenities and specification are according to the standards set by the BDA and the layout is according to the standards set by the architects.
