The IT Hub of the city, 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.
A Property Consultant for one of the reputed company 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 below 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 home-buyers.
Connectivity
With Bangalore traffic at an all-time high and the air filled with
pollution, many employees are looking for house close to their workspaces as
they try to avoid travelling in their self-owned automobiles. And this is where
Electronic City is at 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 based.
