Whether the homebuyer is seeking a budget home or an upmarket home, Electronic City in Bangalore meets both requirements. The locality with the futuristic name is the location of many futuristic developments which have sprung up over the past decade, from 1 bedroom flats to larger 3 BHK flats, Electronic City has nearly all types of homes for a discerning home buyer. As the location of choice for Bangalore’s IT employees Electronic City has seen the price of real estate in the locality soar by nearly 13% over the past 36 months.
Residential property in Bangalore at Electronic City is among the most sought after due to the presence of many top IT conglomerates in the vicinity of Electronic City. Names such as Infosys, Wipro, and HCL Technologies to name a just a few all have offices at Electronic City making the region a prime residential location for many techies who are employed within the technology sector.
Flats in Bangalore are in demand usually by homebuyers who wish to live in their own home, buying a home as an investment or as a speculator is less common in Bangalore than in many other major cities. Hence many of the residential projects in Bangalore are occupied by those who are the owners of the respective flat or apartment and not by tenants.
As most of the property in Bangalore is owned by end users and not speculators thus the chance that there is a bubble in the property market in Bangalore is highly unlikely and the price of apartments is fairly valued.
To a buyer keen to look at 3 BHK flats in Bangalore, Electronic City has a large menu of items to choose from. As an example a 1650 square foot 3 BHK in Bangalore can be yours for a little less than 1 crore rupees, if you desire a larger apartment then a 3900 square foot 4 BHK flat at Electronic City can be purchased for 1.75 crores.
Electronic City is a well-developed and relatively mature locality, its residents would be among some of the best neighbors you could hope for, as techies working with some of the leading companies in the world your future neighbors would certainly have proved their worth and success by purchasing an apartment at Electronic City. The real estate market at Electronic City would also tend to be without great market distortions with most of the prices quoted by buyers and sellers being genuine. Real Estate in Bangalore unlike in Mumbai may be very accurately priced with fewer shady deals and a greater degree of transparency than that in most other parts of the country. The transparency in the real estate deals in Bangalore may also be of a much higher caliber than real estate deals in many other parts of the country.
If you are an It worker who is keen to own property in Bangalore, then almost certainly you would have heard of Electronic City before from at least one or two people. It may be the perfect locality to own a home for those who work in the IT sector in Bangalore.