{"id":4442,"date":"2021-12-12T17:55:19","date_gmt":"2021-12-12T17:55:19","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=4442"},"modified":"2024-08-07T13:09:41","modified_gmt":"2024-08-07T07:39:41","slug":"bangalores-electronic-city-is-an-important-yet-inexpensive-residential-hub","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/bangalores-electronic-city-is-an-important-yet-inexpensive-residential-hub\/","title":{"rendered":"Bangalore&#8217;s Electronic City is an important yet inexpensive residential hub"},"content":{"rendered":"\n<p><em>Electronic City, sometimes known as ECity, is one of <a href=\"https:\/\/propertypistol.com\/bangalore\">Bangalore<\/a>&#8216;s main IT clusters. <\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Due to the increasing demand for residential units in this neighbourhood and the surrounding areas, developers are continually developing projects with a variety of affordable alternatives. Let&#8217;s take a look at how inexpensive housing is transforming the real estate scene in Bangalore&#8217;s Electronic City.<\/p>\n\n\n\n<p>Electronic City, located\nin South East Bangalore, is said to be the catalyst for increased housing\ndemand in this area. However, due to an overstock of new residential\ndevelopments and a gradual shift in demand for rental offers from the expanding\nmillennial buyer demographic, property values here have not gained as much as\nin other Bangalore residential areas. Here&#8217;s a look at what&#8217;s going on in\nElectronic City in terms of real estate.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/bangalores-electronic-city-is-an-important-yet-inexpensive-residential-hub\/#Price_trends_at_the_moment\" title=\"Price trends at the moment\">Price trends at the moment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/bangalores-electronic-city-is-an-important-yet-inexpensive-residential-hub\/#Capital_appreciation\" title=\"Capital appreciation\">Capital appreciation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.propertypistol.com\/blog\/bangalores-electronic-city-is-an-important-yet-inexpensive-residential-hub\/#Infrastructure\" title=\"Infrastructure\">Infrastructure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.propertypistol.com\/blog\/bangalores-electronic-city-is-an-important-yet-inexpensive-residential-hub\/#Projects_in_the_pipeline\" title=\"Projects in the pipeline\">Projects in the pipeline<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Price_trends_at_the_moment\"><\/span><strong>Price trends at the moment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The\naverage property values in Electronic City throughout the investigated period\nstay around Rs 4,900 per sq ft, according to the Bangalore Real Estate Market\nReport Oct-Dec 2020. As a result, a conventional 2 BHK flat with a 1,000 sq. ft\nspace may be purchased for Rs 45-55 lakh.<\/p>\n\n\n\n<p>According\nto insider information, Electronic City sells a major chunk of its overall\ninventory for between Rs 40 lakh and Rs 1 crore.<\/p>\n\n\n\n<p>Homebuyers can choose from\na variety of property types, including multi-story apartments, residential\nplots, and single-family homes. While multi-story apartments account for the\nmajority of the inventory, plots and villas are in short supply \u2013<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_appreciation\"><\/span><strong>Capital appreciation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In the previous four\nyears, the value of real estate in Electronic City has increased by around 13%.\nOne of the main reasons why property values haven&#8217;t been able to rise\nsignificantly in this area is an excess of residential houses.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Infrastructure\"><\/span><strong>Infrastructure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Electronic\nCity, being a developed business and residential centre, needs a robust social\nand physical infrastructure. This location&#8217;s connection has increased in recent\nyears, with BMTC buses running to all of Bangalore&#8217;s major locations.<\/p>\n\n\n\n<p>The\nElevated Motorway is a prominent two-lane highway that connects Electronic City\nwith Silk Board. The highway, also known as Hosur Route, connects to the Outer\nRing Road near Silk Board and is the sole significant road connecting\nElectronic City to the rest of the world.<\/p>\n\n\n\n<p>Electronic City will benefit from enhanced connectivity in the future thanks to different public transportation initiatives in the works. Namma Metro is set to link the neighbourhood. Electronic City will be a notable metro station along the Bommasandra to Hosur Road segment of the <a href=\"https:\/\/www.propertypistol.com\/blog\/the-namma-metro-in-bangalore-everything-you-need-to-know\/\">Namma Metro<\/a> Phase-II, which is planned to be finished by mid-2022. The nearest metro stations to this location are the Yelachenahalli and JP Nagar stations on the Namma Metro&#8217;s Green Line, which are both around 18 kilometres distant.<\/p>\n\n\n\n<p>In terms of social\ninfrastructure, the area has a diverse range of educational institutions, healthcare\nfacilities, and marketplaces to meet inhabitants&#8217; everyday requirements.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Projects_in_the_pipeline\"><\/span><strong>Projects in the pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Around 90% of Electronic\nCity&#8217;s residential inventory is ready to move in, with the remainder under\ndevelopment and available for new bookings.<\/p>\n\n\n\n<p><strong>The following are some of\nthe most popular under-construction projects in the area:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Columbia\nGroup&#8217;s Columbia Aaltius is expected to be in possession by 2023.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Kolte\nPatil I Towers Exente by Kolte Patil Developers is scheduled to be completed in\n2024.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The Ajmera\nGroup&#8217;s Ajmera Nucleus is expected to be in possession by 2022.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Purva\nWestend by Purvankara is complete in phases I and II, with Phase III expected\nto be completed by the end of 2020.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>There\nare also a number of ready-to-move-in projects in both old and new homes. Here\nare a handful of them:<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Keya\nThe Green Terraces is a development by Keya Homes.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>SNN\nRaj Grandeur is a project by SNN Builders.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>MahendraAarna\nis a Mahendra Homes product.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>ALPS\nPleasanton is a collaboration between ALPS Prime Spaces and Hiren Wahen Group.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Ajmera\nGroup&#8217;s Ajmera Infinity<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Salarpuria\nSattva Group Builders Salarpuria Sattva Cadenza<\/li><\/ul>\n\n\n\n<p style=\"font-size:12px\"><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electronic City, sometimes known as ECity, is one of Bangalore&#8216;s main IT clusters.<\/p>\n","protected":false},"author":2,"featured_media":4443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[79],"tags":[217],"class_list":["post-4442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-city-insight","tag-bangalore","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bangalore Electronic City: Affordable Residential Hub | PropertyPistol<\/title>\n<meta name=\"description\" content=\"Explore why Bangalore&#039;s Electronic City is a key yet cost-effective residential area. 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