Transformation of Electronic city into the realty city

Electronics city is a hub of IT companies based in the Anekal taluk area of the Bangalore Urban District. It houses some of the most renowned companies of India like Wipro, Infosys, iGate etc. With Infosys purchasing Rs. 65 Crore worth of land from HP, the property scenario in the Electronics City area of South Bangalore has grown substantially.

Bangalore, which is also known as the Silicon Valley of India, is the IT hub of the country. With over 10 national plus MNCs operating in Bangalore, the Southern region has seen a substantial growth in both residential and office complexes, contributing a major portion to the Bangalore real estate market.

 

Electronics City

Southern part of the city holds the maximum number of IT companies in India. The location is always counted as prime because of the hot shot names attached with it. Because of the presence of top companies like TCS, Biocon, HCL and HP etc. the property rate in this region of Bangalore ranges from moderate to high prices. Attached to the prime parts of the city through BMTC (Bangalore Metropolitan Transport Corporation) bus, the area’s connection is set to further improve after the launch of Namma Metro Phase II.

 

Property price:

The property prices in the Electronics City Bangalore are moderately priced as on December, 2015. For those who are not looking to invest in a property but are planning to reside there on rent, the prices are Rs. 7k to 11k for 1 BHK, 12k to 14k for 2BHK and 14k to 19k for 3BHK apartments

 

Demands of property investors

Property investors who are looking to invest in Bangalore are looking for following things in the city:

• 2 BHK Apartments

In Bangalore city, 2 BHK flats are on a very high demand and have identified an unmatched growth because of a rise in prices and decrease in affordability. The 2 and 3 BHK flats constitute 90 percent of the realty market and especially the 2 BHK flats noted a demand of 54 percent, which is somewhat equal to the supply in the real estate market. This has made motivated many builders of the nation to launch similar property in Bangalore.

• Studio Apartments

The concept of Studio Apartments is becoming very famous in the Electronics City area of Bangalore. The prime reason for this is the fact that the new buyers will most probably plan on relocating in the future or that they have small family sizes. It’s easier for the young professionals to pay EMI rather than paying 15k to 25k as rent every month, also it can be used for investment purposes in the future. Thus studio apartments count as being a feasible option for professionals.

 

Electronics city will turn smart

The Electronics City Industries Association (ELCIA) along with Cisco has developed a plan to make Electronics City, a Smart City. A 5-kilometre area has been noted where, over and above the parking and street lighting, other amenities, such as, water management, traffic management and security surveillance will be managed locally through information systems,intelligent sensors and the Internet to develop the quality and competence of the city amenities in the Electronics City area.

When ranged ahead of the 5-km stretch, this project will be launched as concept of a smart city next year.

Bangalore, especially South Bangalore is growing as the realty hub in India. Because of the presence of the world’s top IT companies in the locality, the prices will only increase. However, like any other investment, look for the reliability of the developer.

This is a guest post by Tripti, who has been in the writing industry for 2 years now. Her work ranges from articles on property to education and employment.

Top 5 Reasons That Makes Bangalore an Ultimate Expat-Friendly Destination

Asia’s Quality of Life Index for the year 2015 is out that ranks different cities in the continent on the basis of factors like Purchasing Power Index, Safety Index, Property Price to Income Ratio and Pollution Index, to list a few. The surprising data reflects one of the most high-profile and cosmopolitan cities of India, Bangalore bagging a respectable position in top 15.

Industrialization and flourishing economy are also two most important factors that have placed the city at such a top rank and ahead of fierce competitors like Delhi, Kolkata and Mumbai. Bangalore has gained much popularity among the expat population and thereby the migration rate with respect to the city increases by every quarter of a given area. There must be something really special about Bangalore that not only makes it stand apart but also a favorite among the expatriates as well.

Here are some of the shining reasons that may compel the people who haven’t tried Bangalore, to actually go and experience the city:

• Mecca of Industries & Business Hubs

Entrepreneurs believe Bangalore lures them with its unique features, such as a unique culture of mentorship and networking that permeates the city. This very revolution has not only upgraded the brand value of the city but has also created the much-needed ripples in the employment market here. Businessmen are taking interest in the economy and business hubs here. New companies and startups are being established here, which in turn generates employment and accounts for a better standard of living here. Moreover, the city experiences a very high density of investment into different industries like Aviation, IT and manufacturing, which has boosted the quotient of the city to a next level.

• The Colorful Housing Market

The city is the major IT and manufacturer’s hub; therefore, the city attracts workforce from all over India as well as abroad thus leading to massive housing needs. The realtors understand the fact and realize the worth of the expatriate population relocating to the city. The real estate segment of Bangalore catering to the mid-income group has huge number of construction projects owing to the presence of mid-level IT workforce in the city. However, as the city also pulls in a group of larger global corporations thus the need for the HIG housing is also on the rise significantly. The wide range of property options in Whitefield exemplifies luxury as well as affordability in a nutshell.

• Booming Infrastructure 

Bangalore is a metropolis and has almost everything within, which place it ahead of all the strong counterparts, such as Mumbai or Delhi. The city has wide smooth roads, better commercial areas, well-laid institutional areas and much more. An expat with family can have an easy life here as accessibility to the entities of comfort is easier and manageable as well. Apart from this, the real estate market here in Bangalore is also steadily making Bangalore a beautiful place to watch out for. There is now a hopeful horizon for metro rail, better infrastructure projects and much more to come.

• The Lifestyle

There is no doubt about the fact that Bangalore has a lifestyle to rave about. Owing to a large expatriate population, Bangalore’s populace is more than 50% young and dynamic. This is one of the most important factors that make the lifestyle here, kaleidoscopic and funky at the same time. The market areas and the commercial zones are plush and quiet down to earth at the same time. There are market areas that will be swanky and in some parts there will be bazaars that are crowded and flocked with sale and cheap products. Bangalore is now defined by cleanliness, affordability and a populace that mimics the western culture followed within a boundary, in a safe way.

• The Intangible Aspects

The intangible aspects here refer to the facts that caught the minds of people all over the country and even abroad. The hip crowd, moderate climate and an amazing lifestyle are some of the factors that accounts for a better life for both natives and newbies in the city. People who face health issues owing to climatic conditions can live at ease, modernity blended with the right education and a manageable cost of living are some of the sweet facts that has not only surged the brand quotient of the city but has also contributed towards foreign interests in both business and lifestyle improvement arenas.

Go Bangalore!

Bangalore is a city that gives a totally different perspective for the life. Be it the bus stops, airports, the Indian Institute of Management or the markets; everything about this city is just amazing and extremely expat friendly. Once into this city, an individual will never fall short of places that will ooze out the rich south Indian culture or modern lifestyle to the maximum.

This is a guest post by Vineeta Tiwari who is a keen writer on Global Economy and Realty market. She has written articles on Global realty market and ongoing trends and tips for investors. An ardent reader, she is happy to pen down research based write-ups for global audience. Currently, she is professionally associated with popular realty portal, 99acres.com