Electronic City known as ECity is an IT dominated industrial park. Prominent MNCs like Siemens, Wipro, Infosys, Intel etc. have their base there. Rapid infrastructure development and great connectivity are some of the factors that are fuelling the realty demand there. Connected to major parts of the city, the locality’s network is all set to improve further after the introduction of Namma Metro Phase II. The locality is also home to a number of reputed educational institutions and healthcare facilities.

Electronic City has the best social infrastructure and it houses many retail establishments like DMart, Neo Mall, etc. Commercial spaces have rapidly grown along the important roads like Doddathogur Road. Civic amenities like water supply in this vicinity are improving after initiatives taken by the local administration. The neighbourhood is well guarded and amenities like walkover bridges help to manage traffic.Located on Hour Road, Electronic City is well connected to other parts of the city via road and rail. Other arterial areas like the Silk Board in Madiwala (9 km), NICE Road and Bannerghatta Road helped in improving the access to the City.

Real estate in Electronic city is flourishing since people are ready to invest in new properties here (apartments especially) as ’live and work in the electronic city’ has become a lifestyle concept by itself. Real estate is booming like never before and the growth of the place can be attributed for this cause. The recently constructed elevated highway from Silk Board to Electronic City has also played a great role in helping to lessen the traffic congestion.

Several luxury residential projects like Ajmer Infinity, Concorde Manhattans, Concorde Silicon Valley, Gang Vertical, Genesis Ecosphere, Concorde Cupertino, Ajmer Willows and Ajmer Avenue are developed in the stretch between Wipro and Neeladri. Reputed builders like Prestige Group have their projects coming up in this area.

Electronic City is witnessing maximum supply of properties within the budget of Rs 40 lakh, at various stages of construction. The average price for multi-stored apartments in Electronic City (Jan-March 2015) is Rs 3,361/sqft-Rs 3,266/sqft. The average price for residential plots in Electronic City (Jan-March 2015) is Rs 15,590/Sqft-Rs 13,472/Sqft.

Projects worth buying in Electronic City

Concorde Epitome

Concorde Epitome spread across 2 acres of total land with 7 towers and 200 units. The price of the project is Rs 43lakhs onwards for 2-3BHK apartments. The average price per sqft is Rs 3750. The area per sqft of the project is 1055-1743/sqft. The project is approved by BMRDA.The project has all the luxurious amenities inside the campus and all the units are build Vaastu Compliant.

About the Builder

Concorde Group Pvt Ltd has 11 ongoing projects and 9 completed projects. B.S. Shivarama (Chairman) and R.Gopal Reddy (MD) together founded Concorde Group Pvt Ltd in the year 1998. Even they own the coffee shop”Cuppa” Life Refreshed. Concorde Group has developed close to 15 million square feet of land into residential layouts and 3 million square feet construction projects. Concorde currently has 2.6 million square feet or 900 crores worth of projects, due for completion in the next three years.

Conclusion

Along with all its positive factors for the demand of real estate property and land in this area, the government has proposed for construction of a smart city in Electronic city which will supposedly be operational by 2015. This has further fuelled the demand for land and property in this area with further escalating the prices. Electronic City is a micro-market of Bangalore where no investor will be disappointed after investing in this area.