Electronic City, also known as E-City is the golden IT circuit of Bangalore and  is an epitome of development, diversity, luxury and vibrant lifestyle. It consists of roughly around 200 IT companies, start ups, and more to follow in the coming years. The infrastructure is spread across a whopping 800 acres of land and is one the most happening places in city. 

Along with its resonance with the IT sector, E-city has evolved into a blooming and sought-after real estate market in Bangalore, alluring investors as well as working professionals from across the country and is divided into 4 phases as the surge and demand went higher. Let’s discuss in detail, gain insights and understand the real estate market in Electronic City.

History

Lets begin with a bit on the history, E-city was contrivance of the Karnataka State Electronics Development Corporation (KEONICS) and was commissioned in the year 1978, with aspirations of making it the “Silicon Valley of India”  we now know of!  

In 1997, it was officially passed on from KEONICS to the Electronic City Township Industries Association (ELCITA) for further maintenance and urban development of the region and since has played a major role in the success of development of infrastructure in Bangalore.

Key Factors Accelerating Growth of Real Estate 

Let’s focus on the main factors driving growth and expansion of real estate in Electronic City

1. Presence of IT Hubs

The role of IT hubs in the progress of E-City is immeasurable, it basically outweighed all other factors. By the late 90s, Electronic City witnessed a surge in companies, some of the big players in the IT sector in those days such as Infosys, Wipro, HP, TCS, Siemens and Intel, deemed it to be an ideal location to set up their offices. 

This move ensured in boosting employment opportunities in the area, which went hand in hand and laid a stepping stone for working professionals from across the country to move in for better opportunities, which in turn led to the evolution of real estate in the region. 

2. Infrastructure

Another main factor is infrastructure, unlike any other areas in Bangalore where there is a mix of residents as well as business operating around, E-city was predominantly designed keeping in mind the exclusiveness of IT sector and its companies, resulting in a huge number of commercial spaces.

The location also played a marvellous role, as it is situated in the city outskirts, it paved the way for well-structured infrastructure and planning unlike the traditional neighbourhoods we see in the city. This exclusiveness and vision captivated the real estate investors and realtors.  

3. Affordable Housing

One of the major factors would be affordability of housing, since this area is exclusive and secluded from the other parts of the city, the cost of living is slightly lesser with no compromise in facilities and planned development, making it a first choice of working professionals and frontrunner for investments for people who are not native to Bangalore.  

4. Connectivity and Transportation 

The most important issue E-City addressed was connectivity within the main city, even though placed in the outskirts, you are sure to discover well maintained and broad roads, dedicated highways and flyovers for smooth transit, along with excellent connectivity options, right from buses (both Government and private), cabs, autos along with electronic city metro line which will be completed pretty soon and will surely be a game changer furthermore boosting the economy and real estate in the area.

Real Estate Categories in Electronic City

Real estate can be split up into two main categories, residential and commercial. Let’s Discuss properties near Electronic City.

A. Residential Properties

In residential property types, we further have two sub-divisions that are popular in E-city

Apartments 

Apartments in Electronic City are by far the most beneficial form of investment working professionals have been doing since a decade. By purchasing flats in electronic city you are assured safety in a gated community with spacious bedrooms according to your requirements, with dedicated parking spaces, 24hr power backup, maintenance and lift services. 

There are also luxury apartments in electronic city which provide extravagant amenities such as a swimming pool, gym, a park for jogging/walking and games court. 

Villas 

Villas are also regarded as a good form of investment, but it has a very niche audience. Villas in Electronic City provide you a bandwidth of options to choose from and provide you with utmost privacy and convenience with exclusive amenities and facilities.

Both these property types are a good form of investment in their own way, but to tell you from an investment perspective, Purchasing an apartment over a Villa in Electronic City will give you a better Return on Investment (ROI).

B. Commercial Properties

The commercial property types can be further divided into 3 sub-categories

Office Spaces

Office spaces in Electronic City is a never ending form of investment that can be capitalised for good returns. As there are a few government initiatives and  plans of further expansion, investing and building office spaces can be a smart form of investment as there would be a huge need in the future.

Business and Retail Outlets

With the rise in residents and development of more residential neighbourhoods all across E-City, the need for entertainment, businesses and retail outlets is always in demand and has paved the way for restauranteurs, malls, various shopping outlets and brands to provide their services to the masses. Henceforth, investing in some business can actually be a great form of investment.

Plot Investment

Investment on land/plot is the most under-rated form of investment which can also be regarded as a traditional form of investment. Say you have capital, but are unsure on what to invest on? Plot investment is the best investment option there is and there will be. By purchasing a plot in Electronic City not only you will be getting good returns in a couple of years, but also would be able to lay out a foundation for a business which might take course in the near future..

Conclusion

The real estate market in Bengaluru has come a long way. It started off as a dream and is now fulfilling its destiny. While purchasing any property in Bangalore, be sure to follow these steps we have mentioned, be clear with all the legalities and know what’s best for you. 

Do check-out our ongoing project Reflections by Mudiita, multi storey dwellings in the heart of Electronic City, providing opulence and luxury and can be a perfect match for your lifestyle.