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About Properties In Maragondanahalli, Electronic City, Bangalore for Sale
Overview of Electronic City
- Electronic City is one of the leading and well-planned IT Hub in South .
- It is spread across 332 acres and houses numerous multinational IT and ITES Companies.
- Electronic City is emerging as a residential area and offers a range of housing options.
- The locality boasts excellent connectivity and has seamless access within the city.
- Important social infrastructure and facilities are within proximity, offering convenience.
- With the ongoing rapid developments, Electronic City is expected to witness a booming Real Estate Market.
- The PIN Code of Electronic City is 560100.
Electronic City Residential Market Insights
- The average cost of flats in Electronic City is ₹ 6,800 per sq. ft.
- Electronic City Residential Market comprises a variety of properties from high-rise apartments to villas, followed by plots.
- Housing properties in Electronic City are available in Mid-segment and Premium Budget.
- The average price of 1 BHK flat in Electronic City can range from ₹ 30 lakh to ₹ 74 lakh.
- The average price of 2 BHK flat in Electronic City can range from ₹ 45 lakh to ₹ 98 lakh.
- The average price of 3 BHK flat in Electronic City can range from ₹ 65 lakh to ₹ 1.60 crore.
- The average price of 4 BHK flat in Electronic City can range from ₹ 1.40 crore to ₹ 2.10 crore.
- It is important to note that property prices may vary depending on the exact location of the project, the builder’s reputation, and the type of property.
- Proximity to key IT and Commercial giants attracts the majority of working professionals and makes Electronic City the best rental location.
- The average monthly rental price in Electronic City is ₹ 9,500 to ₹ 71,000.
Connectivity and Transportation In Electronic City
- Electronic City Metro Station is just 5 km away and benefits local daily commuters.
- Electronic City Metro Station is on the Yellow Line of Namma Metro and connects from RV Road to the Bommasandra area.
- Electronic City is strategically located and is well-connected to other prominent areas in South .
- Nearest Railway Station to Electronic City is Heelalige Railway Station. It is located around 9 km away from the locality.
- Areas like South Bengaluru HSR Layout, Bommanahalli, Harlur and Bommasandra Industrial Area are within the vicinity of Electronic City.
- Key road in Electronic City is NH-44 (Bengaluru-Chennai Highway) and offers a vast connectivity to the locals.
- Other important roads accessible to Electronic City are Hosur Road, Electronic City Flyover, and NICE Ring Road.
- Kempegowda International Airport, is around 1 hour and 50 minutes away from Electronic City. It benefits the individuals travelling long distances.
Social Infrastructure In Electronic City
- Reputed Hospitals in Electronic City are Springleaf Hospital, Pralaksha Hospital, E-City Hospital, Sri Laxmi Hospital, and Kauvery Hospital.
- Various Educational Institutions near Electronic City are ISBR Business School, St.Francis De Sales College, PES Institute of Technology (South Campus), and Sorsfort International School.
- Malls and Shopping Centers near Electronic City are Metro Mall, Sri Manikanta Shopping Complex, MMR Shopping Complex, Max Fashion Store, and M5 Mall. They offer a variety of options to fulfill the shopping needs of the residents.
- Marketplaces near Electronic City are Reliance Smart Bazaar, DMart Electronic City, Family Xpress Supermarket, Grandmart Hypermarket, etc. These offer locals quick access to daily necessities.
- Hotels near Electronic City are The Oterra Hotel, Hotel Fortune Suites, Western Silicon Hotel, and Celebrity Hotels & Suites. These are known to offer high-quality accommodations.
Employment Opportunities In Electronic City
- Electronic City is famous as one of India’s largest IT Hubs, as it is home to over 150 IT/ ITES Companies. This offers locals a huge employment opportunity.
- Numerous Multinational Companies in Electronic City include Infosys, Wipro, TCS, and Tech Mahindra.
- Other major employment hubs like Salarpuria Infozone, Cyber Park, and Gold Hill Supreme Park also operate within easy access from Electronic City.
- Key Industrial Areas like Bommasandra and Jigani are just 6 km away from Electronic City. This further boosts the job availability for the residents here.
Lifestyle In Electronic City
- Electronic City is a well-planned locality and offers a highly convenient lifestyle.
- The locality offers residents easy access to essential amenities like Hospitals, Schools, Marketplaces, Recreational places, Entertainment Options, etc. This makes Electronic City a good place to live in.
- The presence of several giant companies and IT hubs offers working professionals in Electronic City a good work-life balance experience.
- Various restaurants in Electronic City are Beijing Bites Restaurant, Thalassery Restaurant, Paradise Biryani Restaurant, Nandanam Restaurant, etc. These restaurants are rated satisfactory and offer a delectable dining experience.
- Recreational facilities in Electronic City are VRR Astoria Resort & Convention Center, Sri Venkateshwara Theatre, Justplay Sports Club, and Gold Coins Club & Resort.
- There are many gardens and parks near Electronic City, allowing residents to unwind, relax, or simply enjoy a walk.
Safety and Security In Electronic City
- Electronic City is one of the safest localities situated in .
- There are several police stations within easy reach of locals.
- Police rounds are conducted regularly in the locality to ensure the security of the residents is well maintained.
Development and Future Prospects In Electronic City
- Upcoming Suburban's Kanaka Line will benefit Electronic City significantly.
- Huskuru and Singena Agrahara suburban stations will enhance the connectivity in Electronic City.
- Electric Flying Taxis are planned to help travel from the Airport to Electronic City.
- Ongoing development of the Peripheral Ring Road is expected to reduce traffic in this locality and offer a quick travel time.
Cultural and Community In Electronic City
- Electronic City is home to diverse populations, especially working professionals from across the World. Hence, the locality fosters a vibrant community.
- Various religious places in Electronic City are Thimmarayaswamy Fort Temple, Sri Shirdi Sadguru Sai Baba Temple, Kashi Vishwanath Swamy Temple, IPC Bethel Church, NH Gurudwara Temple, etc.
- Various cultural festivals and traditions are celebrated, promoting diversity and unity.
Environmental Factors In Electronic City
- Electronic City uses renewable energy sources such as solar panels. This serves efficient energy management in the locality.
- Electronic City has gained a platinum rating from the Indian Green Building Council (IGBC) for its incredible and sustainable developments.
- The air quality in Electronic City is moderate, considering rapid developments and infrastructure upgrades within the locality.
Flat Configuration In Electronic City
- Electronic City offers flat configurations of 1 BHK, 2 BHK, 3 BHK, and 4 BHK.
- 2 BHK is the most preferred flat configuration by homebuyers in Electronic City.
- Apart from flats/ apartments, Electronic City also offers housing properties like Villas, Farmhouses, Independent Floors, and Plots.
- Residential areas are emerging in Electronic City, and various Gated Communities and Townships are soon coming up here.
Property Price Growth In Electronic City
- Properties in Electronic City have witnessed a YOY price growth of 17% approx.
- In the last 3 years, property price growth in Electronic City has been around 36%.
- Upcoming residential developments and infrastructural upgrades are expected to continue the growing property value in Electronic City.