30/08/2023
Is buying a flat in Electronic City a good idea?
The real estate and construction industries in Bangalore city have grown rapidly in recent years The increased connectivity and improved infrastructure are mainly responsible for the growth. Because most of the MNC’s are based in the electronic city, purchasing a flat is a good investment. Buying a home is also a good investment, as the real estate market is continuously growing in the area.
What are the benefits of purchasing a home in Electronic City?
Central location
The central location of Bangalore provides numerous benefits. It’s easily accessible to the rest of the city due to its location. The Silk Road junction connects the neighborhood to other parts of the city by road. Important areas of the city like Koramangala, Madiwala, and other important areas are accessible through this. Apart from this, Bannerghatta Road and NICE Road are two other important roads for connectivity. BMTC buses are available for commuting to any part of the city. The Namma metro connects Electronic City to other parts of the city, easing travel.
The best residential apartments
Within the electronic city, you can find many apartments and flats built with top-class urban amenities. The scope for further growth in the real estate sector has made many premium real estate developers start new projects in the locality. One such project that is ongoing is Signature Splendor by the SignatureDwellings group. Striking a perfect harmony between quality living and nature, these homes will give you a nostalgic feeling.
Best returns on investment
Buying a home can bring a lot of value on a personal level, but it can also be an investment for the future. Buying a flat requires informed decision-making, as it can result in high returns on investment. Ensuring proper returns has to be a crucial factor in buying a home in an electronic city.
Also Read: Whitefield or Electronic City: Where should you buy a home?
Recently, flat prices have appreciated by 12%, and returns per year have increased by 9%. Flat prices are expected to continue a rising trend even in the near future. This makes buying a house a smart choice for long-term investments.
The proximity to MNCs ensures a steady supply of tenants, making your investments safe and profitable. So Investing in real estate gives guaranteed returns.
Closer to the IT Hub
For professionals, living near their workplace is the best thing to have, as it saves time and money on travel and other expenses. Some of the top companies like HCL, TCS, Siemens, and Intel are operating from the electronic city, which makes career growth opportunities easily available.
Education hub
Electronic City is not just an IT hub but also hosts some of the top educational institutions in the city. The electronic city is an excellent choice for families due to the presence of such educational institutions. Some top-class international schools in the area are VIBGYOR High, Ebenezer International and Treamis World. Electronics City has some of the premium institutes of higher learning, such as Xavier’s Institute of Management, Azim Premji University, Entrepreneurship (XIME), etc. As an Education hub, Electronic city ensures full growth and development of the child.
Recreation and shopping facilities
There is easy access to Bannerghatta National Park, Gopalan Innovation Mall, and Hebbagodi Lake Park to cater to recreational requirements. Apart from these, there are many Gyms, yoga centres, and landscaped gardens for recreation. For retail, there are many supermarkets like Reliance Fresh and Sunshine Supermarket for the daily grocery requirements of the dwellers.
Affordable prices: Electronic City has some of the best and most affordable prices when compared to other parts of the city. So it’s important to conduct your research on the prices at a given time to get the best price for your purchase.
Also Read: Cost of Living in Bangalore for Bachelors & Family
In a nutshell, Buying a flat in Electronic City gives you a lot of advantages as compared to other parts of the city. The connectivity is one of the best, with many roads connecting to different parts of Bangalore and the Namma Metro Rail providing rail connectivity. There is good recreational and retail infrastructure, along with affordable prices. It is best for professionals and families alike because of its proximity to IT and Education hubs. Flats in Electronic City offer excellent investment returns to anyone seeking a home there. Check out our projects like Signature Splendor at Electronic City by visiting our site, SignatureDwellings, right away.
