Electronic City is situated on NH7 in the southern part of Bangalore. It consists of 3 phases; phase 2 is the biggest with over 340 acres of land area. It is one of the largest IT hubs of Bangalore, with more than 300 companies and a huge work force.
The elevated highway from Silk Board to Electronic City has helped the commuter facilities for the people here. There are exclusive buses to Electronic City from Bangalore run by BMTC and BIAL; and very soon, the Metro Rail will also serve this area. Apart from connectivity, it also has some reputed educational institutions, hospitals and shopping malls which add to the attraction of the people.
The growth in population has led people to search for more calm places to live in and, since the Electronic Giants have their presence here and many are following, this is a most sought-after destination for residential and commercial properties. Based on the demand in this area, many big- and small-time builders have started projects with luxury to super-luxury apartments and villas here. This locality will definitely see significant growth and ROI, and investors are likely to enjoy between 8 to 10% returns.
Average apartment prices in this locality range from Rs. 3500/- to 6000/- per sq. ft. Average land prices are Rs. 9000/- per sq. ft. Major builders in this area include Prestige Group, Concorde Group, Patel Realty Group, Ajmera Realty and Infra, Unitech Limited, and Arattukulam Developers. The growth rate in this area is 8%.
Stamp Duty is 5%, Registration Fees are calculated at 1%
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