In the 1970s, R K Baliga, the first Chairman and MD of Keonics (Karnataka Electronics), started Electronics City with the intention of emulating Silicon Valley. Today, this 322-acre technology hub in Bengaluru has become a coveted real estate hotspot, particularly for IT/ITES businesses. Some of the world's leading IT companies, including Siemens, Hewlett-Packard, General Electric, Intel, HCL Technologies, Wipro, CGI, and Infosys, have established a presence in Electronic City.
With an impressive rise in residential developments and social infrastructure, investing in Electronic City is a brilliant move. Bengaluru is one of India's four major metropolitan cities and offers a high standard of living. The city boasts excellent educational institutions, commercial complexes, and connectivity, making it an attractive option for working professionals and new home buyers looking to invest in real estate.
Investing in a property in Electronic City offers several advantages, making it an ideal destination for real estate investment. With top IT companies like Siemens, Hewlett-Packard, General Electric, Intel, HCL Technologies, Wipro, CGI and Infosys located here, living close to your workplace will not only save you time in commuting but also provide a better work-life balance. Additionally, the area's start-up culture offers great opportunities for small ventures.
The social infrastructure of Electronic City is another reason why it's a hotspot for real estate investment. The area is home to several prominent educational institutions, banks, shopping destinations, restaurants, and hospitals, catering to the lifestyle needs of urban families.
The expanding corporate sector and the thriving real estate market make Electronic City a promising residential hub. The area has several upcoming residential developments by top builders, offering a balance between luxury, comfort, convenience, and affordability. Brigade Valencia, for instance, offers Spanish-styled homes with 85% open space and is just two minutes from the upcoming Bommasandra Metro Station.
Electronic City's superior transportation and connectivity further enhance its appeal as a real estate investment destination. The area enjoys excellent connectivity to all parts of the city through Hosur Road, with highways, expressways, the BMTC bus network, and upcoming Metro Line 3 all contributing to the area's accessibility. Additionally, the upcoming domestic airport in Hosur will provide a further boost to connectivity.
Investing in Electronic City is also a promising opportunity for higher rental yields, with a 4-5% yield and a 13-14% increase in the real estate market. Electronic City's potential to turn into a sought-after real estate investment epicentre is evident from its growing number of multinational companies, top schools, and housing options in varied segments.
If you're looking to invest in real estate in Electronic City, Brigade Valencia's residential enclave Cielo, featuring spacious 2 and 3 BHK apartments, is a brand-new project worth considering. With all the advantages Electronic City has to offer, investing in this area guarantees a significant return on investment.