Talk of Real Estate in Electronic City and people immediately say the region is the world’s IT outsourcing hub. This township in the Anekal taluk of Indian state of Karnataka is one of the largest IT parks of the country. It is spread over 332 acres of land and is divided into 3 phases.
The maintenance and upkeep of Electronics City is done by Electronics City Industrial Township Authority (ELCITA). Residents of Electronics City are assured of world class security and infrastructure. CISF guards keep patrolling the place day and night and CCTV cameras installed at various places assist the over 500 security officials deployed here. Neeladri Road in Electronics City leads from the cluster of companies like Infosys, Wipro, Siemens, HCL and HP to the residential complexes in Neeladri Nagar.
The place is frequented daily by professionals working in various IT companies. Infosys has its world headquarters here. Department of Bio Technology has set up Biotech Helix Park. BMTC buses connect Electronics City to all parts of Bangalore and even straight to the Kempegowda International Airport.
METRO Project Phase 2 is proposed between R.V Road and Bommasandra and it will pass through Electronics City. Moreover, many real estate ventures are showing interest in the area. Shriram Properties has its high-rise apartments coming up soon. Concorde Group has 3 projects in Neeladri Nagar itself. Builders like Ajmera also have 3 projects in Neeladri Nagar. Besides this, builders like GM and Krishna have also begun their projects in Electronics City. Godrej Properties is at handing over stage with flats for sale in Phase 1 of its project Godrej E-City, a low rise development with all modern amenities.
Education in Electronic City
The place is a boon for students of all grades. Educational institutions like KidZee for toddlers to PES Aziz Premji Institute and International Institute of Information Technology for undergraduates are present here. Moreover, Symbiosis Institute of Business Management too is developing managers every year.
Amenities in Electronic City
Various 3-star, 4-star and 5-star hotels are also present at Electronics City. Crowne Plaza is a 5-start hotel that towers high towards the sky in Velankani area.
An elevated highway, called Electronics City flyover, connects the place to Silk Board without any worry of traffic. In proximity, we have companies like Bosch, Sasken and HGS and automobile showrooms of Volvo, Jaguar, Porshe and Volkswagen to name a few. Hospitals like Narayana Hrudalaya & Dr. Lal Path Labs and hotels like Ibis are quite close too.
For party-lovers, Barbecue Nation, Moriz and Dominos are in the centre of Neeladri Nagar.
The rent usually ranges from 18K/month to 35K/month for 2BHK flats. The rate may be 5K-8K higher for 3BHK flats. Bachelors may suffer a little problem while searching for flats, as most house-owners prefer families as tenants. However, with a little extra effort, bachelors can also get ideal homes to stay in inside the apartments, although a broker may be generally required to get in touch with house-owners.
Electronics City is no more only the world’s major IT hub, but is also fast developing as one of the most sought-after residential place by professionals and entrepreneurs, as all kinds of amenities exist within 5kms radius. Only thing that concerns most Bangalore residents is the distance of this place for city center and several missing pieces of social infrastructure or rather density of them. We feel over next few years this will not be a limitation for Electronic City.
Refer our disclaimer
1. How is Electronic City a better investment place than Whitefield?
While Whitefield is closer to most other places in Bangalore, it is also quite saturated with major traffic problems. In comparison, Electronic city is slated for growth and has just as many IT spaces and residential developments.
2. What must one look out for before investing in Electronic City?
E-city has an oversupply of budget apartments and residential plots, due to land-availability. This could result in slow appreciation. The development of social infrastructure is also extremely slow.
3. Does Electronic City have a USP that sets it apart from other places?
Electronic City has ELCITA- Electronics City Industrial Township Authority which is a large community that looks over the development and management of all functions in the area, including waste management.
4. Does Electronic City have traffic problems?
Yes, peak hour traffic is a problem in E-city, particularly in the Electronic City flyover. However, this is not as bad as a few other places in Bangalore.