If you reside in south Bangalore and if you have been recently pondering over home purchase, then you may have ended up finding no property available for purchase. Either the condominiums are all sold off or the prices being demanded are way too high for your pockets. With the rapid developments happening in Electronic City, the prices are set to only appreciate. And this is where Neotown comes as a respite. This new township in the vicinity of Electronics City is soon becoming a hot favourite option with home buyers.
The place is yet underdeveloped. However, rapid developments are taking place, which show promise for those people who want to purchase homes near to their office, yet would like to have affordable living at the same time. Let’s take you through the roads of Neotown to help you know the place better.
How to reach Neotown?
Reaching this place may pose a challenge for those who don’t own a personal vehicle. Since it is a bit disconnected from the city, BMTC buses don’t ply here. The nearest bus stops are the Electronic City bus stop and Infosys Gate 1 bus stop. From these bus stops, you will have to either hire a cab or you may have to walk the entire 3+ kilometers, if you don’t own a personal vehicle.
There is just a single road that leads to Neotown from Electronics City. The Neotown Road can be easily located and takes you straight to a number of real estate projects, without diversions.
How good is the neighbourhood?
Neotown as a place is just adjacent to Electronic City– the world’s IT outsourcing capital. This kind of gives an advantage to the place as the proximity that it enjoys to many corporate offices makes it an ideal location for working professionals. It also brings the residents of this place closer to various amenities that exist in Electronic City. Let’s dive deeper into the finer aspects.
With Electronics City just 1 kilometer away, it is not difficult to imagine how close the campuses of various companies are to this place. The residents of Neotown get easy access to more than 300 big and small companies in the vicinity. Wipro, Siemens, HP, HCL, Schneider, Tech Mahindra, CGI, Bosch, Cyient and many other companies are just a few kilometers away. Infosys Limited has its world headquarters just 2 kilometers away. This is the reason why Neotown is also famous with undergraduate students, as it is easy for them to appear for interviews in companies.
Neotown is famous with students also because there are a number of reputed educational institutions in the vicinity. Symbiosis Institute of Business Management is around 1 kilometer away from Neotown. Moreover, International Institute of Information Technology is also 2 kilometers away. Management colleges like Xavier Institute of Management Education (XIME), ISBR and IFIM are also close to the upcoming township.
Neotown is also close to some famous medical centres. Narayana Hrudalaya, which is termed as one of the best hospitals in Bangalore, is approximately 5.5 kilometers away and it takes only 15-20 minutes to reach the hospital. St. Johns Hospital is 16 kilometers away and can be reached faster through Hosur Flyover.
Neeladri Nagar is a locality that is another residential hub for IT professionals. And facilities galore at Neeladri nagar. Residents of Neotown have a quick access to Neeladri Nagar. A number of fashion retail brands, like fabIndia, are in Neeladri Nagar.
Eating joints like Barbeque Nation, Moriz and Biryani House have their outlets here. The locality is quite bustling with people all the time and this makes Neotown even better option for residence, as it is snuggled a little far from hustle-bustle of city life and lets residents get absorbed in serenity.
What about the civic amenities?
Neotown, at present, may disappoint you a bit on this front. Though the area is fast developing, yet you won’t find parks, recreation centers, theater, shopping areas etc. in the township. The nearest mall is The Forum, which is around kilometers far. The same place has the nearest theater to Neotown. While plying on the Neotown Road, all you will come across are real estate projects, vacant lands, a few small shops scattered over the area and a lot of sand.
Thriupalya Lake and Hebbagodi Lake can be a respite for those who want to be close to nature.
However, as the real estate projects come up and buyers begin to possess their property, one can be sure of witnessing these civic amenities coming to existence.
Which real estate projects are coming up?
Talk of real estate projects in Neotown and we can habd you over a long list. Prestige Sunrise Park is coming up fast right where Neotown begins after Electronic City. Moreover, Shriram Summitt is also coming up in the vicinity. One can find the beautiful towers of Aratt Requizza standing at Neotown with some of the apartments already under possession.
GM Infinite E-city Town is one of the most brilliant real estate projects that have come up at the far end of Neotown. GM Infinite Global Techies Town is also set to be completed by 2020.
GM Infinite projects are joined by already possessed apartments in Smondoville and Smondo 2.0. The view of the tall towers dominating the skyline is just next to magnificent. A 360 degree view of the place will acquaint you with a large number of real estate projects that are coming up at the place.
Do we have IT parks nearby?
GM Infinite township at Neotown is also expected to have a business park. The building is already in place and a single view of the structure is enough to spellbind people. With the area fast developing, it can be expected that many big and small companies may set up their offices at Neotown.
Electronic City’s IT parks are also very close to Neotown. This gives an advantage to the working professionals as the Neotown Road hardly faces any traffic jam. In the wake of maddening traffic jams across Bengaluru, this attribute of Neotown comes no less than a blessing.
What is the pricing of real estate projects?
The prices of the real estate projects vary from project to project. In general, the prices may vary from 22 lacs to 87 lacs. Neotown is a place that can offer homes to everyone, from budget-concerned people to even the elites.
What is the USP of Neotown?
The USP of Neotown is its proximity to the IT hub of India. Since a large number of companies have their offices just round the corner, working professionals will definitely love the place. Neotown also looks like an extension of Electronic City and will certainly have modern civic amenities in the near future.
Absence of traffic jam and profound serenity all around makes Neotown an even better option than many others at hand. Looking at the pace of developments happening at Neotown, one can expect price appreciation of the projects very soon.
What are the concerns?
The first concern is the lack of connectivity to the place. BMTC buses don’t ply here. Moreover, even cab drivers are reluctant to provide services in this place, since they usually don’t get passengers on the way back. People often rely on local auto-rickshaw drivers.
BBMP has not brought this area under its jurisdiction. So, civic amenities may not be provided by BBMP anytime soon. However, even Electronic City is a township under ELCIA. If Neotown adopts a similar approach, then the situation may not be as worse as some may fear.
Security can be a concern at Neotown. Although all residential projects are gated communities, yet policemen are hard to find here.
Overall, Neotown is a good place to purchase property. The prices are low at present. However, with the ongoing developments, the prices will certainly rise. The gaps that exist right now are slowly getting filled. It is not hard to imagine a developed township coming up right next to Electronic City in a matter of few years from now.