Property in Electronic City Phase 1
Electronic City Phase 1, Bangalore
Electronic City Phase 1
Electronic City Phase 1 is located around 18 kilometers from Bangalore central via the Hosur Road. The town was established by Karnataka Electronics (Keonics), a pioneer in information technology infrastructure development. The locality is spread over 332 acres (1.3 km) and is one of the largest Electronic Industrial Parks of India. The region was developed in three different phases i.e. Phase I, II and III and is surrounded by Mico Layout, HSR Layout, Kammanahalli, Bommanahalli and Bilekahalli.
Electronics City is home to some of the Indias largest IT/ITES conglomerates like Wipro, Tech Mahindra, Hewlett-Packard, Infosys, HCL Technologies, Patni Computer Systems, CGI, Siemens, Genpact, Intel and Tata Consultancy Services. A major business hub with well-developed infrastructure, Electronics City has developed into a popular commercial and residential area.
The area is well-connected to other major localities in Bangalore via road, rail and air. The Electronic City Phase 1 is linked by a 9.985 km National Highway (extensive elevated highway in India) which connects it to the Silk Board. The region is served by Metropolitan Transport Corporation buses (BMTC) and International Airport Ltd (BIAL) buses and is about 22 kilometers from the Kempegowda Bus Station ( Station). The City Railway Station is 22 kilometers from Electronics City while the International Airport is 21.5 kilometers away via the Electronic City Phase 1 Flyover and Hosur Road.
The Metro rail line from the RV Road to Bommasandra is under construction which will further boost the connectivity in the region. This metro line will have 16 stations with two stations for Electronic City Phase 1.
Electronics City houses many renowned schools and colleges such as Valley high school, Candor International School, Vibgyor High School, Symbiosis institute of Business gement, ISBR Business School, International Institute of Information Technology , IZee Business School, Nitte Institute Of Technology and Institute of Bioinformatics and Applied Biotechnology.
Shopping Malls & Hospitals
Electronics City houses various hospitals such as Vimalalaya Hospital, Hospital, Swamy Trauma Centre & Maternity Hospital, Srujana Hospital and The Apollo Clinic.
The Neo Mall, Total Mall, Spencers Hyper Mart, Gem and D-mart are some of the famous malls located around Electronics City.
Real Estate in Electronics City
The presence of well-known IT/ITES companies and prominent surrounding areas have made it popular choices for real estate developers. Currently, there are 86 ongoing projects in Electronics City and 31 projects are due for possession in 2014. Some of the key projects in the area are Smondo 4 by Realty, Sunrise Park and Casabella by Group, Stone Park by Group, Bren Woods by Corporation and Spencer by Radiant Group. The sizes of apartments range from 435 sq.ft. to 3,899 sq.ft.
The average property price in Electronics City is Rs. 3,300 per sq.ft., with the minimum and maximum property price being 2,100 per sq.ft and 5,400 per sq.ft respectively.
Property rates in Electronics City have risen by upto 55.0% in last 6 months.
Some of the recently launched projects in Electronics City, that you might be interested in, are Veneto, Green Ville, Homes.
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