Bengaluru has been featuring increasingly in the list of preferences for those who wish to and this has turned many key areas across the city into real estate hubs, and Electronic City tops the list here. Divided into four phases, Phase I is located next to , while Phase II is located to the east of Phase I and Phase III is located to its west.
E-City was originally planned by KEONICS (Karnataka State Electronics Department Corporation Limited) in 1978. Spread over 320 acres of land, E-City is divided into four phases. While Phase I and Phase II are complete, Phase III development is on-going and Phase IV land acquisition is still underway.
E-City is Bengaluru’s first smart city. It is currently maintained by the Electronic City Industries Association and home to several MNCs including IT/ITES companies (Wipro, Infosys, Siemens and Intel), manufacturing companies (GE Power Tools and Tata Power), biotech companies, residential projects, educational insitutions, malls, entertainment parks and healthcare services.
Since it is the government’s first smart city project, is expected to have intelligent systems powered by Cisco. A smart city will enable its residents to connect to various public service utilities using Wi-Fi.
· Mid-income housing prices – Rs. 2,800 to Rs. 5,000 per sq.ft
· Average price per sq.ft – Average of Rs. 3,700 per sq.ft
· Average rent for a 2BHK apartment – Rs. 15,000 to Rs. 20,000 per month
· The average price of flats in Electronic City is INR per sq. ft. Likewise for plots and villas is INR per sq. ft.,INR per sq.ft respectively
E-City is located off Hosur Road, and has good means of connectivity to Bengaluru city. The 10 km elevated expressway connects E-City to Bengaluru city. It is 9 km away from Silk Board Junction in Madiwala. Neeladri road connects E-City to Bannerghatta IT hub, while NICE Road and allows easy connect to E-City. Bangalore Metropolitan Transport Corporation (BMTC) provides great connectivity to Kempegowda International Airport, which is about 52 kms away and Bangalore City Junction Railway Station that is about 24 km away. BMTC also provides frequent buses to various points in the city to E-City. The nearest railway stations are Heelalige Railway Station and Carmelaram Railway Station, and they are 5.8 km and 11.8 km away respectively.
Namma Metro Phase II is currently underway and will increase connectivity between E-City, E-City Phase I, Hebbagodi and Huskur Road. Phase II Metro is 72.1km long and is an extension of all major points in Phase I and has two additional lines for enhanced connectivity.
Over the past few years E-City has developed into one of the most preferred residential areas in Bengaluru. The fundamental reason for this is the fact that E-City has good schools, reputed hospitals, large malls and entertainment centres, all at close proximity. Commercial centres have grown exponentially alongside important roads such as Doddathogur Road. Here are some of E-City’s popular landmarks:
· Manhattans Park
· Electronic City Police Station
· International Institute of Information Technology
· ISBR Business School
· Symbiosis Institute of Business Management
· Infosys Golf Course
· Crowne Plaza
E-City’s well-developed infrastructure and excellent connectivity offer prospective buyers a chance to make a lucrative investment.
Article written by :Nisha Achuthan
Nisha is a content strategist who eats, sleeps and breathes marketing. She is an avid follower of real estate news and is fascinated by all things architecture