Has the Electronic City area already saturated or is there still a scope for appreciation for land or flats?
Every homebuyer who plans on investing in an apartment in Bangalore is met with the question of if the area has become saturated? Is there going to be an opportunity for an appreciation in the property’s prices? Or are you getting yourself a bad deal? All these questions can be pretty intimidating especially for a first-time homebuyer and can confuse you even further. You are bombarded with so much information that makes the decision making all the more confounding. Worry not! For, we are here to help clear your confusion.
Electronic City is one such area that is hard to get saturated as it is constantly upgraded keeping in mind that it is the I.T hub of the city. Every day, a new start-up or an MNC is mushrooming in the area. The government is constantly on the move to ensure that the infrastructure is top-notch. This is why work is being speeded up on the Namma Metro Line to help ease your traffic woes. All these factors are leading to a huge demand for ready to move flats in Electronic City as they would lead to an appreciation of the property’s prices in the coming years.
This would also help increase your property’s price in the future. The Karnataka Government has Okayed the 1200 crore peripheral Road Project. As part of this project, a 65km road will be built to decongest the present roads and improve connectivity to Electronic City, Sarjapur and Kempegowda International Airport, etc. This will be a boon to those who have invested in the apartments in electronic city Bangalore. Also, as per the In site Report for Jan-March 2019, the average capital values of apartments in electronic city have increased by almost 7 percent and stand at approximately 4600sqft/. The rental values are growing at a good pace with rental returns ranging from 4 to 5 percent. Apart from these factors, several renowned educational institutions like Treamis World School and Vibgyor High School have sprung up along with hospitals like Narayana Hrudyalaya. A new mall namely M5-ECity is also in the offering. All this goes to show that Electronic City is far from being saturated.
To cope with the increasing demand for the area, several properties have sprung them. One of the noteworthy properties in Bangalore is Mahendra Aarna which is sprawled over 9.2 acres of lush greenery. With more than 40 unique amenities, it is a dream for many homebuyers. An infinity swimming pool, several sports courts, gym, children’s play area, old people’s corner, pet zone, etc. are just some of them. Their love for open spaces and greenery guarantees you a home that you would look forward to after work. Zero wall sharing and private terrace gardens provide the privacy of an independent house coupled with the safety of a flat. Mahendra Aarna flats are RERA approved and have a reputation for delivering flats within the promised deadline to book a visit.
Call Us : 7676764466