Apartments in electronic city

Posted by sreenu vasu on February 29th, 2020

Mahendra Homes has the perfect solution for you . Mahendra Aarna has over 744 apartments, across 6 towers and 3 blocks. It also has a good mix of spacious 2, 2.5 & 3 BHK flats. Electronic City  our very own I.T capital has been a residential investment hotspot for many years now and has witnessed the launch of several  2 and 3BHK apartments  in electronic city. What was initially started as a manufacturing hub has now been converted into an I.T hub housing several multi-national companies like Infosys, Wipro, etc along with several educational institutions, hospitals and shopping malls. All this and several other factors have resulted in a huge demand for residential investment in the area  thus leading to a surge in the development of several projects  in Electronic City, phase-2. To know more, read on!

Connectivity

Electronic City is extremely well connected and the connectivity is constantly upgraded thus making it ideal to invest in projects in electronic city  Phase-2. The area is located on NH-4 connecting Chennai and Bangalore and has an expressway and 6 lane roads as well to increase its accessibility.  The upcoming Silk Board Flyover would reduce the traffic jams in the area and make the commute a lot easier to the residents. This, along with the development of Namma Metro Line 3 will improve connectivity to a huge extent. Additionally, the upcoming Hosur Airport is just 27km away and the opening of the elevated highway to Silk board has made travelling all the more easier.

High Rate of Return

When, it comes to home buying, Electronic City has the highest demand in the corridor and investors can expect rental returns of 4-5%. Electronic City has the highest demand not just for home buying but for rental as well with a demand of about 46% owing to its proximity to work locations such as Electronic City Phase-1, Infosys and Wipro Campus. 2 and 3 BHK apartments in electronic city  are the most preferred for home buying as well as rental followed by 3BHK. Hence it would be wise to invest in a 2BHK or 3BHK flat in electronic City. The area is also one of the few areas to have witnessed a rise in price over the past year.

Location

It is a known fact that Electronic City is an I.T hub comprising of several multi -national companies. Some of them include Hewlett Packard, Siemens, Infosys, and Wipro, etc thus offering various career growth opportunities for working professionals. This is a major reason behind the demand in the projects in electronic city phase-2. 

Infrastructure

The area is ideal for people of all age groups as it is not just near to the I.T companies but also to educational institutions, hospitals and shopping malls thus leading to an exponential growth in demand for the projects in electronic city be it a 2BHK or a 3BHK flats for sale in electronic city.

To conclude, Electronic City has been a haven for residential investment and continues to see an increase in demand due to its ever increasing connectivity, it being an I.T hub and various other factors discussed above. The apartment prices are also comparatively lower and reports show that it is the only corridor that has seen a growth in returns. If you are planning to invest in an apartments in electronic city, book a visit to Mahendra Aarna which is definitely one of it’s kind.