Top 5 Affordable areas to Buy Residential Property in Bangalore

Electronic City : Electronics city is located in the South East of metropolitan city. It is one of the Bangalore’s largest IT hubs which houses hundreds of major IT/ITEs, BPO and multinational companies. It has three phases namely Phase I, Phase II and Phase III. The residential property prices in Electronics city are low when compared to other residential areas due to few reasons.  The area is witnessing maximum supply of residential property at affordable price as compared to other IT hubs in Bangalore like Whitefield, Manyatha and Uppendra manchappa , electronic city is well developed with mid segment housing.

In current market, IT professionals are also showing interest to opt mid level housing this is the major factor for the increase in affordable housing projects. Good connectivity to prime locations, well developed infrastructure, well planned and strategic location and frequency of BMTC and BIAL buses and planned network are the main factors that contributed to the boost of residential projects in this area. The locality offers various property types varying from multistory apartments to residential plots.  As per the recent data, the average property values in Electronic city phase I range between 3000 to 4200 per sq ft and Electronic city phase II range between 2700 to 3700 per sq ft.  

Location advantages:

1. It is one of the largest IT hub in Bangalore, housing major companies
2. There is a rich mix of reputed educational institutions, medical facilities, malls and markets.
3.  Elevated highway which joins silk board junction to electronic city
4. Just 30-40 mins of time to reach heart of Bangalore

Educational Institutions:

International Institute of Information Technology Bangalore, ISBR Business School, TREAMIS World School, Christ Academy, Candor International School, Red Bridge International Academy and many.

Hospitals:

Rama Krishna Health Care, Apollo Hospital, Blossom Multi specialty Hospital and many.