Bangalore, the capital of the Indian state of Karnataka, is a thriving metropolitan city with one of the most populous urban agglomeration in India. It is also referred to as the "Silicon Valley of India" (or "IT capital of India") because of its predominant role as the nation's leading information technology (IT) exporter. No wonder then that the city is witness to upbeat real estate developments across all sectors of life and living.
The big conglomeration of highly educated populace is only getting bigger by constant influx of technocrats and IT professionals, which, concomitantly has fuelled the demand for residential apartments and living spaces in this city of Bangalore. Demands for residencies are generally centered on Luxury Residential, Mid-Income Housing and Affordable Housing. Thanks to the multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure, currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and North Bangalore.
Inside Bangalore, however, the area most in demand is the Electronic City – an IT-dominated industrial park with great USP’s such as 300 IT/ ITES companies employing thousands of people. Extensive choices, superb location, excellent transportation network and smooth projected infrastructural expansion are some of the key highlights of this region. Thus, it is no surprise that several top developers are coming up with top-notch residential projects in this most vibrant location of Bangalore.
Talking of some specific projects that are prominently coming up in Electronic City, we may mention Godrej E-City Phase 3 by Godrej Properties, MJR Clique-Hercules by MJR Builders, and Kolte Patil iTowers Exente by Kolte-Patil Developers.
Godrej E-City Phase 3 is a low rise development which is spread over 5 acres. With close proximity to NICE Road, it makes it one of the best locations for the vibrant and outgoing people of Bangalore. Economic development has been the most in this area and with the industries in Sipcot Industrial Area, it makes one of the best investment options.
MJR Clique-Hercules is located in Electronic City Phase-I at Neotown Road and offering apartments near top educational institutions along with hospitals and social infrastructures, makes it the cynosure of all eyes.
Kolte Patil iTowers Exente Electronic City with possession date in Dec 2020, and the total project area spread in 15 acres with 5 towers and 438 units made according to the master plan of the city and matching the standards of luxury residential projects, is another most sought after projects in the city of Bangalore.