Concorde Tech Turf

Electronics City Holds Potential for Buyers & Investors

South Bangalore has witnessed growth of a number of localities on the real estate front. Some of the rapidly emerging residential extensions like BTM Layout, Uttarahalli, Bellandur, Electronics City and Hosur Road have become the hub for corporate activities of late. Among such locations, Electronics City has been benefitted a lot owing to the establishment of MNCs and IT companies, better infrastructure, planned connectivity and commercial developments.

Location advantages

Improved connectivity between localities like Bannerghatta Road, Electronics City and Kanakapura Road via the Nandi Infrastructure Corridor Enterprises (NICE) Ring Road has been a precursor for promoting residential growth across these locations, and has reduced the travel time significantly.

Besides, the construction of the elevated expressway starting from the Silk Board Junction to Electronics City has helped the residents to enjoy the reduced travel time between Electronics City and the area around the Hosur Road. Some other very important point to be mentioned here is the upcoming metro line to Kanakapura Road, which will further make this micro-market more attractive as a viable residential destination.

Apart from good connectivity to the important city centers, improving social infrastructure and availability of land parcels at prices better than in the main city have catered the demands coming from the mid income homebuyers.

Launch of New Projects

Ensuring an outstanding balance of ultramodern lifestyle, Electronics City offers some quality residential projects to the buyers. With excellent future prospects and a well-knitted neighborhood, a number of buyers and investors consider investing in Electronics City. Take a look at such available residential options.

Concorde Tech Turf

Concorde Tech Turf is a premium residential project coming from the house of renowned builder, Concorde Group. This project is being launched in Electronics City, Bangalore. This premium residential project is spread across 1.26 acres of land and will boast of 148 flats available in the configurations of 2 and 3 BHK units. These apartments are available in the construction area range of 910 - 1499 Sq. Ft., at

prices Rs. 34.58 lakh to Rs. 71.95 lakh. Concorde Tech Turf will be ready for possession by February 2016.

Triaxis Prakruthi Solitaire Phase II

A promising residential project in Electronics City, South Bangalore is Triaxis Prakruthi Solitaire Phase II

by Triaxis Colonnades, which boasts of 2 and 3 BHK apartments equipped with all sort of ultramodern amenities. It is a new launch project available in the varying sizes of 1250 - 1827 Sq. Ft., and the budget for these properties is Rs. 41.25 lakh to Rs. 59.4 lakh. Prakruthi Solitaire Phase II is spread over 4.2 acres of land and the possession is due in March 2015.

Expert speaks

Ram Chandnani, Deputy Managing Director, Commercial Real Estate Services (CBRE), South Asia, informs that Electronics City has been the game-changer for south Bangalore, where both the residential and commercial developments are triggered by the entry of some large IT giants in the micro-market.

Conclusion

The outskirt locations of Bangalore have driven the residential segment of the city largely. Affordable homes are available in these fringes of the city. Currently, the market is dynamic and is attracting a large number of by first-time homebuyers. Invest now and gain returns later.

Rashmi Karan is a professional writer who writes about the realty industry of India and focuses on offering location-specific information of the cities. She also offer solutions for the real estate related queries.