Overview of Electronic City Phase 1, Bangalore

Electronic City Phase 1 in Bangalore is a highly sought-after locality, especially revered for its prominent role in the IT sector.

Location and Connectivity

• Found in south Bengaluru, Electronic City Phase 1 is surrounded by Electronic City Phase 2, Doddathoguru, Bettadasanapura town, and Shikaripalya town.
• It is easily accessible via Hosur Road, the Electronic City flyover, and the NICE Ring Road, offering convenient links to other parts of the city.

Real Estate Pricing

Flat Prices

• The average flat pricing in Electronic City Phase 1 hovers around ₹ 6,000 per sq ft, varying from ₹ 4,150 to ₹ 9,150 per sq ft.
• For BHK configurations:
  • 1 BHK: ₹24.02 lakhs - ₹68 lakhs
  • 2 BHK: Generally ranges between ₹40 lakhs and ₹1.2 crore.

Land Rates

• The land costs range from ₹ 3,200 - ₹ 11,900 per sq ft.

Builder Floor Prices

• Builder floor prices span from ₹ 4,350 - ₹ 7,150 per sq ft.

Property Types and Demand

Types of Properties

• The area features mixed residential options, including apartments, plots, and villas:
  • Apartments: High 57% demand, yet a slight 54% supply
  • Plots: Lower demand 9% but higher supply at 24%
  • Villas: 32% demand and 8% supply.

BHK Configurations

• 1 BHK: Low 9% demand, really low 2% supply
• 2 BHK: In-demand 36% yet fairly abundant 67% supply
• 3 BHK: Considerable demand 41% with lesser supply 21%.

Rental Market

Rent Prices

• Monthly rent differs for BHK categories:
  • 1 BHK: ₹ 7,000 - ₹ 28,440
  • 2 BHK: ₹ 17,800 - ₹ 47,200
  • 3 BHK: ₹ 25,400 - ₹ 53,800
  • 4 BHK: ₹ 68,100 - ₹ 69,900.

Amenities and Infrastructure

Schools

• Several educational institutions nearby: Oriental Public School, Sujana Vidhya Mandira High School, and Samsidh International School.

Hospitals

• Nearby hospitals include: Motherhood Hospital, E City Hospitals, Sri Laxmi Hospital, and Kauvery Hospital.

Public Transport

• Bus stops accessible via Teknic, Bhel, Wipro Gate Shikaripalya Cross, and Siemens are all within easy reach.

Gyms and Fitness Centers

• Many fitness centers such as: Moments Fitness Hub 2.0, Sun Fitness Gym, and Plej Fitness exist.

Restaurants and Supermarkets

• Various dining choices such as: Citrus Cafe, Republic Of Noodles, and Paradise Biryani.
• Supermarkets nearby such as: Dream Mart, AK Mart, and Sunshine Super Market.

Investment and Price Trends

Price Appreciation

• Flat rates have appreciated by 6.3% over the past 3 years, 10.2% in 5 years, and 88.9% in 10 years.
• Land rates have risen 71.7% in 3 years, climbed 35.5% in 5 years, and surged 221.9% in 10 years.

PropertyWala's Conclusion

Electronic City Phase 1, Bangalore, is an appealing choice for buyers and renters, thanks to its strong IT framework, superb connectivity, and myriad amenities. It offers diverse residential options, including apartments, plots, and villas, catering to different budgets and tastes. With considerable appreciation in prices over time, investing here could be profitable. However, it’s wise to take into account market trends and personal needs before choosing.