Q: Dear Sir/Madam, Pls. advise regarding investment in ELECTRONIC CITY PHASE-1-BANGALORE. The purpose is purely investment and exiting after 3-4 years.
Electronic city is a great place to live in. The infrastructure is really great here, be it the 10km exclusive elevated expressway to connect directly to the city center, and the 6-lane NICE Ring road to connect it to the fast developing suburbs of Bangalore.To add, the metro yellow line work is fast progressing in ecity area, which will connect the are to the metro network. The Peripheral ring road work also is planned. The good thing about electronic city is its social infrastructure, the are boast of having the finest heart hospital in the country, the Narayana Hridayalaya and Narayana health city. Other hospitals within 30 mins drive are Appollo Hospital and Fortis Hospital, both are accessible vis NICE road. The area also have some of the finest schools in Bangalore like Delhi Public School, Tremis world School, Ebenezer International school and Vibgyor to name a few.
The rent of a 2 bhk apartment will be some where around Rs 10,000 to Rs 15,000 approx. But if you are look for a premium properties they will cost high rentals.
You can expect good appreciation in Ananthnagar, in another two years may be, as the area is developing but in electronic city appreciation is dwelling high on every quarter. Secondly, one can expect good rent in EC Phase I as 75 percent of IT guys stays at Phase 1.
If you are looking for a short term invest I would advice you invest in EC Phase I as the area is already developed and all big and branded builder already have their presence in Phase I. But if you are looking for a long term investment you can consider EC Phase 2 as the area is still in developing stage. Once the proposed PRR gets functional you can expect a good return from Phase II.