Electronic city is the IT hub of India, situated in the Anekal taluka, of Bangalore. It is one of the largest electronic industrial parks, spread over 800 acres. It consists of three phases- Phase I, II and III respectively. Electronics city was the brainchild of R.K.Baliga, the first chairman and MD of Keonics, Karnataka Electronics. He dreamt of making Bangalore the Silicon Valley of India when he developed the concept of Electronic City. Today it is the outsourcing capital of India, a dream come true.
Development- It houses about 200 IT/ITEs companies; it is a fast developing area. Nasdaq-listed information technology firm Cisco has entered into an agreement with Electronics City Industrial Association [ELCIA] to transform Bangalore’s Electronic City into a smart city. Under the ‘strategic agreement’ Cisco will help in making Electronic city as Asia’s first end-to-end internet of things [IoT] innovation hub.
Why E-city is on the top of the list in realty?
Electronic city has a few unique features which indicate that it will remain a hot spot for real estate for a long time. Some such factors are:
Large tracts of land – Unlike many real estate hot spots E-city is a well-planned township, conceptualized as an electronic manufacturing hub it became an IT hub which does not require a lot of land. There is a lot of potential which can be tapped on.
Growth in mid-income housing- Though there are a lot of villas and luxurious property in bangalore, the mid income housing is also fueling a lot of construction. Developers are building 1BHK flats with fewer fringes, to make housing affordable.
Ever increasing connectivity- There are highways and there is the 10km long elevated highway which connects it to various other parts of the city. The Metro Phase II work is also transforming the transportation network of the city.
Smart city project- E-city is also the testing ground for the government’s smart city project. A smart city will allow citizens to connect to the public utility systems using Wi-Fi.
Commercial hub- E-city has become the commercial hub housing many big companies and it is also becoming an auto-showroom hub. There is a great demand for commercial real estate.
Malls, Shopping arcades, Pubs, Hotels, Eating joints, Multiplexes all the facilities are available. E-city has good educational institutes and Medicare. It is fast emerging as a top hotspot in the Bangalore real estate market.
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