Top Selling Projects for Electronic City
Bangalore's Electronic City is home to some of the most sought-after real estate projects in the city. Here are the top selling projects by value that you should know about:
1. Shriram Summitt: With a current rate of ₹4,596 and a sale/rent value of ₹131 Cr, Shriram Summitt is one of the most popular projects in Electronic City. It has seen a recent change value of +₹148, making it a great investment option.
2. Gopalan Lake Front: Another popular project in the area, Gopalan Lake Front has a current rate of ₹5,784 and a sale/rent value of ₹121 Cr. It has recently seen a change value of +₹114, making it a lucrative investment option.
3. Ajmera Nucleus: With a current rate of ₹5,036 and a sale/rent value of ₹56 Cr, Ajmera Nucleus is a great option for those looking for a mid-range investment.
4. Godrej Nurture: Another mid-range project, Godrej Nurture has a current rate of ₹5,390 and a sale/rent value of ₹54 Cr. It has not seen any recent change in value.
5. Mahendra Aarna: With a current rate of ₹5,161 and a sale/rent value of ₹51 Cr, Mahendra Aarna has seen a recent change value of -₹28.
6. Kolte Patil iTowers Exente: With a current rate of ₹5,840 and a sale/rent value of ₹49 Cr, Kolte Patil iTowers Exente is another top selling project in Electronic City.
7. SV Grandur: With a current rate of ₹3,913 and a sale/rent value of ₹47 Cr, SV Grandur has seen a recent change value of +₹372.
8. VRR Golden Enclave: With a current rate of ₹6,141 and a sale/rent value of ₹29 Cr, VRR Golden Enclave has seen a recent change value of +₹819.
9. Godrej E City: With a current rate of ₹5,709 and a sale/rent value of ₹20 Cr, Godrej E City has seen a recent change value of +₹158.
10. Shanders Enclave: With a current rate of ₹5,013 and a sale/rent value of ₹15 Cr, Shanders Enclave has seen a recent change value of +₹582.
If you're looking to invest in real estate in Electronic City, these top selling projects by value are definitely worth considering.
Summary For Electronic City
Location Summary: Electronic City
Electronic City is a fast-growing locality located in the southern part of Bangalore, Karnataka. It is well-known for its IT industry and is home to several IT companies, such as Infosys, Wipro, and Tech Mahindra. The area also has several residential complexes, making it a popular choice for professionals working in the IT sector.
Rental Rate: The current rental rate in Electronic City is ₹ 25 per square foot.
Sales Transactions: In the past year, there have been 4,033 sales transactions in Electronic City.
Gross Sales Value: The gross sales value of real estate in Electronic City is ₹ 1,646 crore.
Current Rate/Sq.ft: The current rate per square foot in Electronic City is ₹ 4,751.
Overall, Electronic City is a promising location for real estate investment due to its growing IT industry and increasing demand for residential properties.
Price Trend For Electronic City
Location Sales Trend: Electronic City
Electronic City is a popular locality in Bangalore, known for its IT parks and residential areas. The location has been witnessing steady growth in real estate sales in recent times. Let's take a closer look at the sales trend in Electronic City.
Average Rate/Sq.Ft:
The average rate per square foot in Electronic City has been on a rising trend over the last few quarters. In Q1'22, the average rate per square foot was at 4751, which saw a slight dip to 4454 in Q2'22. However, it picked up again in Q3'22 and Q4'22, with rates of 4472 and 4676 respectively. The trend is expected to continue in Q1'23, with an estimated rate of 4925 per square foot. This indicates a strong demand for real estate in Electronic City, making it an attractive investment destination.
No of Transactions:
The number of real estate transactions in Electronic City has been relatively stable over the last few quarters. In Q1'22, there were 615 transactions, which reduced slightly to 587 in Q2'22. However, it saw a significant increase in Q3'22, with 672 transactions and a sudden drop to 447 in Q4'22. The trend is expected to rebound in Q1'23, with an estimated 637 transactions. This indicates that despite the pandemic situation, there is a consistent demand for real estate in Electronic City.
Conclusion:
The sales trend in Electronic City appears to be on an upward trajectory, making it a promising location for real estate investment. The average rate per square foot has been steadily rising, indicating a strong demand for properties in the area. Moreover, the number of transactions has been stable, indicating a consistent demand for real estate in Electronic City. Overall, Electronic City seems to be a promising location for real estate investors looking to invest in Bangalore.
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