Prestige Southern Star Electronic City
Prestige Southern Star in Electronic City is a 42-acre residential project by Prestige Group. Electronic City was developed as hub for electronic and IT companies. The project offers 2 to 4 BHK apartments ranging from 975 to 2450 square feet. The builder has applied for RERA approval, and the number will be shared once approved.
Electronic City is a well-known neighborhood in South Bangalore, which houses major MNCs and employment centers. Prominent companies in the area include Tech Mahindra, Wipro, and Tata Consultancy Services.
Bannerghatta Road, NICE Ring Road, Hosur Road, and Outer Ring Road connect the neighbourhood to the rest of the city. The metro line is also being extended to improve connectivity between Electronic City and the rest of the city.
Prestige Southern Star Electronic City is in a prime position with good access to all parts of the city. The project is a great choice of investment because of its strategic location. The demand for real estate in the locality are rising rapidly.
Is Electronic City good for investment?
Investment in Electronic City has numerous advantages as it is one of the most developed tech hubs in India with 5.2% property appreciation a year. It is a hub of innovation and growth.
- Connectivity: South Bangalore neighbourhoods like Madiwala, Koramangala, Bommanahalli and the HSR layout are connected to the locality. The area has easy access to the airport, the city's Central Business District, and the suburbs via the Silk Board, Electronic City, and NH44 flyovers.
- Blooming Infrastructure: The neighbourhood is is home to numerous global enterprises and IT companies. The area has witnessed significant growth in the last few years, such as Namma Metro Yellow Line extension, widening of roads and flyovers.
- Price appreciation: Property prices in Electronic City have appreciated by around 26% over the last five years. The average property price is around Rs 5,600 per sq ft.
- Growth in real estate: Properties in Electronic City are more reasonably priced than in other parts of Bangalore, which makes it a good place to invest.
- Rental yields: The area has a thriving job market which offers a rental yield of 5% increase every year.
Investors who expect great gains in the future will find Prestige Southern Star to be a fantastic alternative. The steady demand for residential real estate in Electronic City ensures a high resale value over time.
