Godrej E-City Phase 3- Project Overview

Project Snapshot: Godrej E-city is a low rise residential construction being developed by Godrej Developer, located at Electronic City Phase-1, Bangalore. The elegant project offers 1, 2 & 3 BHK configuration designed for a smart and comfortable living. Currently under construction, Godrej E City apartment sizes ranges from 638 sqft to 1,652 sqft and is expected to be ready next year end.

Launched in 2012, the overall project is being developed in an area of 15 acres and encompasses a total of 860 units. The project is equipped with a range of amenities such as gymnasium, swimming pool, tennis court, squash, health club, landscaped garden and party hall etc.

 

When launched the project was priced at INR 3,300 per sqft, however thanks to the trusted brand name of Godrej and the elegant design of the development, the project has experienced an appreciation of over 30% in the last two years and is presently priced at INR 4,300 per sqft, which puts in the higher bracket, when compared to numerous other properties in the location such as Krishna Gold Fields, Concorde Group Tech Turf, Concorde Group Epitome and Prestige Birchwood.

 

Location Analysis

The project is located in Electronic City Phase-1, and enjoys a close proximity to NICE road and elevated expressway on Hosur Road. Additionally major junctions such as Sarjapur / ORR and Silk boards etc. are easily accessible through the well-developed road network. Thanks to the close proximity of most of the major IT/ITes/Industrial work places like Infosys, Wipro, TCS, HCL, Bomassandra industrial area and Sipcot Industrial area, the location is touted for being situated inside a vibrant economic landscape. Its closeness to the major IT companies and other industrial areas make it a suitable accommodation option for professionals working in these areas.

Coupled with the economic significance of the location, it is also at a center stage of vibrantly up- swinging social infrastructure. The project involves a slew popular schools, restaurants and hospitals. Not to mention banks, ATM and bus stations. Some of the prominent schools in the nearby vicinity are Delhi Public School (DPS), Ebenezer International School, Treamis World School and Indus International School. Metro is also expected to enter into electronic city in phase II, which will further add value to the location.

  • Distance from Major Landmark

Expected Appreciation

Large volume of IT and ITes companies are in close vicinity of the project, makes it a suitable option for individuals working in these companies. A robust IT industry integrated with a rapidly evolving residential market has also resulted in a vibrant social and retail infrastructure in the form of plethora of schools, hospitals, colleges, restaurants and retail outlets, thereby adding further value to the location.

As mentioned above the price of the project has appreciated by 30% in the last two years. In the coming time on the backdrop of the economic significance of the location integrated with robust social infrastructure the present prices are expected to be rise with rate of 13-16% annually- according to the estimates made by the Kin Housing research team.

3 Reasons to Invest in Godrej E-City

Mentioned below are 3 reasons to invest into the project

  • High appreciation expected in the coming time on the backdrop of rise in IT companies, retail and residential activities.

  • Trusted brand name of Godrej.

  • In close proximity to the vast IT space of Bangalore and hence will be preferred by individuals working over there. It also has Powerful retail and social infrastructure along with upcoming infrastructure projects.

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