Bengaluru is known as the ‘Silicon Valley’ of India because of its role as the nation’s leading information technology exporter. The city, with its pleasant climate year through and high end civic amenities, has become the home of some of the leading IT companies in the nation as well as from abroad.
Spread over 332 acres in the panchayat town of AnekalTaluk, Electronic city is the brain child of R.K Baliga, fomer MD of Keonics ( Karnataka Electronics). It has developed in three phases; Phase I, Phase II and Phase III. Phase I is nestled on the western side of Hosur Road, with Phase II on its east and Phase III on its west.
Electronic city has world class infrastructure and houses some of the world’s leading IT companies such as Infosys, Wipro, HP etc.There are approximately 187 IT/ITES companies located in the area.
The IT industry is seeing increased hiring as the effect of the last recession is slowly waning down. There is a huge influx of IT professionals and as a result of this, demands for a place to live in be also increasing. The land in Hosa Road is giving a good number of options for living.
Real estate developers see a sure return on their investment and the city is seeing many new projects coming up. There has been an increase in demand for high end residential plots in Electronic City Phase 2 in the city. It has also proved to be a promising market for villa as well as row house developments.