Rental Market Value in Electronic City
There are a zillion factors to consider before investing in an area, be it an apartment in Electronic City or anywhere else. One of those factors is “rental market value” which is extremely important especially when you have plans of renting out the place. In today’s age, it is essential that you look out for areas where a lot of MNC’s are coming up as this is where the government would be focussing on developing the infrastructure to drive investment from international conglomerates. Electronic City is one area where people belonging to different income groups can find a home suited to their budget.
The rental yield varies between 3.3 to 6.8 percent averaging at 3.8%. In 2017, the rental return for a 2BHK flat was 4-5%. Approximately 57% of 2BHK flats are available for rent in Electronic City followed by a 30% of 3 BHK flats.
The good thing about the area is the abundance of I.T companies which is a major source of employment thus making tenants readily available for your property.
The upcoming yellow line of Namma Metro is further going to increase your rental yield.
A lot of residential apartments in Electronic City are coming up for sale but what really matters is the reputation of the builder. Make sure that you gather as much information as possible about their previous projects, quality of construction, whether they have managed to deliver their projects within the promised timelines and whether they have rainwater harvesting measures in place. Also ensure that your builder is RERA approved as there are several fraudulent builders and you do not want to end up losing your hard-earned money.
Mahendra Properties is one of the few developers who have an incredible reputation of strictly adhering to all the norms and delivering a home which is not just beautiful but of the finest quality as they only partner with the best. Their ready to move flats in Electronic City is literally a homebuyers’ dream with some of the best amenities in place. They have strictly adhered to the norms and have all the rainwater harvesting measures in place and the best part is they are RERA approved. They have very few flats for sale in Electronic City on account of most of them being sold out.
They are known for their excellence in quality, love for open spaces and lots of greenery and have thus redefined the concept of apartments which were once considered as a concrete jungle and have now constructed them to mean a little world of your own where you make memories.
You should book a visit soon as you will not want to lose out on a good deal and it is not every day that you find a property for sale in Electronic City which is actually delivered on time without compromising on quality. Additionally, they have some real cool amenities like a pet park and a senior people’s corner, something that you don’t see everywhere.
