Who doesn’t know Electronic City in Bangalore? It is the oldest and the probably the largest IT Parks of Bangalore with most of the big sized IT and ITeS companies having their offices there. This has resulted in the area to transform from a sleepy hamlet a decade and a half ago to a self-sustained and great busy town in the recent times. There are great malls, shopping centres, schools, colleges, education centres, infrastructures, hotels and of course the main drivers of the demand are the top IT companies of the world who have their offices here. Along with all these development, one factor that has been gradually rising was the price of the real estate properties. The independent houses are almost non-existent but the apartments are being seen here guarding the sky but the prices of the apartments are sky high as well. Well, there is no doubt that Electronic City is a place worth investing as there are more and more companies coming in the area and the population influx is more and more. So your investment here is bound to give hefty returns. That is why the prices are also on the higher quadrant. Then what is the solution for the middle class like you and me if we want to buy homes and apartment in Electronic City? Is there at all a way?
The picture although tough, but is not all that bleak. TGS Constructions is a company being incorporated few years back by an entrepreneur who wanted a solution to be offered to the buyers with limited budget. That is the reason the company today has become medium sized company although they started small. Today they have flats and apartments all over the city. The good news is they also have a ready-to-move-in apartment in Electronic City at a very lucrative location at a stone throw distance from Wipro gate number 16 and near NEO town which is a populated township already. There are no dearth of schools colleges and infrastructure around. This signifies that if you sell the flat just after you acquire it you will still make profits. If you think that these flats are highly priced you are wrong. The square area of the flats starts from 1250 sq. ft. for a 2 BHK to about 1800 sq. ft. for a three BHK. The prices start from a little above Rs. 35 lakhs with good payment options. The company can also arrange for loan assistance for you. So you have nothing to worry but you need to have a strong desire to possess a property in Electronic City, insists the company sources. The reason cited by them is that the flats are being sold at 60 percent of the value compared to the prices of the neighbouring areas. So if one has to buy the flats and apartments one has to be quick and prompt. That is the reason the company has arranged for a free pick up and drop facility and a property consultant will also be accompanying with you. Last but not the least, if you think that there is any compromise in quality or the comfort levels in the construction and design of the apartments you are utterly wrong. The company has a code of construction procedure with standard safety measures. Not only that the company’s flats and apartments are all Vastu compliant too. The amenities that are provided are car parking, swimming pool, child’s play area, gymnasium, community hall and many more. There will of course be elevators, power back up system and in no way the company has compromised, adds the sources from the company. That is the reason there may not be any more flats and apartments left. If you are lucky you may get one, is the view as such prices are rare. Nevertheless there are other projects of the company too in Electronic City. If not TGS Silicon Valley, there are others like TGS Cancun and TGS San Francisco which are being constructed. So, if you miss this one you still have a chance. But there is no reason to think that all the flats are exhausted. You can enquire with the company and enjoy the warmth of a building within a month’s time and afford it at a price which is really enviable. Happy home shopping!