Mahendra Homes, a name that is synonymous with quality and eloquent homes in Bangalore. You must be wondering what makes it so different from the hundred other property builders in Bangalore? Since its inception in 2011, we have always stressed the need for Excellence in Quality as we feel that our clients deserve the best and this motto resonates in our projects near Electronic City. Having successfully completed several projects near Electronic City like Mahendra Aarna, Elena and Elena-5, we can proudly say that we don’t just build homes but craft communities. To know more about what makes us different, read on!
Security
A good apartment in electronic city phase 2 should boast of a robust security system. Make sure that all the security systems are in place and ask questions and clear all your queries to ensure that you are well protected.
RERA Approvals
When looking for projects near Electronic City, this is something that you should be definitely looking for as your interests may not be protected if you go for a project that is not registered with the RERA authority of the state. The RERA registration status is very important as it would ensure greater transparency and shield you from unfair malpractices by fraudulent builders. Stay Safe.
Location
It is a known fact that Electronic City is an I.T hub comprising of several multi -national companies. Some of them include Hewlett Packard, Siemens, Infosys, and Wipro, etc thus offering various career growth opportunities for working professionals. This is a major reason behind the demand in the apartments in electronic city phase2.
While, a flying room is still a distant dream for us, there are some amenities that are within our reach and which we should definitely look for when buying a home. Fortunately, Mahendra Homes, after much research has crafted its homes with some top-notch amenities for its clientele.
Here’s the list as follows.
Open Floor Plans
According to the findings of the National Association of Home Builders, about 86% of home buyers have evinced interest in having a living space that is either partially or completely open in its space. Mahendra Homes understands this and has implemented this in their projects be it in Mahendra Aarna or in Mahendra Elena where you would get to see open plan living areas onto large balconies or courtyards thus making you feel as if you are in a house and not in an apartment at all.
Finish& Materials
It is very important that you check the type of materials used to build your dream home. We, here at Mahendra Homes use only the best quality of tiles, wood and aluminum windows as we believe that you deserve the best.
Electronic City, our very own I.T capital has been a residential investment hotspot for many years now and has witnessed the launch of several best apartments in electronic city phase1 What was initially started as a manufacturing hub has now been converted into an I.T hub housing several multi-national companies like Infosys, Wipro, etc along with several educational institutions, hospitals and shopping malls.
All this and several other factors have resulted in a huge demand for residential investment in the area thus leading to a surge in the development of several projects in Electronic City, phase-2.
The upcoming Silk Board Flyover would reduce the traffic jams in the area and make the commute a lot easier to the residents.
Additionally, the upcoming Hosur Airport is just 27km away and the opening of the elevated highway to Silk board has made travelling all the more easier.High Rate of ReturnWhen, it comes to home buying, Electronic City has the highest demand in the corridor and investors can expect rental returns of 4-5%.
Electronic City has the highest demand not just for home buying but for rental as well with a demand of about 46% owing to its proximity to work locations such as Electronic City Phase-1, Infosys and Wipro Campus.
2 BHK apartments are the most preferred for home buying as well as rental followed by 3BHK.
What felt like a distant dream has now been made possible by the Government of India through the Pradhan Mantri Awas Yojana with a plan to build 20 million affordable houses for the urban poor by the 31st of March, 2022.
So for those of you who have been eyeing Mahendra Aarna ready to move apartments in electronic city it won’t be long before you turn your dream into reality.EligibilityFamilies having an annual income up to 6 lakhs fall under the EWS/LIG class, 600,001-1200, 000 fall under MIG-1, and 1200,001 to 1800,000 fall under MIG-2.To avail of this scheme, the beneficiary family cannot already own a pucca house and should not have availed of any central assistance under any housing scheme from the Government of India.
To prevent duplication, the beneficiary family members will have to provide their Aadhar cards at the time of the loan.
However, this is not compulsory for the construction of a house on an existing plot or updating of existing kuccha/semi-pucca houses.
The location of the property should lie within the statutory towns as per the 2011 census and their adjacent planning area.
The carpet area for the EWS beneficiaries should be up to 30sqm and for the LIG beneficiaries, it is up to 60sqm.
Spread over an area of 3.2 sq.
km (800 acres), it is considered as one of the largest Tech Parks in India.People working in companies located in electronic city look for the best PG in Electronic City for their accommodation.
In this article we have listed some of the best and top rated PG’s in Electronic City Bangalore.Zolo Carnations- PG in Electronic City Phase 1 for LadiesThe Zolo Carnation is a PG in Electronic City Phase 1 for Ladies located in 59, 8th Cross Rd, Neeladri Nagar in Karnataka - 560100.From the reviews of the people who stayed here for a long period of time, we came to know that it is a very superb place to stay and staff was very friendly.According to some people it is a great property with 24*7 cleaning services available.
Zolo Carnation ensures that all its residents are safe and sound for which they keep security guards in 3 shifts and 24*7 surveillance camera.Zolo Atlantis- PG in Electronic City Phase 2 near Tech MahindraThe Zolo Atlantis is a PG in Electronic City Phase 2 near Tech Mahindra.
It is a boy’s hostel located in Electronic City Phase 2, near Tech Mahindra, TCS, Schneider Electric and other major IT companies.The overall rating of the Paying Guest Facility is 3.8 out of 5.
One of the working professional who stayed there, mentioned that he is completely satisfied with the services (room cleaning, repair work etc.
In a recent survey, when queried about the top 3 features that homebuyers look for while buying a residential apartment in Bangalore, the hot favourites were budget, location and developer.
The survey may show that the size of the flat may be pushed to the back-burner but then why is Bangalore witnessing an increasing demand for 2BHK flats in Electronic City?
To know that, first let’s look at the pros and cons of purchasing a 1 or 3BHK.About 3BHK’sWhile they are great for large families owing to the space, they have their cons.
While a 3BHK may cost 40-50% more than a 2BHK the rent differential is just about 20-25%.
Additionally, the maintenance charges are high.1BHK’s or studio apartmentsThey are relatively affordable when it comes to cost.
Judging by the above factors, many people seem to find 2BHK Units as a good option.
