The Information Technology (IT) and the Information Technology Enabled Service (ITeS) industries have not only played a great part in the development of the economy of the country, it has also added to the growth of the real estate sector. It is a fact that any city which has a strong presence of these sectors has scaled real estate heights. Cities like Chennai, Hyderabad, Bangalore and Pune are prime examples of this phenomenon.

The realty market in Bangalore is especially dependent on the IT and ITeS sectors. For a long time now, the city has been a one of the top choice for these two industries. Areas which have a good presence of these companies have seen a good deal of real estate development and have become quite popular among home buyers. Peripheral areas in the city are quickly becoming the go to locations for these sectors as there are large parcels of land available in these regions. They are also available at very cheap rates. Infrastructural developments in the city have ensured that the peripheral areas are well connected. This has ensured that the interest of the IT giants in these areas does not waver.
Here is a look at the top 3 IT destinations in Bangalore which have caught the attention of buyers looking for a property for sale in Bangalore.

Electronic City

No talk about the influence of IT industry on the city is complete about without the mention of Electronic city. It is one among the largest IT hubs present in the country. The micro market consists of three zones called Phase I, II and III. The going rate for a property for sale in Bangalore which is located here stands at INR 4300 per square feet on average. Residential plots for sale in Bangalore which are located here can cost INR 1500 per square feet on average. There is increasing demand for affordable and mid segment properties in this part of the city.

Marathahalli

Marathahalli is another IT hub which buyers are really getting behind. This suburb which is located in the south eastern part of the metro has benefited greatly from the IT boom. The area which was once a village and is now a booming real estate hub all thanks to the IT boom. The going rate for a property for sale in Bangalore which is located here stands at INR 4500 per square feet on average. The average asking price for residential plots for sale in Bangalore which are located here stands at INR 4900 per square feet on average. One would need at least INR 50 to 70 lakhs to purchase an apartment in Marathahalli.

Whitefield

Whitefield was once a preferred settlement of the Anglo Indian community. It is now a preferred settlement for those who are working in the IT sector. The IT boom has transformed this micro market into a thriving real estate hub. The going rate for flats here stands at INR 3700 per square feet on average.