Outstanding facilities, affordability and excellent return on investment are three primary factors for a property buyer. With a huge IT/ITeS base, constantly upgrading infrastructure, proximity to civic amenities and rapid migration of professionals are contributing to the realty expansion of Bangalore. According to the experts, the city has shown a tremendous growth, especially in the last two decades with the upcoming residential and commercial projects, business parks, tech parks, villas and farmhouses. The top emerging locations of Bangalore are Bannerghatta, Hennur, JP Nagar, Kanakpura Road, Yehlanka, Electronic City and Whitefield.
Let’s have a glance at the price movement in key micro-markets of the city.
Considering the above data, Whitefield is an ideal location that offers a huge range of residential properties to cater to the needs of buyers and stockholders. Irrespective of the usual traffic chaos, it is still the most sought-after corridor as the government has come up with decongestion plans.
Strategically located in the eastern part of the Bangalore, Whitefield is one of the prominent IT hubs of Karnataka. Most renowned builders such as Brigade Group, Purvankara Group, DLF, Kolte and Patil, Mantra Developers and others are launching spacious and world-class residential projects that are fitted with luxurious amenities. Due to an easy connectivity, controlled pollution level, serene locations and proximity to the work place, there is an increase in the number of potential property buyers in this area. One can easily get affordable apartments, rental property and villas in Whitefield.
Talking about the connectivity, Whitefield is boasted with a robust transportation system. The suburb possesses several modes of transportation such as metro rail, bus, taxi and autos. The nearest major railway station is Bangalore City Railway Station, which is located at a distance of around 18 km. Along with it, the Whitefield railway station is also situated at a distance of approx. 3 km from the Whitefield Bus Station. Whereas Kempegowda International Airport is located at a distance of around 37 km via State Highway 35. Whitefield is connected to Marathahalli via Mahadevapura and Varthur Road by the two major 4 lane roads.
The suburb is facilitated with several splendid civic amenities such as shopping malls, premier hospitals, banks and educational institutes. It is the center for array prestigious organizations such as TCS, Accenture, HCL, Oracle, Samsung, Amazon, IBM, iGate, Wipro, Dell, Sapient, Aviva, Capegemini and many more. Whitefield as a micro-market has grown up into a self-sustaining area. With the presence of the best organizations to work with, the locality has a worthy social infrastructure and the yet expanding physical infrastructure. Hence, this has led to an increased demand of luxury residential projects.
Not only the IT industries, Whitefield is also housed for many industries and manufacturing units, such as Hindustan Lever Research Center (Unilever), Padmini Industries. SAN Engineering and Locomotive Ltd. has established the special economic zone in an area of 10 Hectares, which is attracting various investors not only from India but across the globe also.
Future Growth Perspective
Being popular as a self-sustaining locality, Whitefield has infinite residential, retail shops, hospitality and other socio-infrastructure. The area is easily accessible by two stretches namely, Marathahalli and KR Puram. Being a suburb, Whitefield has a multitude of residential projects, modern-format retail malls, hotels and other social infrastructure. The significant developments have added value to the land prices also and the estimated cost for 1, 2 and 3 BHK is around 20-25 lac, 32-35 lac and 37-40 lac respectively. Whitefield’s residential market is mostly user dominated and top builders has introduced range of projects for all segments of users.