Whitefield is located in the eastern part of Bangalore. It is a rapidly growing, sought-after real estate investment market with a growing population, and has become a popular destination for people looking to buy their dream home. The Residential market in Whitefield is diverse, with a variety of options available to suit different budgets and lifestyles. The diversity is spread across various lengths and breadths of the country.
One of the main drivers of the residential market is the IT industry. Hailing just 10 to 15 minutes to the ITPB area, this locality has every aspect of a growth story. Home to a number of IT parks and tech companies, which has led to an influx of professionals looking for their luxury apartments in Whitefield. As a result, there is a high demand for both rental and purchase properties in Whitefield.
Majority of the properties in Whitefield are apartments – having both budgeted and Ultra-Luxury. These are popular among young professionals and families, as they offer a safe, convenient and an upgrading lifestyle options. Many of these properties are located in gated communities, which offer residents a range of amenities such as swimming pools, private gyms, clubhouse, children & elder zones, and leisure parks.
In terms of price range, the residential market in Whitefield caters to a wide range of budgets. The average price of a 2-BHK apartment in Whitefield – from a reputed builder is at a cost that suits every home buyers’ requirement. As an area, it houses number of villa projects, which are in high demand among expats and high net-worth individuals (HNI). These properties offer more space and privacy and typically become the right choice for house owners.
This area also has a number of completed and upcoming infrastructure projects in Bangalore such as the metro line extension, the Peripheral Ring Road, and the Whitefield-Sarjapur elevated corridor. These projects are expected to improve connectivity and reduce traffic congestion in the area, which will in turn boost the real estate market.
In conclusion, Whitefield is a rapidly growing neighborhood in Bengaluru that offers a perfect blend of urban amenities and peaceful living. An urbane locality crafted to explore a new world through a personal space. With its expanding infrastructure, improved connectivity, and an array of residential, commercial office spaces and recreational options, Whitefield continues to be a sought-after destination for individuals, families, and businesses.