Investment Scope in Whitefield
The advent of IT industries after the 1990s turned Whitefield into a major suburb from being a quaint little settlement of Bangalore. As a major part of Greater Bangalore City, Whitefield is the thriving hotspot for several multinational IT companies. Good connectivity and proximity to workplaces, convenient accessibility and a less polluted zone make the area the Strong Investment Scope in Whitefield Bangalore.
Several top builders like the Prestige Group, Godrej Properties, Goyal & Co, Shriram Properties, Puravankara, Mahindra Lifespaces, Kolte Patil Developers and Brigade Group are investing in Bangalore. Big, spacious and world-class modern apartments have been established largely in this area.
Greater Connectivity Benefits
Whitefield offers an excellent connectivity through road and rail networks. BMTC offers a wide range of bus services providing an extensive bus connectivity to different parts of the city.
- The two 4-lane roads- The Whitefield Road through Mahadevapura and the Varthur Road through Marathahalli form the arterial roads of the city connecting Whitefield to the center of the city.
- With the functioning of the Traffic and Transit Management Centre (TTMC), the traffic congestion in this area will be reduced.
- The Whitefield Railway Station, lying on the Bangalore- Chennai Route. Situated barely 3 km from the north of Whitefield Bus Stop.
- The existing two-line Krishnarajapuram-Whitefield division is scheduled to be converted to a quadruple line creating a new junction with the upcoming Whitefield-Kolar railway line.
- The proposed Namma Metro Project- Phase 2 will further boost the connectivity benefits in Whitefield.
These connectivity benefits will make Whitefield the desired locale for residence attracting a large number of builders to invest in this locale.
Robust Infrastructure Facilities
Establishment of software industries brought in the development of infrastructure, too. Whitefield has a good number of educational institutions, hospitals, shopping malls, and restaurants. The commercial developments include numerous IT Parks, office buildings, private business spaces and other various commercial complexes.
- Inorbit Mall, Forum Value Mall, Park Square Mall, IONA Entertainment and Phoenix Mall are all located within 5 km distance of Whitefield.
- The Sathya Sai Baba Temple is a major landmark in this area.
Some of the reputed educational institutions in this area include
- The Bangalore School- 350 m
- Whitefield Global School- 2.1 km
- Vydehi School of Excellence- 3.5 km
- The Deens Academy- 1.4 km
Sri Sathya Sai Institute of Higher Medical Sciences and the Vydehi Institute of Medical Sciences and Research Center are the major super-specialty hospitals located here.
Highly known for its IT Parks, Whitefield has several prominent IT companies. Accenture, Wipro, iGate Global Solutions, IBM, Intel, Oracle, Bhoruka Tech Park and many companies reside here. And thus it makes Whitefield one of the ideal place for commercial transactions.
With these developments, Whitefield has become a self-sufficient locale. Thus there is a huge demand for luxury residential apartments in this area.
Real Estate Highlights & Investment scope in Whitefield
Being known for its lavish greenery, tree plantations and cozy residential apartments, Whitefield is the most preferred investment hotspot. This prominent IT Corridor of Bangalore experiences a rapid growth in the real estate market. The high-rise apartments are in high demand among the working professionals. The realty market sector is investing largely in apartments/flats rather in individual houses.
The average price of a multi-storey apartment/flat in Whitefield ranges between Rs.4141 and Rs.6951 per sq. ft. The average property price ranges between Rs.4000-10000 per sq. ft.
Scope for Growth in Future
The Bangalore Metro Rail Project and the Peripheral Ring Road will ease your travel to the workplace. The KR Puram and Marathahalli stretches help you travel to any part of the city easily.
The rising demand for commercial spaces results in an increase in the residential settlements in Whitefield. Owing to its strong economic growth it shows a strong investment scope in Whitefield. Thus with the multitude of residential developments, retail malls, restaurants, hotels and other infrastructure facilities, Whitefield pulls in a lot of investors to invest in this area. Therefore it’s the perfect destination to own a home!
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