Anyone who lives in Bangalore knows that Whitefield is one of the most prominent areas in the city. From being a small settlement for Eurasians and Anglo-Indians to becoming the city hub after the IT boom, Whitefield has been a delight of the real estate agents.
The middle and the upper-middle-class now prefer to invest in residential real estate property in Whitefield. And why not? When you can buy a spacious and luxurious apartment for affordable prices and access major transportation centers, what’s not to like in the region?
Whitefield is connected to central Bangalore through the old HAL Airport road. You can find a railway station just 3 km away from the Whitefield Main Bus Stop. Trains come to Whitefield only from the Bangalore City Junction. However, there is a plan to build a quadruple line for KR Puram- Whitefield belt. Also, the Whitefield- Kolar line is going to be made into a junction.
Rise of Demand for Residential Property in Whitefield
The IT and corporate employees are searching the internet for 3 BHK and 2 BHK flats for sale near me in East Bangalore, followed by South Bangalore.
From affordable to luxurious, you can find an apartment of any size and budget in this region. There are 1 BHK flats with appx. 450 sq. ft the way there are 4 BHK flats with carpet area ranging between 2000 sq. ft and 4500 sq. ft. According to a report, 35% of the current property in Whitefield is ready for moving in.
Real estate advisory companies say that the demand is going to continue for the next few years. The Peripheral Ring Road (PRR) has pushed the demand further high.
Educational institutions, healthcare centers, food and entertainment establishments, etc., are found in plenty in Whitefield. The urban masses can get all that they want in one location, Whitefield.
Noteworthy Projects in Whitefield
Some of the best apartments in Bangalore are now found in Whitefield. Various popular construction groups developing large projects with the latest amenities.
Located on Varthur Road, the project is spread over 99.16 acres and has 24 towers with 29 floors in each one. There are a total of 3697 apartments in 2, 2.5, 3, & 4 BHK sizes. There are also luxurious villas surrounded by greenery. Prestige Group offers many amenities like 24*7 security, fire fighting system, power backup, swimming pool, garden, and much more. These are ready-to-move-in apartments.
If you are looking to buy a flat in Bangalore and are willing to wait for the construction to be completed, Marq 2.0 by Assets Group is worth checking out. The project is spread across 22 acres with 8 high-rise towers and 345 flats in 3 BHK and 4 BHK offerings. The project has a clubhouse, swimming pool, indoor games, basketball court, and many other luxurious amenities.
The residential project is located at Varthur- Gunjur Main Road and has 8.50 acres allotted to build 5 towers. 80% of the land is an open space, with each tower having 23 floors and a total of 828 luxury 2, 3, & 4 BHK apartments.
Market Trends and Conclusion
The current market trends in Bangalore show an increase in demand for 3 BHK flats. People are searching for apartments within the 1 crore range. They are leaning more towards self-sustaining townships and gated communities with all facilities. The pandemic last year has resulted in people being ready for emergency lockdowns without worrying about the availability of household groceries, medicines (and emergency medical help), and security.