Check out the location overview of Whitefield
Whitefield is a burgeoning micro-market which has turned into a self-sustaining location over time. The growth story of this area was scripted in the early 2000, when the IT growth of Bangalore reshaped Whitefield as a major suburb. It is now one of the most sought-after real-estate localities in the country. Over the next twenty four months, it will be connected to other key parts of the city by the ‘Namma’ Metro.
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This micro-market is increasingly changing into a stand-alone microcosm, with adequate social infrastructure already in place and even more coming up rapidly.
Known for its scenic beauty with lush green trees, Whitefield has high-grade global schools and good quality hospitals are also being set up. It has a number of outstanding residential projects by famous developers on offer. The area enjoys good connectivity to Bangalore’s different business districts and is now a hot location for both real estate investors and end-users.
In addition to – and perhaps because of – the significant IT affect in Whitefield, the presence of high-quality social infrastructure, rapidly growing physical infrastructure or top-quality educational institutions in the vicinity, make Whitefield a desirable location in all respects. For home seekers in Bangalore, this area is a regular treasure-trove of attractions. Whitefield has a host of options such as gated communities, villas and high-end apartments.
Developers in this area offer high quality housing across all verticals, with supply geared squarely at buyers from the IT and industrial sectors. Whitefield has been seeing regular annualized appreciation to the tune of 11-14 per cent, which has been even larger in the case of select projects with superior specifications and amenities.
This micro-market is also one of the preferred rental destinations for the cosmopolitan work force in Bangalore, because of its proximity to major IT centers and the availability of educational institutions.
In terms of retail real-estate, Whitefield has Brookfield – a bustling high street which primarily houses national and global restaurants. A number of existing and upcoming malls are also available in the location.
These malls, not only attract customers from within the immediate catchment and the nearby areas but also from Central and South Bangalore because of the number of specialty retailers and quality dining options they offer.
While Whitefield is ranked as one of the top emerging tech hubs in Asia, it is admittedly not entirely free of challenges. With over 750 industries, IT parks, malls, international schools and residential spaces jostling for space in this corridor, enhanced pollution and rush-hour traffic are areas for concern. However, the Metro rail line improving upto Whitefield in its second phase and increasing infrastructure such as flyovers, the Outer Ring Road (ORR) and the 8-lane Peripheral Ring Road will connect Whitefield to other major roads and be instrumental in easing the situation considerably.
In the meantime, the rush for Properties in Whitefield continues unabated, ensuring its viability as one of Bangalore’s hottest real-estate investment destinations for some time to come.
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