Whitefield-One of the most demanded and prime locations of Bangalore. From just being a small residential area, it has transformed into a highly developed locality of Bangalore. Whether its about educational institutions, medical facilities, IT sector, Shopping destinations or residential locality, Whitefield always comes at the top of the list. Apart from all these, Whitefield is also renowned in terms of Real estate investments. Over the part years, Whitefield’s Real estate industry has been significantly growing with infrastructural developments. In this article, we will discuss about few points to justify why Whitefield is the best location to invest in the real estate industry.
1. Prime Location and Connectivity
Situated in the East Bangalore, Whitefield is the most prime location that offers all the amenities in the vicinity including renowned schools, colleges, health care facilities, shopping malls, etc. In terms of connectivity, Whitefield is well connected to all the major parts of the city that includes Varthur, Hoodi, Marathahalli, ITPL, Sarjapur and many more. The location also has seamless access to transportation including Bus stop that offer easy travelling within different parts of the city and also Railway stations like Whitefield and Hoodi serve as the vital hub for computers.
2. Upcoming Infrastructure
There are many key infrastructure projects planned to be launched in Whitefield that could be a reason for the growth of real estate industry. Some of the developments are:
- Whitefield Peripheral Road-It is a 10 KM long project that aims in reducing the traffic congestion of Whitefield where an alternate route bypassing the inner ring road would be built.
- Whitefield Metro extension- There is already a project underway to extend in the existing purple line metro.
- Water drainage- Over the past few years, Whitefield has been experiencing water clogs and drainage problem due to the storms and floods, In order to mitigate this issue, a storm water drainage network is soon to be launched in Whitefield.
3. IT Hubs
Whitefield has a bunch of Tech parks and commercial hubs that has lead to the demand of property buying in the vicinity. Some of the major IT parks in Whitefield includes-ITPL, Brigade Tech park, Prestige Tech park, JBR Tech park and more. Also there are many MNCs and Giant E-commerce business prevailing in the locality. For this reason, People are more inclined towards buying a residential space or property near their workplace with increases the demand of Whitefield.
4. Property Developments
Whitefield is witnessing a wide range of property developments by the reputed builders of South India. From luxury apartments and villas to gated communities, Whitefield has it all. Not just residential properties, but there are several commercial properties that contribute in the rise of the demand of Whitefield. Infact, Prestige group of builders has announced a grand launch of the property with sales potential worth Rs. 1100 Cr. Here is the detailed article on this context.
5. Rental Gains
Whitefield holds a strong potential when it comes to rental gains. Whether it is about connectivity, infrastructure or IT Hubs, Whitefield possesses it all. These factors straight away indicate that the rental prices of the property here are surely going to hike in future. As a result, it becomes a good opportunity for investors to gain massive returns from the rental assets. This is also one of the major reasons of investing in Whitefield.
