Here are the reasons for an increasing demand for homes in Whitefield

The growth of Information Technology (IT) sector in India has also played a major role in the realty growth in several parts across the country. Especially, the suburban areas of the city have been witnessing some remarkable developments in real estate sector. Whitefield is one such locality that has emerged as a residential hub for many working professionals working in various IT/ITes companies in the vicinity

Until the 1990s, Whitefield was known to be a small village which was majorly occupied by the Anglo-Indian community. However today, the locality has transformed into a major hub for many IT bigwigs across the globe. The Export Promotion Industrial Park (EPIP) located Whitefield was one of India’s first IT parks. Apart from it, the suburb has the presence of the International Tech Park, Bangalore (ITPB) which houses many leading IT and ITes companies. Apart from IT sector, Whitefield is a hub for some Bangalore’s top multinational offices. With the presence of many IT parks and industries, the demand for residential properties in Whitefield has increased to a great extend.

Over the past few years, Whitefield has been witnessing rapid real estate developments with several reputed builders are coming up with new projects comprising of the affordable and premium range of apartments. Be it a gated community or budget apartments, the home buyers can find homes that suit their choice. The price of an apartment here ranges between INR 4100 to INR 5500. According to recent reports, the residential projects in Whitefield have witnessed the highest capital appreciation over the past year.

Here are some of the top reasons that attract potential home buyers to this locality;

Easy Commute

As Whitefield is an IT hub, the IT professionals who have their work location here can buy or rent a home here to reduce their commuting time.

Many Housing Options

Another major reason that has been fueling the demand for properties in Whitefield is the more supply housing that suits every budget. Buyers looking for properties in this region can have a lot of housing options like villas, gated communities, apartment complexes, and private layouts. Some of the ongoing projects here include Anish Green County, Sumadhura Soham, Assetz Marq, Brigade Cosmopolis and much more.

Good Social Infrastructure

Whitefield has the presence of several reputed educational institutions such as Deens Academy, St Mira’s Heritage Academy, St Thomas School, Delhi Public School and much more. Apart from it, the locality also possesses some of the malls like The Forum Value Mall, Inorbit Mall, and Phoenix Market City Mall.

Seamless Connectivity

With proximity to the Outer Ring Road (ORR), the locality enjoys good connectivity to major parts of Bangalore city. Also, the proposed Namma metro line is likely to enhance the connectivity of this region further.

So these are some of the major factors that have been driving the real estate market of Whitefield. With the upcoming developments in this locality, investing in a property here would fetch you good returns.

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Indiaproperty.com