Current real estate market in Whitefield, Bangalore

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Admin 24 Apr 2024 2,895 Views

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Whitefield, Bangalore has long been one of the most important IT hubs in the state of Karnataka. Many builders and real estate agents in Bangalore have invested in Whitefield. The location features large, spacious, and world-class apartments. It features zero pollution, good connectivity, and efficient proximity to workplaces, making it an ideal investment option. Currently, it is among one of the most sought-after localities. This city enjoys excellent connectivity to other parts of the city via Metro. These all things attract more for ready to move flats in Whitefield Bangalore. Suppose you are not able to find a suitable home you can take the help of HONEST BROKER.

Geographically, Whitefield is located in East Bangalore and comes under the (BBMP) Greater Bangalore Maha Municipality zone. It surrounds areas that include Brookfield, Hoodie, Kadugodi, Werthurmo. A lot of ready apartments for sale in Whitefield and Various shopping malls such as Park Square Mall, Forum Value Mall, Phoenix Market City, and Inorbit Mall makes it a hot pick for a crowd looking to resides in the Whitefield area. Many commercial and residential properties can be found here, including shopping malls, IT parks, office buildings, commercial premises, private business spaces, restaurants. 3 BHK flats for sale in Whitefield are a preferred choice and are available in abundance.

The current real estate market in Bangalore has developed into an autonomous area as a micro-market. Along with being an IT destination, the region has an excellent social infrastructure and developing an excellent physical infrastructure. Accordingly, the demand for luxury residential developments remains high.

Some Facts About Real Estate Market In Whitefield, Bangalore

Connectivity And Transit Points In Whitfield:-

this image show connectivity otions in whitefield, Bangalore. you can read full article at Honesrtbroker.in

If you think of shifting to Whitefield, then ready to move flats in Whitefield in Bangalore is a good option. Here you will find good connectivity and transport services. This makes it easy to commute daily from home to work locations. Whitefield Road through Marathahalli via Mahadevapura and Varthur Road are the two major 4-lane roads connecting the city center to Whitefield. The two roads run in the north-south direction, intersecting on Karnataka State Highway 35 (SH-35). Apartments for sale in Whitefield near the highway (Bangalore-Chennai Route) are always a good investment option. The Railway Station is about 3.5 km north of Whitefield Bus Stop. If you need flats for rent in Bangalore, HonestBroker can provide property details in that particular area. The railway is double and electrified, and a quadruple line project has been proposed for the Krishnarajapuram. Even major trains to Whitefield depart only from Bangalore City Junction. The Bangalore International Airport is at a distance of 50 km from Whitefield. Many other commutation options like air-conditioned Volvo buses are also available for transportation from Whitefield.

landmark in Whitefield:-

Phoenix Marketcity
The Forum Neighbourhood Mall
Virginia Mall
Ascendas Mall
VR Bangalore
The Arcade Mall
Inorbit Mall
Brookefield Mall
Sri Sathya Sai Institute Of Higher Medical Sciences
Vydehi Institute Of Medical Sciences And Research Centre(VIMSR)

Residendial options in Whitefield for sale and rent

We are talking about the Bangalore real estate market. Today, Whitefield is one of the most attractive for home buyers, especially for IT workers. Job creation in Whitefield has increased the demand and popularity of areas like Hoodi, Kadugodi, KR Puram, and even other places near Whitefield in terms of housing. There are also a lot of options like 2 BHK houses for rent in Whitefield. It offers all kinds of accommodation options. From opulent, luxurious villas, row houses, independent homes, gated communities to affordable apartments. If you are looking for a 3 BHK house for rent in Whitefield or units in apartments for sale in Whitefield, you may search for an HonestBroker. People looking for more spacious living spaces can go for larger units with 2000 up to 4500 sq ft. A report shows that 35% of all properties and apartments for sale in Whitefield price ranges from Rs 25 lakh to Rs 2.5 crore in 2020.

GRAPH OF PRICE TRENDS:-

Price Tresnds for Whitefield Bangalore | Honestbroker.in. check the full article at HonestBroker

Residential Development in Whitefield:- 2021

According to a Bangalore real estate market report, 28,500 new residential units came up in the Whitefield area in the last five years. The period between 2013 and 2015 accounted for 83-85% of new launches. After 2016, the launch rate declined significantly due to the massive backlog of unsold units, RERA(Real Estate Regulatory Authority), and GST implementation.

The situation in Whitefield is improving now as the Peripheral Ring Road (PRR) is on its way to commissioning, giving developers the confidence to launch new projects in Whitefield. The PRR project will integrate state and national highways in and around Bangalore and connectivity with some major roads like Tumkur Road, Old Madras Road, Bellary Road, and Hosur Road. The PRR will prove a major connectivity lifeline for the residents and clean out the ORR (Outer Ring Road). Apartments for sale in Whitefield can be checked on online platforms like Honestbroker for some of the latest property options in this locality - apartments, rowhouses, villas, and more.

Factors For Growth In The Past:-

Growth factor in whitefield Bangalore in Past | HonestBroker

Whitefield city is known for its tech parks, which houses many IT and ITeS companies. With state-of-the-art infrastructure and professionally managed services, Whitefield is ideally suited for commercial transactions. Some of the world's leading industries are also located in Whitefield, the most prominent Hindustan Lever Research Center (Unilever), and Padmini Industries. A Special Economic Zone (SEZ) was set up on 10 hectares at Whitefield by SAN Engineering & Locomotive Limited for Rs 339 crore. Whitefield has a large expatriate population and rapid IT/ITES offices' rapid growth due to rapid economic and commercial development in the area. This has given rise to strong demand for residential development in the micro-market, especially for middle and upper-middle-income groups.

Future Growth Factors:-

Check the Future Growth Factors in Whitefield Banagalore at Honestbroker.in

As a part of Bangalore, an autonomous city, Whitefield has many residential projects, modern-day retail malls, hotels, and other social infrastructure. The area is easily accessible from any part of the city through two stretches at KR Puram and Marathalli. A significant improvement in travel time was achieved in 2015 when the Bangalore Metro Rail Project and the proposed Peripheral Ring Road (PRR) Phase I were completed. A corridor has been proposed in the past for the Metro, which is 18 km long. The rise in demand for offices, retail spaces, and a house for rent in Whitefield has pushed its overall economic growth and has good Future growth projections.

About Author

Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

Current Real Estate Market in Whitefield Bangalore

Some Facts About Real Estate Market In Whitefield, Bangalore

Jatin Dubey

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