Surging ahead in Real Estate Market: Residential demands in Whitefield

Once considered the outskirts of the city, Whitefield in Bangalore has today become one of the most sought after residential destinations in the city. With all the advanced civic infrastructure and facilities, Whitefield offers a wide range of housing options. The substantial workforce employed in the companies in the Whitefield area prefers to live closer to their job locations. This, combined with the growth in the commercial sector has led to an increasing demand for properties in the region.

More job opportunities, more population, more houses

With the development of the IT/ITeS base, more companies entered the scene providing endless job opportunities. The influx of people created the need for varied residential options. The International Tech Park ITPB and the Export Promotion Industrial Park (EPIP) zone have been the major driving forces for the increase in the employee base in Whitefield. As the working population looked for residential options in the vicinity, more houses and flats that cater to all segments of the society emerged. From mid-segment flats to up-scale villas and plots, Whitefield offers the perfect residential solutions.

Excellent connectivity

 Whitefield is well connected to the core of the city and other regions. Daily commute is made easier with excellent road network. Whitefield Road and Varthur Road that meet with the State Highway SH 35 provide accessibility within and outside the suburban region. The buses that ply back and forth to the area make travelling convenient for the employees. When the metro service becomes operational, there will be more connectivity to the city.

Modern infrastructure

The presence of numerous companies and businesses has facilitated the development of advanced infrastructure in the Whitefield area. In terms of civic and physical facilities and amenities, this micro market is a mini metropolitan city. The commercial space including malls, shopping centres, clubs, multiplexes, public parks, gourmet restaurants, and various nightlife joints provide leisure and entertainment options for the residents. The region also has an excellent healthcare and education base with a number of top hospitals, specialty clinics, schools, and higher education centres.

Land availability

What makes it easier for builders in Whitefield is the availability of vacant land for development. The prices appreciate quickly and this is one of the reasons why investors are ready to buy larger plots which they can sell later to builders and developers for better rates. This has created an increasing demand for landed properties in Whitefield area.

Demand for apartments and villas

Most buyers and renters prefer 2-3 BHK apartments while a majority of expats and investors look for gated community living. Several builders have established their residential projects in all price ranges. There are more projects in the offing from a number of market leaders that offer world class facilities and comfortable living. This self-sufficient locality provides all the necessary elements of urban living in a suburban environment. As the demand for properties in Whitefield is always on the increase, experts in the real estate field expect a high percentage of upward growth in property prices by 2020.