Current Real Estate Market in Whitefield Bangalore
Whitefield's current real estate trend provides an excellent indication to buyers or end-users on where the property movement in Bangalore is driving. Identifying the proper price movement for properties in Whitefield is essential for investors to achieve the maximum benefit by buying/ selling the property assets at the right time. The price trend suggests purchasing properties for sale in Bangalore at a downward movement and selling residential properties in the Whitefield at an upward trend. Whitefield, Bangalore, has long been one of the city's most significant IT hubs. Many builders and real estate developers in Bangalore have invested in the Whitefield area. The location houses large, effective, and world-class apartments. It features no pollution, good connectivity, and efficient workplace proximity, making it an ideal investment option.
Currently, Whitefield is among one of the most sought-after locations. This city enjoys excellent connectivity to other regions through the Metro. All these things draw more to ready-to-move flats in Whitefield Bangalore. Geographically, Whitefield is situated in East Bangalore and comes under the Greater Bangalore Maha Municipality zone. It covers sites that include Brookfield, Hoodie, Kadugodi, and Werthurmo. Many ready flats are for sale in Whitefield, and Various shopping marts such as Park Square Mall, Forum Value Mall, Phoenix Market City, and Inorbit Mall make it a hot spot for a crowd looking to live in the Whitefield area. Many commercial and residential properties can be seen here, including shopping malls, IT parks, office towers, commercial premises, private business areas, and restaurants. 2 BHK flats for sale in Whitefield are a preferred choice and are available in plenty. The current real estate market in Whitefield has developed into an autonomous region as a micro-market. Along with being an IT goal, the area has an excellent social infrastructure, forming an ideal physical infrastructure. Accordingly, the demand for splendid residential developments remains elevated.
Some Facts About the Current Real Estate Market in Whitefield
Connectivity Points in Whitfield
If you are considering shifting to Whitefield, then ready-to-move flats in Whitefield are a good option. Here you will find excellent connectivity and transport services. This makes it easy to travel daily from home to work locations. Whitefield Road via Marathahalli, Mahadevapura, and Varthur Road are the two primary 4-lane roads linking the city center to Whitefield. The two roads run a north-south zone, crossing Karnataka SH 35. Apartments for sale in Whitefield are always a good investment option. The Railway Station is approximately 3.5 km from Whitefield Bus Stop. If you need flats in Bangalore, we can provide property details in that specific area. The Bangalore International Airport is only 50 km from Whitefield. Other travel options, like AC Volvo buses, are available for transportation from Whitefield.
Some landmarks in Whitefield:
- Phoenix Mall
- Forum Neighbourhood Mall
- Virginia Mall
- Ascendas Mall
- Vydehi Institute of Medical Sciences And Research Centre
- The Arcade Mall
- Inorbit Mall
- Brookefield Mall
- Sri Sathya Sai Institute of Higher Medical Sciences
We are talking about the Whitefield real estate market. Today, Whitefield is one of the most beautiful places for home buyers, especially for IT employees. Job creation in Whitefield has raised the demand and popularity of sites like Hoodi, Kadugodi, KR Puram, and other locations near Whitefield housing. There are also many choices, like 2 BHK apartments for sale in Whitefield. It offers all kinds of housing options. From rich, luxurious villas, row houses, independent houses, and gated communities to inexpensive apartments. You can contact us if you are looking for a 3 BHK apartment for sale in Whitefield. People peeking for more extensive living areas can go for larger apartments with 2000 to 4500 sq ft. A report reveals that 35% of all residential properties and apartments for sale in Whitefield's price vary from Rs 25 lakh to Rs 2.5 crore.
According to Bangalore real estate market news, 28,500 new residential apartments have come up in the Whitefield location in the last five years. Between 2013 and 2015, 80-85% of new housing launches were accounted for. After 2016, the property launch rate dropped significantly due to the enormous backlog of unsold abodes, RERA, and GST implementation. The situation in Whitefield is enhancing as the Peripheral Ring Road is on its way to commissioning, giving builders the confidence to launch new residential projects in Whitefield. The PRR project will incorporate state and national highways in and around the city and link with significant roads like Tumkur, Old Madras Road, Bellary, and Hosur Road. The PRR will establish a considerable connectivity lifeline for the inhabitants and clean out the ORR. Apartments for sale in Whitefield can be bought from us.
Factors For Whitefield Growth in The Past:
Whitefield location is known for its IT parks, which feature many IT companies. Whitefield is ideally fitted for commercial transactions with state-of-the-art facilities and professionally executed services. Some of the world's top industries are also situated in Whitefield, the most famous Hindustan Lever Research Center, and Padmini Industries. A Special Economic Zone was built on 10 hectares in the Whitefield area by SAN Engineering and Locomotive Limited for around INR 300 crore. Whitefield has a sizeable immigrant population and a fast IT/ITES office's rapid evolution due to the area's immediate economic and commercial growth. This has boosted demand for residential projects in the micro-market, especially for middle and upper-middle-income classes.
Future Whitefield Growth Factors:
As a part of Bangalore, an independent city, Whitefield has many housing projects, modern-day massive malls, hotels, cafes, and other social infrastructure. The location is easily accessible from any region of the city via two stretches at KR Puram and Marathalli. Significant progress in travel time was accomplished in 2015 when the Bangalore Metro Rail and the suggested Peripheral Ring Road (PRR) Stage I were completed. A corridor has been suggested in the past for the Metro expansion, which is around 18 km long. The demand for commercial buildings, retail areas, and an apartment for rent in Whitefield has moved its overall economic growth and has good future growth projections.
Prestige Park Grove
Prestige Park Grove is a luxurious residential complex located in Whitefield, Bengaluru. Developed by Prestige Group, India's leading real estate developers, the project comprises meticulously designed two and 3-BHK apartments. These flats are spacious and well-ventilated, with ample natural light streaming through large windows. The apartments are designed to provide maximum comfort and privacy to residents, with high-quality finishes and fittings.
The complex boasts a range of amenities for residents, including a large swimming pool, a fully-equipped gym, a clubhouse, a children's play area, and landscaped gardens. The project also features 24-hour security and CCTV surveillance for safety and peace of mind. The location of Prestige Park Grove is one of its major selling points, with easy access to key business hubs, shopping malls, and top schools and hospitals in the area. It is also well-connected to the rest of the city via an efficient transportation network. Overall, Prestige Park Grove Master Plan is ideal for a comfortable and upscale living experience in Whitefield.
Prestige Waterford
Prestige Waterford is a residential development that has satisfaction in every nook and corner. This is a sprawling apartment complex that is ideally located amidst every convenience. You can choose from 3 and 4-bedroom homes built in the seven high-rise towers built across an expansive 17-acre land area and situated at ECC Road in Whitefield Bangalore, which is well-linked to essential places of the like Sarjapur Road, Outer Ring Road, and Electronic City. With wide-open areas and great Locations, residents can soak in the environment-friendly private world.
Prestige Lakeside Habitat
In Whitefield, East Bangalore, there is a magnificent apartment and villa complex called Prestige Lakeside Habitat. Most of Bangalore's IT parks are located in this bustling area, providing a beautiful view of Varthur Lake. A total of 3426 units in 102 development spaces are available from Lakeside Habitat, including 1, 2, 3, and 4 BHK residences. The project is complete and ready for occupancy, with a starting price of 95 lakhs.
Prestige White Meadows
In the affluent community of Prestige White Meadows in Whitefield, there are exclusive ultra-luxury homes for rent. A well-established and connected eastern Bangalore suburb, the area. It is possible to move into these houses. In addition to 66 Independent Bungalows set against a scenic setting, White Meadows, located on a spacious 28.5 acres, offers 288 Sky Villas in 4 high-rise towers with a combined height of 27 stories. With prices starting at 3.75 crores, these homes have four and five opulent bedroom sets.
