Whitefield in Bengaluru is not only one of India’s top tech hub but also Asia’s. There has been accelerated growth in this locality. Not many areas in India have witnessed such stupendous growth. Homebuyers’ interest in this suburb continues unabated, as prices of properties steadily rise. In the period July-September 2017, the average price value of upper range properties in Whitefield is INR 6,678 per square feet, lower range properties is INR 3,493 per square feet and average properties is INR 5,310 per square feet.
Bengaluru is one of India’s fastest growing metros. This growth has been the result of IT and ITeS services industry. Whitefield has changed radically as a result of the growth of this industry. The earlier small cantonment town has suddenly become the real investment destination for both homebuyers and developer alike. The history of Whitefield goes back to the late 1800s. It was primarily a Eurasian and Anglo-Indian community. During the late 1990s, the IT sector boom transformed this locality into one of the most sought after suburbs of Bengaluru.
Due to Whitefield’s proximity to major IT hubs, investing in properties here is always a good decision. One can easily rent out one’s property due to strong demand for such properties. Appreciation values are also increasing. Due to Whitefield being a brimming real estate hub, one can enjoy a number of options for eating out, shopping and nightlife. There are a number of large format retail outlets. All top national and international brands are present here. Buying an apartment in Whitefield is easy because of the plethora of options.
One can find all types of apartments in Whitefield. The demand for middle-income properties is on a high. One can choose from gated communities, villas and premium apartments. The residential apartments enjoy top priority from IT sector employees. However, Whitefield has its share of problems, which are mostly by-products of the rapid growth the area has been witnessing. Traffic congestion and pollution are the top problems here. The air quality here is one of the worst in the city. On a positive note, civic authorities are undertaking massive cleanup activities to take Whitefield to international standards.
While Whitefield is also known for terrible traffic snarls, the Namma Metro is expected to be a big breather for the locals here. The festive season is on, and this is the perfect time to invest in a property in Whitefield.