Whitefield has observed a rapid growth in the real estate sector and IT presence has had its toll on Whitefield. The prices of the properties in Whitefield has been on a rise since past few.years. Whitefield is most highlighted areas in Bangalore and Due to presence of prominent IT companies such as Wipro, IBM, Oracle, etc., the price of the properties in Whitefield has been rapidly developing as it is a key locality in Bangalore. This locality lies in proximity to established neighbourhoods and so many MNCs prefer setting up their corporate offices in Whitefield. As the area is conveniently located, there is presence of a vibrant employment hub and infrastructure improvements too makes Whitefield a key residential hotspot of Bangalore.
The property rates in Whitefield Hope Farm Junction, Bangalore is never steady, therefore the investors needs to act as per the market movement if they want to maximize the profit. At present, there are more than over 2000 properties at sale in Whitefield. The prices of these properties in Whitefield Hope Farm Junction starts from Rs 20 lakhs and goes up till more than Rs 10 crores.
There are 1 BHK, 2 BHK, 3 BHK, 4 BHK and 5 BHK option available for buying an apartment in Whitefiled Bangalore. The properties between Rs 40 to 60 lakhs in Whitefield mostly consist of 2 BHK and 3 BHK apartments. The project between Rs 40 to 60 lakhs has two to three bedrooms with mostly two to three attached balconies and spacious living room along with kitchen. The price band of the apartments in Whitefield is from Rs 4000 to Rs 8500 per square feet approximately. These apartments are of around Rs 40 to 60 lakhs project in Whitefield. The size of these apartments which ranges from Rs 40 to 60 lakhs varies from 800 sq ft to 1500 sq ft approximately.
Over the last few years Bangalore city recorded a rise in demand for 2 BHK and 3 BHK units, people are looking for space and convenience at an affordable rates. The projects which ranges between 6
40 to 60 lakhs are 2 BHK and 3 BHK apartments which are referred as popular segment as it serves living room, kitchen, dining room and bathroom at affordable cost which suits to the budget. These apartments are a convenient, spacious and affordable option to employees of the IT professional, newly married couples, and families who have started their journey and Wish to settle down at a peaceful but convenient location.
The properties ranging from Rs 40 lakhs to 60 lakhs in Whitefield have been in demand as they are luxurious and spacious along with being convenient. The areas like Whitefield is developing at a fast pace and has seen significant growth in the Residential sector in past few years. With relative property value stability and steady development, Whitefield is definitely a good choice for property investment. Most builders in Whitefield are top listed and hence ensure that they are through with necessary legalities and paper works, thus easing the burden on non-residents.