Property in Whitefield
Bangalore has a very stable residential market which promises to offer good capital profits for short to medium term investments, depending on the type and location of the property investment. Since it is an investor centric market, there is a scope for the end users to negotiate and seal the deal on their terms and conditions. For those interested in affordable housing, Mysore road is a good investment area having a plethora of budget projects.
Those who want to buy plots can move towards North Bangalore and invest in locations next to Bellary Road up to Yellahanka Dhoddaballapur. Whitefield in east Bangalore and parts of South Bangalore are good options for buying luxurious villas, bungalows, independent project layouts or high-end luxury apartments. It is brimming with many best-in-class developments and is a good option for lavish living or investment purposes.
Property in Whitefield: Set up in East Bangalore, Whitefield or famous as White field is an early Eurasian settlement which is preferred for its perfectly aligned trees, lush green spaces ,amazingly crafted residential developments, flawless connectivity and for being the nerve center of city’s IT sector.
The growth of the IT sector has fueled the real estate development in the country especially in the city suburbs and Whitefield is one such area where prominence of IT/ITES companies has made it the hotspot for investment. It is a major IT dominated locality of Karnataka that flaunts excellent connectivity and proximity to the offices and corporates, to major parts of the city via metro and has zero pollution levels. The locality is famous for housing landmarks like the international Techno Park, Oracle India Pvt Ltd Whitefield Office, Export Promotion Industrial Park (EPIP), Geneva Corporate Office, Sathya Sai Baba Hospital and Sai Baba Ashram. Major IT companies having their offices here are Accenture, TCS, Symbian India Ltd., IBM, Intel, Tesco and Oracle. Due to the rapid economic development, there is a growth in the commercial spaces and corporate offices and hence the people migrating to this part of the city are considerably high. This leads to an increased housing demand particularly for middle and upper middle income segments. The locality witnesses a significant growth in ROI and hence property in Whitefield is expected to yield 8-10% return on investments.
Many first class builders and developers have invested in property in Whitefield and have come up with some iconic commercial and residential creations that boast of big, capacious and meticulously designed accommodations. Some of the projects are huge and captivating and are build up on property which due to high demand have seen an appreciation of about 40-50% just within a month or so. Thus with the increasing demand and development of the area, the property rates are also on an upward graph and can fetch higher returns in future.
Besides being the IT hub of the state, Whitefield has a developing physical infrastructure and good social infrastructure. Its professionally managed services and good infrastructure makes it the most sought after location for property purchase. The area also has several reputed educational institutions, famous shopping malls and is renowned as the gourmet hub of Bangalore since it is a home to many top class restaurants offering international cuisines. It is overall a self-sustaining locality and that is what makes it the most desirable area for property investment. All these factors combined make Whitefield a standalone locality having excellent connectivity and good social and physical infrastructure.
Other areas near Whitefield which are good for investments purposes are Sarjapur and areas near the airport. These areas enjoy good connectivity to IT parks, are developing at a faster pace and are appealing destinations for both investors as well as developers who are coming up with luxurious projects being built up there.