Whitefield Real Estate Trends 2023
For a long time now, Whitefield has been one of the most well-known IT clusters in the state of Karnataka. Whitefield is home to a number of Bangalore-based builders and developers who boast of offering large, luxurious apartments. It has excellent connectivity, little pollution, and close access to workplaces, making it a great spot to invest. This suburb, which is currently one of the most sought-after areas, has good metro connectivity to other areas of the city.
Whitefield, an ancient Eurasian settlement in East Bangalore, is well-known for its residential buildings, abundant vegetation, and neatly positioned trees. The Bruhat Bangalore Maha Nagara Palike is in charge of it (BBMP). The neighbourhoods in the vicinity are Brookfield, Hoodi, Kadugodi, and Varthurm.
Both residential and business properties are good in Whitefield. The Whitefield region is home to a number of shopping centres, including Forum Value Mall, Phoenix Market City, Park Square Mall, and Inorbit Mall. Here, you may find all different types of commercial properties, such as shopping centres, IT parks, office buildings, commercial complexes, private business spaces, and restaurants.
Whitefield has grown into a self-sufficient neighbourhood as a micromarket. This region has a strong social infrastructure and a developing physical infrastructure in addition to being a destination for IT. As a result, there is still a considerable demand for luxury residential complexes.
Whitefield Transit Stops and Connection
The two main 4-lane roads that connect the city’s heart to Whitefield are the Whitefield Road via Mahadevapura and the Varthur Road (also known as HAL Old Airport Road) via Marathahalli. The Karnataka State Highway 35 (SH-35) is where the two roads that intersect it run in a north-south direction.
The Whitefield Train Station, which is on the Bangalore-Chennai route, is located about 3 kilometres north of the Whitefield bus stop. The railway is double and electrified, and a quadruple line project has been proposed for the part of the railway between Krishanrajapuram and Whitefield. The Whitefield-Kolar Line, which is scheduled to make the station a junction, will offer improved connectivity.
Just Bangalore City Junction is the departure point for the main trains to Whitefield. The Mysore-Howrah Express, which runs from Mysore to Howrah, the Chennai Express, the Seshadri Express, the Tirupati Passenger, and the Kanyakumari Express are among the trains that travel through the region. The travel time for all of these trains from City Junction to Whitefield is between 30 and 40 minutes.
The 50 km away Bangalore International Airport is the closest airport to Whitefield. Moreover, air-conditioned Volvo buses with models like the 335E, 335P, 500k, 500C, 500L, etc. are available for transportation.
- Biggest Landmarks
- The Global Technology Park
- Office in Whitefield, India, for Oracle
- Corporate Office in Geneva
- TCS
- IBM
- TESCO
- The Sathya Sai Baba Medical Center
- Ashram of Sai Baba
Whitefield Historical Growth Factors
Whitefield is renowned for its technology parks, including Export Promotion Industrial Park (EPIP) and Bhoruka Tech Park, which are home to numerous IT and ITES businesses. Accenture, Symbian India Ltd., GE (John F. Welch Technology Center), and Wipro are significant providers of IT/ITES services. Other significant providers include iGate Global Solutions, Sapient, Manhattan Associates, SAP Laboratories, Perot Systems, Dell, IBM, Intel, and Oracle. Modern infrastructure and expertly managed services make Whitefield the ideal location for business transactions.
Whitefield is home to some of the top businesses in the world, with Hindustan Lever Research Center (Unilever) and Padmini Industries topping the list. The Special Economic Zones (SEZs) were developed in Whitefield by SAN Engineering and Locomotive Ltd. for a price of Rs 339 crore on 10 hectares.
Whitefield has a sizable expatriate community, which is due to the area’s significant economic and commercial development, quick growth of IT/ITeS offices, and other factors. Due to this, there is a high demand in the micromarket for residential buildings, particularly for middle- and upper-middle-class individuals.
Whitefield Commercial and Residential Markets
Whitefield Household Market Trends
Whitefield apartments are thought to cost around Rs 4300 per square foot on average. Mulberry Mist, Amrutha Value, and Gopalan Atlantis are a few of the Whitefield developments that are reasonably priced.
Investors should expect returns of between 8% and 10% on their investments in this area, which will undoubtedly experience tremendous growth and ROI. In this area, apartments typically cost between Rs. 300 and 8000 per square foot. An average square foot of land costs between Rs. 4000-10,000.
Whitefield Business Market Trends
With more than 400 businesses, including Oracle, SAP, TCS, Cap Gemini, HUL, Aviva, 24/7, HCL Perot Systems, Intel, and Wipro, Whitefield has been a significant IT/ITeS cluster since the early 2000s.
Whitefield Metro Purple Line
An upcoming metro stop in Bangalore, India is called Whitefield. It is the eastern terminal metro station on Namma Metro’s Purple Line’s east-west corridor. The neighbourhood of Whitefield is served by this station. The Whitefield railway station, the Kadugodi Bus Terminal, the BSNL Telephone Service Center, the Sri Sathya Sai Baba Ashram, and many more places can be found close to this station. Beginning on October 25 and lasting for a month, the Whitefield-KR Puram trial runs were successfully completed.
Whitefield metro station Google map link
Whitefield Significant Obstacles
After being fully utilised, many bore wells in Whitefield have stopped producing water. The private water tanker business is a common occurrence at the end of practically every street, and those who can least afford it must pay a high price for water. The ancient sewage lines were enough for the load at the time, but the area lacks proper ones.
Even though Section 72 A of the Bangalore Water Supply and Sewerage (Amendment) Act 2011 requires a RWH facility for storage or groundwater recharge for every building on a site of 2,400 square feet or larger, as well as the owner who proposes to construct a building on a site 1,200 square feet or above, the reality is very different from what is written on paper. The Whitefield region is a prime example of unplanned revenue pockets, where houses lack even the smallest amount of room for RWH, much alone sanitary and water supply pipelines.
Future Development Potential Factors in Whitefield, Bngalore
Whitefield is a self-sufficient suburb with a wide variety of housing complexes, modern-format shopping centres, hotels, and other social infrastructure. Two lengths in KR Puram and Marathalli make it simple to go to the region from any part of the city.
The Metro, which will be 18 kilometres long and should be finished by 2017–18, has a proposed corridor. Residential settlements are growing along with the demand for business and retail space, and overall Whitefield is seeing tremendous economic expansion. By 2015, when the Bangalore Metro Rail Project and projected Peripheral Ring Road (PRR) Phase I are finished, significant reductions in travel time are anticipated.
The development of M/s United Oxygen Company Private Ltd’s site on Whitefield Main Road, Bangalore, will be managed by Godrej Properties Limited, the real estate division of the Godrej Group. The property is close to Hoody. The project, which is being constructed as a residential housing project, will have a saleable area of about 1,000,000 square feet. The project will be a significant development in the area and have good connectivity to Bellandur’s IT and ITes belt on the outer ring road.
Also, take a look at these fantastic Whitefield apartments near these businesses!
