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Is Whitefield Still A Good Investment Bet? - Charmprincess





Initially embarked upon as a IT/ITES driven real estate market, Bangalore was known for its commercial properties. But over the years, with infrastructure development and more employment opportunities, the city is now known to offer an impressive mix of residential and commercial real estate. One of the important areas that has garnered much of the investor’s attention is Whitefield in East Bangalore. Bangalore’s IT boom transformed the locality from a quaint suburb to a major growth corridor. Property in Whitefield Bangalore is in high demand among the professionals of the IT sector because of its excellent connectivity with the city’s IT hubs. The neighbourhood has kept its charm alive by maintaining its scenic green beauty and the surroundings lashed with greenery.

East Bangalore is known for its standalone prominence as the commercial nerve center of the city. With the establishment of Electronic City and the EPIP zone, this quadrant has attracted a lot of investors. The development of SEZs and STPs further fuel the growth. The reasons as to why Property in Whitefield Bangalore has become so popular can be broadly divided into two categories:

Connectivity Related Advantages-

It has grown into one of the most sought-after localities because of its connectivity with Bangalore’s IT hub and several other important locations. It offers hassle-free access via the Outer Ring Road and the Old Airport Road. Proximity to the airport further adds to the advantages. It is well-connected via flyovers, under bridges and other local transport networks. The Namma Metro is also extending upto the locality in its second phase. Good connectivity via a network of roads has also led to a surge in the demand for Residential Projects in Sarjapur Road Bangalore as it is the liaison between residential and commercial areas of the city.

Other Advantages-

In addition to its connectivity features, Whitefield also boasts of a full-fledged social infrastructure replete with high quality schools, colleges, malls and multiplexes, retail centers, entertainment centers and all the other facilities that complement a comfortable urban lifestyle. Continuous development is recorded in the segment to offer the residents with a higher standard of living. Metro connectivity will bring more additions to the neighbourhood’s social landscape.

Being a commercially driven locality, it is obvious for it to see immense growth. Property prices in the locale shot up as soon as the IT boom swept Bangalore’s skyline. And now with large scale residential and commercial development, the skyline mirrors that of an international destination. Though the market is gradually reaching saturation, it is still a good investment bet.

Source by Gaurav Singh



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