Whitefield is one of the biggest IT and ITeS hubs in the city of Bangalore. However, the locality has witnessed a steady transformation from being a quaint and charming area with abundant natural greenery towards being one of the most coveted realty hubs in Bangalore. Whitefield is currently one of the largest tech hubs in all of Asia and this has led to its growing popularity amongst residential buyers. Whitefield witnessed a huge boom when the International Technology Park of Bangalore (ITPB) and Export Promotion Industrial Park (EPIP) were established here. These developments made Whitefield a hugely buzzing suburban location.
More than 4 lakh technology professionals work in various MNCs here. Whitefield’s skyline has changed rapidly with several skyscrapers and premium residential complexes. The demand for residential housing in the area is majorly spurred by IT professionals who are working in offices nearby. The number of retail spaces and IT and ITeS spaces has increased in and around Whitefield. There are land parcels that are available for residential development in the area and physical infrastructure is also top-notch.
Whitefield is located strategically in close proximity to the Old Madras Road or NH-4. Whitefield is excellently connected to several parts of the city via the Whitefield Main Road and links to Varthur Road and Old Airport Road. There is great connectivity to the Outer Ring Road from Marathahalli. The Hoodi railway station is located approximately 3.5 kilometres away while the Whitefield railway station is located around 5 kilometres away from it.
There is great connectivity to the Kempegowda International Airport as well, which is located around 49 kilometres away and can be accessed through the State Highway 104. Over the last 5 years or so close to 30, 000 residential housing units have been added in this area. More than 12, 000 units of this inventory comprises of ready to move in properties. More than half of the inventory will be infused into the market over the next couple of years. There are several attractive discounts and freebies that are offered by leading real estate developers in Whitefield.
Whitefield’s residential property prices are comparatively reasonable although they will go up once again with the next phase of development. Demand is very healthy for residential units in Whitefield and there is excellent connectivity to Bangalore’s central business district and the proposed 8 lane road that will link the area to other major arterial roads of Bangalore. The metro corridor is also being developed between Byappanahalli and Kadugodi under the Namma Metro’s second phase. These developments are expected to boost connectivity for residents in the future and should definitely boost the residential realty market here.