Whitefield: A Profitable Realty Investment Destination in Bangalore

The IT/ITes sector has fuelled the growth of real estate in Bangalore and some parts of the city have been influenced more by it than the rest. Whitefield is one such area.  This area in the eastern part of Bangalore has transformed from a tranquil and sleepy settlement in the early 2000 to a happening suburb. It boasts of some of the best properties in Bangalore along with many technology parks, luxury apartments, commercial buildings, special economic zones and captive campuses.

Growth of Whitefield

The IT boom in the early 2000 transformed Whitefield completely. It emerged as a major micro-market and slowly evolved as one of the most preferred residential and commercial destinations among buyers. Vast expanses of land available at cost-effective prices prompted real estate developers to erect housing colonies in the area. 

Good social infrastructure, top quality educational institutions and rapidly developing physical infrastructure makes Whitefield idle in every possible way. Right from furnished apartments to high-end villas, the area presents a range of options to homebuyers.  The area's superb connectivity to business districts makes it attractive for both investors and end-users. In the next couple of years, Namma Metro will further enhance connectivity of the area.

Export Promotion Industrial Park has significantly changed the skyline of Whitefield. With IT companies looking for large volumes of space, the area has turned out to be quite lucrative for builders in Bangalore. With the place situated far away from the hustle-bustle of the city and apartments available at cheaper prices as compared to other parts, it is highly preferred by buyers and developers.

Whitefield is also known for its scenic beauty and in the past few years, high-grade international schools and top class hospitals have come up in the area. Because of its proximity to major IT centers, it is the most-preferred destinations for Bangalore's cosmopolitan workforce. Realty developers of the city have erected top class malls that attract customers to this area.

However, there are certain problems that local authorities must address at the earliest. Pollution, rush-hour traffic and water shortage are some of the problems that persist. However, as the rush for properties continue with the rising mid-income and upper mid-income population Whitefield remains one of the most-profitable realty investment destinations in Bangalore.