The word Whitefield Real Estate evokes responses like ‘IT!’, ‘Technology Park’, ‘Phoenix Mall!’ and ‘Irish House’ amongst other things today, but cut to a few years back and it was just an Anglo-Indian settlement. With 25 farmer families working in the area, no one could have envisioned that the circularly-planned Eurasian area would be the kind of technological hub that is it today. With growth that big, investors have flanked to the area to set up residential spaces. Let’s look at the reasons for the area’s accelerated growth and upward sloping demand.
Whitefield Real Estate: Location and Connectivity
Situated in the east of Bangalore, important areas like Mahadevapura, Marathahalli, Bellandur and Krishnarajapuram are connected to Whitefield. Two four-lane roads from Mahadevpura (via HAL) and Varthur connect Whitefield to other parts of Bangalore City. The Whitefield Railway station in Kadugodi has trains going to and from Mysore, Chennai, Kolar and more and is expected to be a junction with the new quadruple lines being laid. 3 km from the Railway station is the Whitefield Bus-stop. BMTC (Bangalore Metropolitan Transport Corporation) services are quick and efficient in the area and are used by residents for ease of intercity connectivity. Whitefield is included in the proposed Phase II of Namma Metro with a line going from Byappanahalli to Whitefield which will only improve the locality’s connectivity further.
Whitefield Real Estate: Infrastructure Boom
The latter half of 1990s saw the transformation of Bangalore into a major metropolitan city. With IT giants like WIPRO, IBM, Oracle setting shop in the area along with Manyata Tech Park and other IT-Parks being established, cosmopolitan crowd began settling in Whitefield. This in-turn led to the development of a commercial belt that is arguably, Bangalore’s best.
Commercial Spaces: Malls & Shopping Centers
Apart from popular malls like Forum Value Mall, Phoenix Market City and VR Bengaluru, the area also has clubs like Whitefield Club, Palm Meadows Club, and lounges. Both PVR Cinemas and INOX are weekend movie choices of residents here. VR Mall is known for being home to the only H&M store in Bangalore and the first Irish House Pub in Bangalore. Besides this, popular places like Whitefield Social, Windmills Craftworks, and Harry’s continue to be lively nightlife options. Shopping is an ease at any of the malls above and areas like Indiranagar and MG road are approximately 30 minutes away.
There are a large number of format retail outlets in the area- the biggest being Brookefield – a high street option- with many national and international restaurants chains.
Whitefield Real Estate: Healthcare and Education
Quality education is perhaps one of the biggest demands for any residents in a residential space. Popular schools like Whitefield Global, Vydehi School of Excellence, The Deens Academy School, and Ryan International-affiliated to CBSE-are good options. Higher education options include Vydehi Institute of Medical Sciences & Research Centre, and Sri Sathya Sai Institute of Higher Medical Sciences, Institute of Bioinformatics. When it comes to healthcare, there are major hospitals like Narayana Multi-Speciality Hospital, Columbia Asia Hospital, Cloudnine Clinic, and Sri Sathya Sai General Hospital as well as several specialty clinics and pharmacies.
Whitefield Real Estate: Upcoming Projects
Apart from the proposed Metro railway line, there’s also the upcoming Embassy Mall on Whitefield Main Road, and Diesel-Electric Multiple Unit (DEMU) train special services between Yeshwanthpur and Whitefield. Road widening projects have been proposed as well from White Acres, Kadugodi Road and Chinapanahalli.
Whitefield Real Estate: Homes and Investment
Considering how Bangalore’s growth has been directly proportional to that of Information Technology (IT) and IT enabled services (ITES) industries in the city, and the fact that the city is notoriously known for its traffic- an area that is self-sufficient is automatically elevated to the position of a great investment option.
Of this, the immense traffic that Whitefield sees day in and out, not to mention the dreaded ‘peak hour’ traffic that is seemingly endless characterizes not just the place, but what people look for in it. With needs as high as the place demands, one would notice only top names when it comes to builders in the area. This translates to the fact that not only are all properties high-end and fully-equipped but also have all the necessary legalities done and sorted so the process of claiming the house is easier, especially for the people that don’t live in the city.
Prestige White Meadows, which is an exclusive ultra luxury homes for the very upper section of the society. Offering 4, 5 and 6 BHK apartments, the amenities include the regular indoor and outdoor sports facilities, health clubs, and convenience stores, as well as important features like rain water harvesting and CCTV cameras. Luxury features include mini theatres, Jacuzzi and steam amongst others.
Sobha Habitech, meanwhile 2, 3 & 4 BHK apartments over a 4.5 acre area. A mix of premium and luxury, the property offers necessary amenities like a club house, indoor and outdoor games facilities, power backup, 24 hour security and more and have thrown in luxurious facilities like Jacuzzi and sauna room, an outdoor party area amongst others.
Considering recent traffic problems, jams and travel problems caused by trucks and school children crossing the road at the same time as traffic flow, Hope farm junction’s popularity is steadily going down. With new projects being undertaken to help ease all of these problems, the area hopes to eliminate the one problem that is has.
Attention in Whitefield has shifted to the fast- developing Sai Baba Ashram road, due to its excellent connectivity to areas around Whitefield and easier access to airport. Real-estate developers have their eyes set on the road. Seeing potential in the area, Bearys’ has already developed a 1 million sq.ft commercial project on Sai Baba Ashram Road. The popular properties in this area are:
Sobha Amethyst which offers 3 bhk apartments over 9 acres of land with 18 floors. Along with the regular amenities offered, some notable ones include a barbeque pit, an ATM and several departmental stores.
Sumadhura Group has a vast portfolio of complete and under construction projects at Whitefield. There projects at completion stages include Shikharam (Sigehalli), Silver Ripples (Borewell Road), Pranavam (Hoodi Junction) among others.
One of the more popular builders on this stretch of road include Assetz, who have launched their project, Marq offering 2 and 3 BHK homes with additional options of penthouses and duplexes. The most notable feature of this project is the fact that it has several ‘communities’ and blocks, each with its own club house. The project also has a commercial complex, with a school within the property as well.
The IT Boom has radically changed the face of Whitefield. Most residents prefer 2-3 BHK flats and most investors are expats considering how convenient the location is. Besides this, an apartment in the area is easy to rent out, considering how most people who travel to Bangalore for work, would look at the area as their top preference. Whitefield’s track record with trends of demand and appreciation has been consistent in the past 15 years with a 13% price appreciation at-least for the next 3-5 years.
(Bangalore: Real Estate Market Report) Invest in this IT-Corridor and you’re sure to be as self-sufficient and content as the area itself is.