Whitefield is a promising location in the real estate landscape of Bangalore. The location is known to offer many options for investments. From flats and apartments to villas and independent homes, investors can pick any configuration of property for investment.
Many reasons make Whitefield an exciting location for investments:
1. IT Hub
Whitefield is a prime IT Hub in Bangalore and is well known for that. Numerous IT parks like Brigade Tech Park, Kalyani Tech Park, etc have MNCs like Wipro, TCS, Oracle, and many others. It is a major employment zone attracting professionals from across the country and the world. The demand for both commercial and residential projects in Bangalore is high to meet the needs of the working population.
2. Connectivity
Whitefield is well connected to the rest of Bangalore with a good network of roads and metro. Several upcoming projects like the Purple metro line, and Peripheral Ring Road will boost the area’s accessibility like never before. Whitefield has a good frequency of public transport that seamlessly connects it to many areas of Bangalore and the airport. As a result, residents of Whitefield can enjoy a convenient life.
3. Rising property value
Whitefield has a record of the best return on investments in real estate in Bangalore. The rental returns are one of the highest in the city reaching up to 4%. Investing in apartments in Whitefield or villas is bound to give good returns in the present and future.
4. Social infrastructure
Whitefield boats of one of the best social infrastructures in Bangalore. Popular schools, colleges, hospitals, and malls have their presence here. Forum Value Mall, Phoenix Market City Mall, Park Square Mall, and Inorbit mall are some of the best places to shop in Whitefield. Renowned hospitals like Narayana Multispecialty Hospital, Sathya Sai Hospital, and Vydehi Hospital are in Whitefield. These factors improve the convenience and livability of the location attracting tenants and home buyers.
5. Quality of Life
Whitefield is known as a premium location in Bangalore. Many migrants and NRIs reside in Whitefield making it a happening place of sorts. It hosts some of the best cafes, restaurants, and pubs which are popular among the IT and ITES workers who live here. Whitefield being a bit far from the city center is less polluted with lush greenery. It is a location that offers an ideal combination of healthy living and top projects with the best amenities and facilities.
Whitefield is a good option for real estate investment as many factors indicate good returns for investment here.