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Whitefield The Area of Bangalore to make good returns with Its Rising Property market

December 01, 2016 | Sarika Aggarwal

Whitefield The Area of Bangalore to make good returns with Its Rising Property market

Whitefield is highly recommended for buyers looking for ‘THE’ perfect destination to invest in real estate, to not only substantially increase their net worth, but also own a property in one of India’s most preferred enviable locality. Bangalore, the Silicon Valley of India, is the base for numerous prestigious IT hubs, multinational companies and industries and is benefiting immensely towards the economic and infrastructural growth of the city.  Driven heavily by Bangalore's IT boom, Whitefield has transformed into a major suburb of Bangalore with not only the country’s elite but also the expats yearning to live here, making it one of hottest property investment destinations of Bangalore.

Over the last two decades, from early 2000, Whitefield has metamorphosed from a quaint suburb on the eastern periphery to a posh upscale locality of Bangalore. It all started when the Maharaja of Mysore, His Highness, Chamaraja Wodeyar IX granted a whopping 16 square kilometers of land (now Whitefield) for the purpose of agricultural settlements to the Eurasian and Anglo-Indian Association, Mysore and Coorg (E&AI).  The then governor of Madras (1882), H.E. Lord Connemara and British resident in Mysore (1890), General Sir Harry Prendergast highly promoted the development of Whitefield. When a railway station was built on the Bangalore-Madras (now Chennai) line, large number of families working at the Kolar Gold Fields settled here. It is believed that the UK prime minister Mr. Winston Churchill,  frequently visited the Waverly Inn in Whitefield to court Rose Hamilton, the daughter of the innkeeper, thus making this charming area oozing with old world charm.

The present-day Whitefield nestled in greenery and scenic beauty is home to a number of international standard schools, hospitals, hotels, and residential/ commercial spaces. The Brookfield is the chic street full of restaurants both national and international.  Famous mall like The Forum Value Mall, Park Square, Cosmos Mall and Inorbit Mall add to the cosmopolitan feel of the area. The famous super specialty hospital Sri Sathya Sai Institute of Higher Medical Sciences was inaugurated by Sri Sathya Sai Baba himself in 2001. The Export Promotion Industrial Park (EPIP), the International Tech Park, Bangalore (ITPB) are home to many IT and ITES company offices that are based here.

Residential properties in Whitefield enjoy great connectivity with the rest of Bangalore through two major four-lane roads, the Whitefield road via Mahadevapura and the Varthur road (HAL Old Airport Road) via Marathahalli.  The roads intersect with Karnataka State highway 35 (SH 35). The Whitefield railway station is just 3 km from here. It is well connected with the city bus service the BMTC. The Namma Metro project will greatly enhance Whitefield’s connectivity with the Purple line extending from Byappanahalli to Whitefield.

The real estate property in Whitefield has become highly desirable especially the residential property in Whitefield Bangalore. Reputed real estate developers have come up with world-class premium projects offering luxurious, lavish and contemporary living options to the customers.

Real estate developers have launched a number of luxury villas, high- end apartments like the Brigade Lakefront and gated communities with superior specifications and world-class amenities, which have become dream places to live in for the aspiring buyers.

It is no surprise then that the jet-setting young individuals of NRIs, high net worth individuals prefer to live in Whitefield in complexes like the Godrej United and the unending demand for real estate options here is unabated.

 Real estate prices of Bangalore specially Whitefield for the last few decades have been showing a phenomenal upward trend creating a windfall of monetary gains for the proactive investors. With a host of premium projects such as the Brigade Cosmopolis to choose from the investors sure are a pampered lot in a win-win situation.

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