Whitefield, located in the eastern part of Bangalore, is currently one of the city's residential real estate hotspots. The city has seen phenomenal growth in recent years, with residential and commercial real estate developing rapidly. Physical and social infrastructure development has kept pace with this development, and Whitefield is now a well-developed place in Bangalore.
Whitfield is fast becoming one of the premier, trendiest, and most cosmopolitan locations for real estate investment in Bangalore today. Whitefield's excellent physical infrastructure is gradually being improved and developed, increasing the city's profitability. The neighborhood also has several world-class healthcare facilities, renowned educational institutions, and nearby shopping and entertainment venues.
The presence of several major employment centers in the area has made Whitefield a premier place to live today. The housing market here is booming, with new residents interested in building apartments in the neighborhood. A notable trend in Whitefield has been property developers' launch of several new luxury residential projects.
Most new development projects launched in the last quarter of 2020 were centered on Whitefield. Another trend noted in Whitefield is that new homebuyers are now beginning to be drawn to mid-market apartments. 2.5 to 3 bedroom units are increasingly preferred, with homebuyers preferring investing in ready-to-move homes.
The pandemic has alerted homebuyers to the need for social distancing, open spaces, and privacy. This is already evident in the trend of buyers seeking projects in areas with low density and large open spaces. Smart and tech-enabled homes that feature the latest technology are also preferred, mainly by younger, hip, and tech-savvy real estate investors.
Whitefield has many housing projects, modern shopping malls, hotels, and other social infrastructure. The area is easily accessible from anywhere in the city via two sections at KR Puram and Marathalli. A significant improvement in travel time was achieved in 2015 when the Bangalore Metro Rail Project and Phase I of the proposed Peripheral Ring Road (PRR) were completed.
In the past, a corridor for the metro was proposed with a length of 18 km. Increased demand for offices, retail space, and a home for rent in Whitefield has fueled overall economic growth, and prospects for future growth are good.
Godrej Properties new launch apartment is Godrej Splendour.