Whitefield in Bangalore has begun to be regarded as a premier destination for luxury housing options. From the real estate point of view, buyers are showing an increasing amount of interest in this area as well. If you are planning to invest in real estate soon, Whitefield is definitely an area to look into for the same. Still not convinced? Here are seven irresistible reasons for you to change your mind:
1.Growth in IT and other sectors:
With the introduction and the increased presence of IT and other service industries in this area, Whitefield has transformed into one of the most sought-after localities to reside in. As the boom of these sectors continues, the demand for Whitefield as a residential area will also increase.
2. Connectivity to/from Whitefield:
Whitefield has the advantage of being very well-connected by both road and rail, making it very convenient to travel to and from Whitefield. The proposed plan for phase 2 of metro will link Byappanahalli and Whitefield, which will in turn enhance the connectivity of this region. Better connectivity gives rise to better growth, which is a big factor in determining the property prices in the area
3. Buyer Demand:
The property prices in Whitefield are on the rise as potential home buyers and investors are racking up interest about available properties in the area. Whitefield is considered an ideal investment location as the rental incomes have also been steadily growing since the last few years. Whitefield currently has over 500 residential projects!
4. Rental Market:
As Whitefield is an IT hub, the rental market in this locality is very active. To support a quality lifestyle for the professionals and residents of the area, there are a multitude of shopping and dining options, along with exceptional residential complexes. The growing number of residents are also encouraging more brands to invest and open their showrooms in Whitefield.
5. An assortment of residential properties:
Whitefield has a mixed variety of residential properties for you to choose from- luxury villas, elite apartments, gated communities, and many more. Most of these projects cater to your needs, but based on your preferences, you can select the best one for yourself.
6. Government backing home buyers:
The Indian government has recently introduced numerous options for the Indian buyer in terms of real estate. It has also introduced the Real Estate Regulatory Authority and Development Act to act as a protector of the interests of home buyers. Transparency in the real estate market is increasing, as is the much-needed ease in the whole process, making real estate investment a very profitable deal for home buyers. (Are you a first-time home buyer? Stay informed about real estate here.)
7. Great schooling options:
Along with all the options for residential spaces, Whitefield also offers umpteen schooling options, making it worthwhile for working parents to invest in this locality. By keeping your offices and the schools for your children close to your home, you can cut down traveling time significantly, helping you spend more time at home with your loved ones instead of being stuck in traffic.
With an ever-increasing growth in offices, retail spaces and residential projects, investing in Whitefield seems to be a win-win decision. Purchasing luxurious apartments in Whitefield leaves only one thing to be decided- which one are you willing to go for?
