As Bangalore’s tech sector grew, so did the number of young people eager to relocate there in search of a home close to their place of employment. At this point, a number of neighbourhoods in the city began to experience an abrupt increase in demand for residential areas and were overnight recognized on maps of Bangalore and India. Whitefield became one of the main technological and populated areas of the nation.
The emergence of the IT wave
Thousands of young IT professionals can find employment in several large multinational corporations (MNCs), information technology (IT) firms, and start-ups that call Whitefield home. It has evolved into a tech hub and is home to a number of IT parks, including the renowned International Tech Park. In this prestigious area, residential buildings will continue to gain popularity as the tech boom is predicted to accelerate in the future.
Large-scale centre for social infrastructure and entertainment
A residential community must have enough social infrastructure services. When it comes to social infrastructure, flats in Whitefield Bangalore are at the top of the list since it has reputed educational institutions, hospitals, banks, and shopping centres. Whitefield has a lot to offer. including theaters, 5 star hotels and a Jazz theater. As a result, purchasing real estate in Whitefield involves considering both the home and its proximity to basic amenities.
Better connectivity
Due to its interconnectivity, Whitefield is popular among investors. The Whitefield Railway Station is only three kilometers away, while the Kempegowda International Airport (KIA) is a one-hour drive away. One of the main factors influencing real estate values in the upcoming years will be the Metro Rail project, which will incorporate Whitefield into its network under Phase-II.
Significant capital growth
Rapid development is accompanied by property values rising quickly. Whitefield has seen a substantial rise in property values as a result of its close proximity to important commercial areas and the high number of tech offices that have opened here. This area is ideal if you want to buy a house primarily as an investment because it’s easy to find a tenant and generate a sizable rental income. The demand for housing options has increased as more individuals relocate to this area for employment.
Numerous options for accommodation
The variety of housing options that Whitefield offers is an intriguing aspect of the city. It offers a variety of opulent villa options, township developments, apartments in Whitefield Bangalore, etc., at various price ranges to suit various budgets. Whitefield is one of the best neighbourhoods in the city for purchasing a property thanks to many housing options.
In conclusion, it can be argued that the IT boom, a driving force behind Whitefield’s growth, has produced a sizable job market that has two enormous advantages for anyone looking to buy a home in the area. First of all, if you buy a home here, you can live closer to your place of employment, and secondly, real estate offers good returns on investment.
