Property Trends in Whitefield Bangalore
Posted by sunainaram on September 16th, 2015
If you are planning to check out property for sale in Whitefield Bangalore, then you should first do a study of the trends and values in that locality. The property values have been gradually increasing over the last few years, thanks to the improved infrastructure and related developments. Over the years, the value of rent and property for sale has gradually gone up.
When you check the various types of property available in this locality, you will note that the maximum number of residential buildings is apartments, especially the multistory ones. There are also plenty of villas in this locality. Individual houses, row houses, penthouses and other types of residential buildings are comparatively less. Whitefield also has very less plots and lands for sale, maybe because of the fact that most of the land is covered by buildings, industrial, commercial and residential.
Many builders, big and small, are working on plenty of projects in this locality. More than 75% of the projects in the area have been completed while some are still in progress and very few planned for construction.
The average rent for a 2 BHK house in this area is around Rs. 20,000. This rent value depends on the location of the property in Whitefield Bangalore as well as the amenities and facilities available with the apartment. The top localities in this suburban area are Kadubeesanahalli, Hoodi Circle, AECS Layout and ITPL. The minimum value of the property for sale in Whitefield Bangalore is around INR 2,500 per square feet while the maximum value is overINR 10,000. On an average, the land value in this locality is around INR 6000. The property values in different parts of Whitefield are a little higher or lower than this average value.
Most of the residents in Whitefield area are those working in the multinational companies and other industries in the area. They have decided to settle down in this area because of the affordable cost of living when compared to Bangalore city. Also, they don’t have to deal with daily commute and travel expenses. They can save a lot of time in staying close to their offices. The biggest benefit is that there are plenty of schools, colleges, hospitals, banks and other commercial establishments in this area. So, they don’t have to worry about the basic amenities and entertainment spots. Everything is available within close distance. Now that you have a good idea about the trends and infrastructure available here, you can go ahead and invest in the property for sale in Whitefield Bangalore.
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About the Authorsunainaram
Joined: February 9th, 2015
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