Invest in Ready to Occupy Flats in Whitefield Bangalore

Posted by sunainaram on September 22nd, 2015

Planning to invest in a residential apartment? You should do a lot of careful research and study into the market trends, property values, infrastructure and other amenities before you make your decision. Whitefield has been a suburban area in Bangalore that has seen consistent property growth and development in the last decade. What was once primarily a British settlement area, Whitefield is now a hub of software companies and industrial units. Many people prefer to invest in the ready to occupy apartments in Whitefield Bangalore as it has plenty of good aspects to its name.

Whitefield is well connected to the city and via road and railway. It gives the comforts of the city and the peace of living away from the hustle and bustle of a city. This dual benefit makes it one of the top spots for investment. So, it is no wonder that most buyers are interested in the apartments for sale near ITPL.

If you check out the property trends in this locality, you will see that it has been consistent and slowly growing over the years. This steady growth has made it an investors’ haven. Spurts of ups and downs usually don’t spell well for any investment, and so this consistency is one of the biggest points in favour of those who are thinking of purchasing one of the ready to occupy apartments in Whitefield Bangalore. Currently, the average cost of a multi storey apartment in this locality is around Rs. 3,600 to around 6,200 rupees per square feet in most areas. In some of the posh areas, you can expect the prices to be as high as Rs. 10,000 per square feet.  If you are planning to purchase a plot of land, then you may have to shell out nearly Rs. 27,000 per square feet. After purchasing the land, the buyers will have to spend more of their time and effort in constructing the house. So, most buyers think it will be better to buy one of the apartments for sale in ITPL.

The property value of building and land has appreciated by nearly 6 percent from the last quarter. This appreciation shows that the property values in this locality are improving over time, and so buying an apartment or flat in this locality will definitely be a good investment. Whitefield also has a good infrastructure with many hospitals, banks, schools, colleges and other institutions. All these features show that it is a good idea to buy property in Whitefield.