What is the potential of Whitefield in the next 5 to 10 years?
Whitefield is a worker's dream and nightmare. The place for jobs and traffic jams, the home for residential apartments, and the business for big villas. It is Bangalore's contradiction. In its growth, you can see Bangalore's growth itself. The area is a chaotic mix of IT companies, industries, retailers, and residential homes. Whitefield is one of Bangalore's most luxurious residential locations and its foremost tech hubs. The area has witnessed skyrocketing growth over the last years and holds great potential for future development. It has recently been catching niggles, but there are vital projects which will undoubtedly boost its future real estate prospects tremendously.
Phase II of the metro network will be linking Whitefield and Byappanahalli, and the Peripheral Ring Road is also being built. These two significant projects will make connectivity smoother in Whitefield and lead to skyrocketing growth in real estate demand, as estimated by real estate experts. The Peripheral Ring Road in Bangalore will connect state and national highways in Bangalore, including the Old Madras Road, Bellary Road, Tumkur Road, and Hosur Road. This will improve residents' connectivity and lower traffic on the ORR (Outer Ring Road). The metro railway network is projected to be operational by 2020, and these road projects will decongest the entire stretch. Whitefield is home to many leading tech companies and MNCs and has the ITPB (International Technology Park of Bangalore) and EPIP (Export Promotion Industrial Park) in the vicinity. The area was a quaint zone until the beginning of the new era. As we entered the new phase, Bangalore saw an IT growth that changed the affairs in the Whitefield. Once considered a quiet area, Bangalore has changed into the country's biggest IT hub. It was the first area that benefitted from this tech revolution, and today it has become one of the residential hotspot destinations in Bangalore.
Change begins with the IT transformation
After the development of ITPL, the old Whitefield disappeared overnight. Hotels and restaurants were constructed, the old little English houses paved the way for cafes, and senior apartments took over the open fields and luxury villas. Once empty, streets became congested with traffic; school buses hurriedly dropped children, busy-looking employees rushed for official meetings, and street workers set up their stalls everywhere. This speedy and significant transformation changed thousands of lives as people from all over the country came to Whitefield with dreams in their eyes. Global companies in the area now attract workers in large numbers, which is a golden opportunity for the leading real estate investor. Whitefield has the best hospitals, seven-star hotels, premium serviced guesthouses, cafes, and restaurants that offer various cuisines from across the world, huge malls, and theaters with everything in entertainment. The demographic profile of the site has changed from ordinary, middle-class people to cosmopolitan, modern young professionals.
Real estate Scenario in Whitefield
The Metro Rail network project has been Whitefield's most crucial driver of residential property prices. By the 2016 end, residential property prices floated near an average of Rs 5,000 per sq ft as the crush of the non-native population pushed up demand for luxurious duplexes, villas, and premium flats. However, the area also fulfills the middle-income people with apartments ranging between Rs 40-50 lakhs and going up to Rs 1 crore, most of which are ready-move-in apartments. A range of luxurious villas and apartments featuring cutting-edge facilities have developed in Whitefield. There are no longer just apartments but villas and gated complexes for sale in the area. The real-estate experts claim that properties in Whitefield have an appreciation potential of about 11%-14% in the next coming 2 to 3 years and continue to rise further.
Investing your savings in Whitefield is an excellent decision because it is one of the areas that has seen robust demand and appreciation in the last ten years. Purchasing a luxurious apartment or a villa in Whitefield is also a great investment decision, as the flats and villas in this area can be easily rented out for monthly rental incomes. The region has a top preference for rental people among the non-natives mainly because of its proximity to the major tech hubs of Bangalore. Whitefield is witnessing many residential and commercial properties by leading real-estate builders like Prestige Group, Sobha Developers, Provident Group, Purvankara Group, etc. The IT boom and seamless connectivity have further catalyzed the real-estate projects in Whitefield, ECC Rd, and Pattandur Agrahara. Whitefield is one of the extraordinary residential destinations in Bangalore. A good number of residential and commercial projects are being developed and have boosted the efforts of real-estate price trends in Whitefield. The Prestige Lavender Fields is spread across acres of the natural landscape in Bangalore. This residential conglomerate has luxury apartments, a unique blend of 1-BHKs, 2-BHKs, and 3-BHKs. The project comes with top-notch amenities to make your stay filled with luxury.
Prestige Lavender Fields
An upcoming luxury apartment complex in Bangalore called Prestige Lavender Fields offers first-rate residences for people of all income levels. Prestige Lavender Fields provides luxurious homes with the most natural light and air. The houses are constructions with impressive designs and clever architecture. It makes them one of Bangalore's most sought-after new residential areas. The expansive Prestige Lavender Fields are covered in lush vegetation and stunning scenery. The development offers designed apartments across magnificent high-rise towers with many gardens. There's enough room between the towers and resident parking in each building.
There are lovely parks, walkways for strollers, and visitor parking. Each home is Vaastu compliant, planned, and constructed. Bangalore cite as having the best residential options in India. The town offers its residents plenty. Prestige Lavender Fields, situated in the most desirable residential areas, provides excellent access. The project's location will be close to well-known academic institutions and medical centres. Due to its vibrant culture, Bangalore is a favourite among IT and working professionals. These factors have contributed to the city's rapid growth.
This group always guarantees luxury and fine living in upscale surroundings. The ideal urban, cosmopolitan house combines practicality and comfort with contemporary style. The Prestige Group is well reputable for beautiful projects situated in serene settings. This team is renowned for creating excellent projects using only the most cutting-edge methods and premium materials. When you invest in a project from the Prestige Group, you are purchasing real estate. Prestige properties always demand rent, and the owners guarantee a good income. The tasks of this builder always ensure a good return on investment. Modern and the utmost care install to design, plan and construct prestige properties. A Prestige Group-developed property will always be of the highest calibre and excellence. This prestigious builder understands the impact of surroundings on residents. Thus, every project locates in an attractive environment.
Prestige Waterford
The ace builder Prestige Group developed another remarkable residential project Prestige Waterford, in the established locality, Whitefield, East Bangalore. Sprawling across a humungous 16.6 acres, there are 689 stunning apartments in 3 and 4 bedroom sets in tall towers with multiple options in layouts, sizes and prices. The homes are Vaastu compliant and are carefully crafted, assuring privacy and the best use of space in each abode. The confines of the complex include a stacked-up landscape garden, formal courtyards, an array of terraces, reflective ponds, seating areas, step walls, hidden courtyards and a maze garden. The residents can enjoy unobstructed panoramic views of these from each of their abodes as they are well demarcated. The dwellers can spend their leisure hours with signature amenities which the builder has chosen explicitly for all age groups. A fully equipped Clubhouse is available, loaded with fun, recreational, and fitness activities. Essential amenities include a Swimming Pool, Gymnasium, Cricket Practice Pitch, Tennis Court, Badminton Court, Health Club, Multipurpose Court, Outdoor Game Area, Bicycle Track, Joggers Park, Children Play Area, Mini Theater, Event Lawns, Party Halls, Convenience Store etc. Prestige Waterford starting price is INR 1.70 crores.
Prestige Waterford location, Whitefield, is also a significant one as it is one of the sought-after areas of Bangalore. Some of the prominent IT parks and business hubs are located in this place. These host multiple reputed MNCs and Indian companies which employ numerous people across various domains. Infra-wise also, the area is much developed with proper multitudes of options in education, shopping, dining, entertainment, healthcare, banking, hospitality, elegant and modern residences from top realtors etc. The project is well-connected to the city through the arterial roads, a boon for the dwellers. The possession date of Prestige Waterford is 31st December 2023; however, with the myriad benefits the project holds and being one of the prudent investors have purchased the homes, and it is already sold out!
