Known as the biggest IT hub in the country, Whitefield is a residential locality in demand for properties for residential living. IT employees seeking to get a job in IT firms, should, consider to buy a unit, to, stay closer to their work place.

The city offers a well-developed infrastructure and comprises of reputable educational institutions, hospitals and schools. This, makes Whitefield, a, self-sufficient city.

Future Infrastructure developments: Enhancing Whitefield’s development and connectivity

Upcoming developments are going to enhance this area’s development and offer comfort in commute to it’s residents.

A peripheral ring road of 74 km is going to be constructed, which is a big bypass that is expected to be finished in 2027. This bypass will go through Whitefield and will lessen the travel time to many localities in Bangalore, and the airport.

A metro line the Namma metro (pink line) is going to come up and is under construction and will be part of the metro rail network for the whole city of Bangalore, Karnataka, India.

This pink line will connect with the purple Line at MG Road station. It will also connect with the Blue Line at Nagawara and with the Yellow Line at Jayadeva Hospital station. Both these lines are under development. The whole line is planned to start at the end of March 2025.

One more metro line that is the blue metro line is under construction. This metro line will go through Whitefield and will connect to the Kempegowda International Airport. It’s construction is expected to be finished by June - September 2026.

Demand and supply dynamics at Whitefield-

Research from Prop equity shows, that in the year 2019, Whitefield had 27,000 units. But, the supply here has significantly reduced in the past 5 years to 12,000 units. But, here is the good news, the number of sales here has surpassed the supply for the first time here.

And, due to this, there has been an inventory overhang of 5 months, which is good for Whitefield’s real estate market.

A Promising Price Appreciation In The Coming Years At Whitefield-

From Propequity data, Whitefield has witnessed a price appreciation of 63% from 2019-2023, showing a 12.6% year-on-year compounded annual surge in price.

A 12.6% year-on-year compounded annual price increase is good, as, Whitefield being an end-user market, usually gives limited returns. So, looking to buy a flat here can generate good returns.

Also, the average cost of properties here has gone from Rs. 5300 sq ft to Rs.9000 sq ft from 2019-2023. And the prop equity data, shows, that, low unsold inventory is present here. Hence, the property rates here will be increasing.

So, a rise in price appreciation, a rise in average price per sq ft of property and a limited supply in the year 2023, can be, reasons, to consider investing in a real estate property here.

Is a real estate investment at Whitefield a lucrative decision?

The construction of the Pink and blue line of the metro and the construction of the peripheral ring road will bring commercial development, and, with their construction, a rise in property prices is expected.

Being a self-sufficient locality, a rise in average price per sq ft of property, and already-established IT companies, can, also bring about an surge in unit prices here.

So, fear not as a an investor and a house buyer. You can look forward to buying your unit here and expect future returns.