June 27, 2014

Whitefield as Industrial & Real Estate Hub

Whitefield forms the essential part of Bengaluru, Karnataka. It was named after DS White, founder of the Eurasian and Anglo Indian Association of Former Madras. The area has been built in concentric circles, with the Innermost circle facing the greens and the Outer circle encircling the Inner one. But according to the original plan, there had to have been a third middle circle, but due to water scarcity in those days, that plan was dropped and only two circles, the Inner circle and Outer circle was built. In Olden days, Whitefield being located much farther in the city, people came here in search of peace and quiet as this area had lovely farmhouses, was very much away from the daily commotions of a cosmopolitan city. Today Whitefield is far better known for its famous Sathya Sai Baba Ashram and as a hub for many Multinational IT companies. Because of which Whitefield properties have now become so priceless and everyone are so keen to invest there.

Whitefield as Industrial & Real Estate Hub

Whitefield has its own Traffic and Transit Management Centre in EPIP (Export Promotion Industrial Park), which helps the commuters to park their vehicles at these centers and take a bus to reach their respective destinations. It is also very well connected by 2 major 4-lane roads. Of which first one is, Whitefield road connecting Bangalore city with Whitefield through Mahadevpura and Varthur through Marathahalli. Both of these roads intersect with the Karnataka State Highway 35(SH 35). Many Villas in Whitefield like Zonasha Paradiso, Tulip Villas, and J R Valley are situated close to these roads. Nearby Railway Station is just about 3km from the Whitefield bus stop. A wide range of service offered by BMTC also helps a lot in extensive city bus connectivity. The area is connected so well that, the property demands have gone up very much and we always get to see “Flats for sale in Whitefield” hoardings in all the nooks and corners of this city.

Whitefield Real Estate Hub

Apart from that Whitefield has many good social infrastructures like schools, International schools, Hospitals and many malls. Holy Cross schools, Euro-school Whitefield, Inventure Academy, and Vydehi School for Excellence are few such International schools found in that locality.  Many Apartments in Whitefield are ideally located near schools and colleges, that students find it easier to commute. Some well known colleges in this locality are Sri Sathya Sai Institute of Higher Medical Sciences, International School of Management Excellence and so forth. The Export Promotion Industrial Park (EPIP) developed in this area was India’s first IT park zone which now has many world renowned IT and ITES companies. Brigade Tech Park, Sigma Technology Park are also few of the IT parks with some world renowned companies like TCS, Quest, Accenture, iGATE Global Solutions, Dell Services, Mindtree Ltd, Oracle in them.
                                                         
Shopping is always a fun thing to do when there are so many options available, and this area has a huge list of shopping malls and irresistible eateries with many different cuisines, which makes it even more enjoyable. Some of those giant shopping malls comprises of The Forum Value Mall, Phoenix Market City, Park Square Mall, Total Mall, Bangalore Central, Inorbit etc. This locality also has many fast foods centers like KFC, Pizza Huts, and Subway but apart from these, there are also multi cuisine restaurants like Flavors of China, Copper Chimney, Tuscana, and Chung Wah and many more such yummy eateries.

Coming to Real Estate aspect, the area has developed greatly from being a small suburb into a great epicenter comprising of many hot selling properties and the number of houses for sale in Whitefield locality has increased over the years. Many prestigious and leading builders have developed their properties in this locality, with the growing demands of huge number of migrants to this area, the property prices are sky high. But as this being a hot spot, people don’t seem to hesitate in purchasing them. We can very well say that properties in this area sell like Hot Cakes. Few of the well known property developers found here include Brigade Group, DSR Infrastructure, Prestige Shantiniketan, SSVR Lotus Pond and many more. The Property prices of multi-storey apartment range from rs.4393 to rs.4623 per square feet. So the starting sale price of 2BHK residential flats in Whitefield is said to be around rs.35 lakhs.
 

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