An Insight on Real Estate at Whitefield-bangalore

By: George Gonigal

Bangalore CBD region is on the verge of saturation and the city is facing traffic chaos, housing scarcity and there is a simmering demand for more space and better infrastructure. To meet the requirements the city is now expanding to the peripheries.

In view of resolving aggravating state of city infrastructure, the Karnataka Government is investing US$ 15.73 billion to improve the infrastructure in the state which is highest among all states in the country. The main thrust will be on the development of Outer Ring Road (ORR) region to solve the problem of traffic congestion and to meet the requirements of industries.

Due attention is also to the peripheral areas as well, and Whitefield is among the most talked about real estate markets in Bangalore currently. Whitefield is located on the periphery near ORR where lots of infrastructure and real estate development activities are taking place. The location is merely 3-km from KR Puram Railway station, 2.5 km from Ring Road and bordered with international school and medical facilities.

A slew of residential and commercial projects are coming up in the area by leading real estate developers such as Nitesh estates and Sobha Developers, to develop world-class commercial and residential properties.

Infrastructure boost

In view of handling the growing pressure on city infrastructure and subsequent impact on city real estate, the Bangalore Development Authority has also planned construction of flyovers at four prime locations of Bangalore, and one of these flyovers is coming up at Whitefield-KR Puram belt.

To further decongest traffic and enhance inter-state connectivity a railway track and road network will also be build, which will link the place with National Highway.

With such developments and upcoming projects in Whitefield, property values in not just Whitefield but entire Bangalore are expected to be influenced, property dealers say. They say that with the enhancement in infrastructure and connectivity, more number of foreign investors and buyers will be attracted to invest in the real estate projects.

As far as the current scenario is concerned, market is witnessing steady growth curve and property values in both capital and rental segments are escalating with time.

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