Whitefield, known for the presence of a strong tech hub is a favorite residential market for the professionals. Over the past two decades, the micro market has seen growth in various angles.

The micro market is a part of the Great Bangalore BBMP (Bruhat Bengaluru Mahanagara Palike). The introduction of the IT and ITeS industry in the area has transformed the locality into one of the most sought after areas. The locality enjoys good connectivity via road and rail.

The proposed phase II of the metro rail network will connect By appanahalli to Whitefield. This will enhance the connectivity of the area. Connectivity plays a major role in determining the growth of an area. Improve connectivity plays a role in determining the property prices. The metro rail project in Whitefield will make a positive impact in the real estate market.

The property prices in the micro market are on the rise as the locality is witnessing demand from the home buyers and investors. The city as a whole has witnessed growth and has transformed into a major metro city. The Information Technology industry and the IT-enabled services (ITES) industry have majorly contributed to the growth of the city. Most of the suburbs of Bengaluru have witnessed an enormous amount of growth and development due to the presence of a strong IT sector.

Whitefield, which was once known for the settlement of Anglo-Indian and Eurasian community, has transformed into a most sought after localities after the growth of the IT sector. Most of the residents in the locality are IT professionals. If you are looking for investing in the Bangalore real estate market, then Whitefield is one of the better options to consider. Over the past 15 years, the area has witnessed a good appreciation. The demand is very strong and this makes it an ideal investment destination as steady rental incomes are high.

The rental market in the area is very active as it is an IT hub and surrounded with IT firms. The area is a favorite one among the IT professionals. To give a standard and quality lifestyle to the professionals and the residents, the micro market has a number of eat outs, shopping options, cafes and nightlife. The area has many malls with national and international branded showrooms.

The area has a number of residential projects to choose from. There are a number of projects such as luxury villas, premium apartments, gated communities and other projects. Most of the projects in the micro market are made for discerning buyers employed in the IT and ITeS industry. Due to the rapid growth, the locality has few issues such as traffic congestion and pollution.

The residential properties in the micro market are available in the price ranging anywhere between INR 3600 per Sq. ft. and INR 6300 per Sq. ft. The micro market has a number or premium projects from renowned builders.

If you are looking for a villa project in Whitefield, you can consider Honeypool - Lifestyle Villas by Gitanjali Developers. Honeypool - Lifestyle Villa project consists of 68 villas developed on a 2.5 acre of land. The project comes with amenities such as a clubhouse with gym, multipurpose hall, indoor games, swimming pool and much more. There are plenty of other options in the micro market.

Author's Bio: 

Mohan is a writer who shares his views on Indian real estate through indiaproperty.com