Whitefield is one of the most coveted residential locations in Bangalore and one of its foremost IT hubs. Whitefield has witnessed skyrocketing growth over the last few years and holds immense potential for future development. Whitefield has recently been witnessing niggles but there are major projects which will certainly boost its future real estate prospects tremendously. The phase II of the metro railway network will be linking Whitefield and Byappanahalli and the Peripheral Ring Road or PRR is also being developed. These two projects will make connectivity smoother in Whitefield and lead to skyrocketing growth in real estate values as estimated by experts.
The Peripheral Ring Road project will be integrating both state and national highways in and around Bangalore inclusive of major roads like the Old Madras Road, Bellary Road, Tumkur Road and Hosur Road. This will prove to be a major connectivity lifeline for residents and lower congestion on the ORR (Outer Ring Road). The Phase II of the metro railway network is expected to be operational by the year 2020. These projects will decongest the entire stretch. Whitefield is already home to several leading IT companies and MNCs and has the ITPB (International Technology Park of Bangalore) and EPIP (Export Promotion Industrial Park) in the vicinity.
The area is one of the most preferred zones for both commercial and residential real estate projects. These two major projects are expected to accelerate the next level of real estate growth in Whitefield. Several people investing in the area already work in offices located in the neighborhood itself. This demand is steadily increasing while many people are shifting to Whitefield on account of its commercial offices and good infrastructure. There are several ready to move in projects here and this is also leading to a spike in real estate demand in Whitefield. Nearby areas like Sarjapur, Hoskote, Budigere Cross and Electronic City will also benefit from the real estate perspective once the Peripheral Ring Road is executed. Top projects in neighboring areas like Sarjapur include Damden Vivo and others which offer good amenities to residents.
