Demand for Residential Real Estate in Whitefield

Whitefield is one of the most appealing locations for domestic customers, mainly the IT workforce. The employment technology in Whitefield has expanded the call for and reputation of regions like Hoodi, Kadugodi, K R Puram, or even different locations close to Whitefield in phrases of housing.

Whitefield affords all styles of housing options, beginning from lavish, expensive villas, row houses, impartial houses, and gated groups to lower-priced residences. There are 1, 2, 3, and four BHK gadgets to be had withinside the homes on the market in Whitefield, inside a place of 450 sq. ft. to 2000 sq. ft.

Those looking for more significant spacious dwelling areas can cross for large gadgets with 2000 to 4500 sq. ft. Studies display that out of the whole homes and residences on the market in Whitefield, 35% of the houses are ready-to-move-in. The fee tiers range from as little as Rs 25 lakhs to Rs 2.5 crores.

According to a report, 28,500 new residential devices got here up within the remaining 5 years within the Whitefield area. From 2013 to 2015, the duration accounted for 83% of the brand new launches. After 2016, the release fee dropped substantially due to the large backlog of unsold devices, RERA, and GST.

The scenario in Whitefield is now enhanced because the Peripheral Ring Road (PRR) is at the manner to be operational, giving self-assurance to builders to release new tasks in Whitefield. The PRR assignment could be integrating each country and country-wide highways in and around Bangalore, such as primary roads like Old Madras Road, Bellary Road, Tumkur Road, and Hosur Road.

PRR will be a primary connectivity lifeline for citizens and decrease the congestion at the ORR (Outer Ring Road). Properties on the market in Whitefield may be checked for a few contemporary belongings alternatives in this locality – apartments, row houses, villas, and more.

Prestige Group new prelaunch apartment Prestige Park Grove.