Whitefield, located in the east zone of Bangalore, is currently one of the residential real estate hotspots of the city. The locality has seen phenomenal growth in the past few years, with residential and commercial real estate developing rapidly. Physical and social infrastructure development has kept pace with this development, and Whitefield today is a well-developed locality in Bangalore.
Whitfield is developing rapidly into one of the finest, trendiest, and most cosmopolitan real estate investment locations in Bangalore today. The excellent physical infrastructure of Whitefield is being progressively upgraded and developed, thus adding to the lucrativeness of the locality. The neighborhood also has several world-class healthcare facilities, reputed educational institutions, and venues for shopping and entertainment in the vicinity.
The presence of several prominent employment hubs in the locality has meant that Whitefield today is a top residential destination. The housing market here has been booming, given the interest of new residents to set up residences in the neighborhood. A noticeable trend in Whitefield has been the launching of several new luxurious residential projects here by real estate developers.
A large majority of the new launches of development projects in the last quarter of 2020 were concentrated in Whitefield. Another trend that has been noticed in Whitefield is that new home buyers are now slowly gravitating toward mid-segment housing. There is a growing preference for 2.5 to 3-bedroom apartment units, with home buyers preferring to invest in ready-to-move-in homes.
The pandemic brought home buyers’ attention to the need to maintain minimum social distance, open areas, and privacy. This has begun showing itself in the trend of buyers moving towards projects in low-density areas with large open areas. Smart, technologically-enabled homes that sport the latest technology are also preferred, especially among the younger, modern, tech-savvy home investors.
Prestige Group new prelaunch apartment Prestige Park Grove.