Why Is Whitefield So Expensive

Whitefield is one of Bangalore most sought-after residential areas. Known for its IT parks and world-class amenities, it attracts many people from all over India. Property prices in Whitefield have seen a significant rise due to high demand. The area boasts top-notch basic amenities, proximity to major tech hubs, and good connectivity. These factors have made the area one of the most expensive localities in the city.

There are many reasons as to why Whitefield is so expensive. Some of them are:

1. Sound Connectivity - The area offers excellent connectivity through road, rail, and air. The area is well-connected to Marathalli, Sarjapur, Varthur, etc, which are prominent IT hubs of the city. The Whitefield main road connects with Mahadev Pura Rd, Varhtur Rd, ORR, and SH-104, which connects to other parts of the city. There are local buses and cabs round the clock to take people to any part of the city. The area will be well-served by the Namma Metro Line Phase 2 in the coming years. The KIAB is only 36 Km away and is reachable in 40 mins via SH-104.
2. Prominent IT Parks and Firms - Whitefield has become a top destination for many people thanks to its many MNCs and IT companies. This has made the property market in Whitefield very strong. The area is home to world-class IT Parks like:
• Ascendas International Tech Park,
• Bhoruka Tech Park, RMZ Ecoworld, and
• ITPL.

Big companies such as HCL, Oracle, IBM, etc, are easily accessible from Whitefield. Additionally, e-commerce giants like Amazon and Flipkart have warehousing facilities here.

3. Civic Amenities - Another reason why Whitefield is so expensive is because of the top-class basic amenities. It hosts the best schools, hospitals, colleges, etc. The area has high-end malls, big shops, and fancy restaurants. These attractions draw many people. The area also has several 5-star and 7-star hotels, making it a top choice for NRIs who want an international lifestyle.
4. Housing Options - The area offers many housing options at very price range to meet the buyer's needs. From apartments and villas to duplexes and studio apartments. The area's residential demand has increased alot over time. Top builders like Prestige Group are launching grand projects with many amenities. The group will launch a new mixed project, Prestige Raintree Park, developing over 107 acres. The rate of property is high in the area because of its high demand. The trending rate of property in Whitefield is Rs. 10,000/sq. ft.
5. High Returns - The area yields a high rate of return and rental value. The rate of property in the area will keep on increasing, and investing here in 2024 is the right time. The resale value of any property will be high based on its carpet area.

Prestige Group prelaunch apartment is Prestige Raintree Park.