Real Estate Trends In Whitefield 2024

Whitefield is a big area in Bangalore, India, known for its IT parks and multinational companies. Many techies work here during the weekdays. Over time, more residential buildings, malls, and restaurants have catered to the growing population. This has made Whitefield not just a place for work but also a bustling neighborhood. It's the place where people live, work, and enjoy their free time.

The real estate trend in Whitefield is seeing a boom as more and more companies and projects are developing here. It is one of the most expensive and most desired areas of the city. The rate of the property depends on its type and built area. The current trend in real estate for

Apartments are rated at 627 per sq. ft. For the builder floor, the rate is Rs 7227 per sq. ft. The rate of independent houses is Rs 7117 per sq. ft. on average.

The real estate trend in Whitefield 2024 has changed in the last 5 years. From 2023 to 2024, the rate of the property has hiked upto 12%, and in the last 5 years, it has risen upto 51%. The current market rate of property in the area is Rs 10,000/sq. Ft. Buyers and investors have also laid their properties on rent, and the rental income in the area is also high. The trending rental rate is between Rs 25,000 and Rs 40,000. The highest demanded property is apartments and then individual houses.

Whitefield is the best investment option and demanded area because of certain factors, and these are:

Connectivity -

The connectivity in Whitefield is excellent; it offers all commute options easily. The area links with the Whitefield main Rd and ORR; it is also connected to other IT hubs like Sarjapur and Marathalli. There are BMTC buses available in the area 24/7 for easy transportation. The Whitefield railway station serves as the main station that connects with other parts of the county. The area is only 38 Km away from the airport and can be reached in 40 minutes.

Availability of social amenities and IT parks

The area hosts top educational institutions and healthcare facilities to the people. Big malls and hotels are there for entertainment, along with a lush green park. The area also has all basic amenities at short distances like petrol pumps, banks, and ATMs. It also houses big tech giants like Wipro SEZ, Dell, and Google. The IT hubs create many job opportunities and offer money saving options like less traveling cost.

Best Residential Options

Whitefield has become a major hotspot for big real estate projects. More than 300 residential projects are developing in the area by big builders. Top brands like Prestige Group have launched their projects in the area. Its recent development is Prestige Somerville., launched in 2024.