Whitefield, Bellandur, and Sarjapur Road are East Bangalore neighbourhoods that offer a higher standard of living due to the presence of various global IT companies, established businesses, and residential projects.
It also provides investors with a plethora of possibilities, since it offers multiple projects in various categories, making it a suitable destination for investment by all classes. Whitefield, a region in the eastern portion of Bangalore, has become a popular alternative for real estate investment due to its recent rapid expansion and development.
The place is well-connected thanks to purple metro tracks, train services, and bridges. ITPL Tech Park and Bagmane World Technology Centre are two of the best IT parks in Whitefield. It also boasts several recreational attractions, including Phoenix Market City, VR Mall Bengaluru, Forum Shantiniketan, Inorbit Mall, Park Square Mall, and others. In recent years, Whitefield has been the most popular choice for house purchasers.
Eastern Bangalore is a hotspot for real estate investors. The eastern Bangalore real estate sector has seen a substantial surge in the market over the last 10 years. This Blog will explain the primary factors that have led Eastern Bangalore to become a thriving stage in real estate investing.
1. IT Hub: Whitefield and Bellandur is known for being an IT hub, as it is home to various technological parks, offices, and multinational corporations. As a result, there is a high demand for residential and commercial properties in the neighbourhood, making it an excellent choice for investors.
2. Connectivity: Varthur Road NH207 along with several other highways provides Whitefield with good access to the rest of Bangalore. Access to several areas of the city, including the airport, is made simple by the Outer Ring Road (ORR). Additionally, Whitefield has been having good connectivity through the Namma Metro Phase 2 (Purple Line) extension plans. On the other hand, Bellandur and Sarjapur road has good connectivity by ORR.Moreover, Sarajarpur Road will be connected to other parts of Bangalore by the upcoming Metro Phase 3 which would further enhance the region's transit system and
lure many homebuyers to apartments in Whitefield Bangalore.
3. Infrastructure Development: In terms of roads, flyovers, and other facilities, Whitefield has experienced tremendous infrastructure development. Due to its developed social infrastructure, which includes schools, hospitals, shopping centres, and entertainment venues, the neighbourhood is popular with both locals and investors.
4. Residential Demand: The presence of major IT companies in Whitefield and Bellandur as well as the resulting employment prospects, has boosted demand for residential homes. This has resulted in the development of a wide range of housing projects, from inexpensive apartments to luxury villas, appealing to various segments of homebuyers.
5. Potential for Appreciation: Property values in Eastern Bangalore, particularly Whitefield, Bellandur, and Sarjapur Road, have historically climbed steadily. Location, supply and demand, market conditions, property value (Government guidance value), development, and infrastructure are all elements that influence the potential for appreciation. When it comes to overall development and infrastructure, IT hubs, and location as well as strong connection, eastern Bangalore has witnessed and hit the current stage in the appreciation, when compared to other sections of Bangalore as a Real estate investment.
Conclusion
Investing in East Bangalore real estate is a sensible idea due to its outstanding connection, significant development potential, well-developed infrastructure, property availability, and strong rental demand. Investors should expect strong returns on their investments due to the areas consistent expansion, making it an appealing option for both long-term and short-term investments.