Investments in Bangalore from Electronic City To Whitefield:
Bangalore’s real estate market has been flourishing faster with an increasing number of office spaces, balanced demand and supply of residential units, better infrastructural developments, and many other proposed developments that are underway. Simultaneously, the presence of leading IT hubs in various localities is also attracting many working professionals and homebuyers to buy or rent a home. Amongst all such localities, Whitefield and Electronic city are the two most favorable localities as they have the presence of many renowned IT Hubs, MNCs, and other coworking spaces.
While both of these localities are well-developed realty markets, take a look at significant factors that call upon homebuyers to invest in these two areas:
While Whitefield is located in the eastern part of Bengaluru, Electronic City lies in the city’s south. Both localities experience seamless connectivity to other areas with a perfect rail and road network.
Whitefield is connected via four-lane roads- Whitefield Road via Mahadevapura and Varthur Road via Marathahalli. The nearest railway station is just 3 km away, and the international airport is an hour away from Whitefield. There is planned metro connectivity on which construction work has already started, and the corridor will get ready by 2021.
On the other hand, Electronic City falls on Hosur Road and thus enjoys smooth connectivity via Bannerghatta Road and NICE road. The proposed metro connectivity, which will be ready by 2022 to this region, will further enhance traffic movement. It takes about 36 minutes to travel from Electronic city to Whitefield, approx. The driving distance between electronic city and Whitefield is 30kms.
Bengaluru is known for its traffic congestion, then how can both of these areas stay away from this issue? Poor roads and potholes are the primary reason for this. However, the civic body is working on this issue and redeveloping all the major routes to provide commuters and residents relief from traffic problems.
Whitefield is full of young minds and working professionally in terms of social infrastructure and hence is a hub of many entertainment and recreation centers. On the other hand, Electronic City is home to many reputed schools like Delhi Public School, Silicon Valley high schools, and entertainment centers for nearby residing families.
Real Estate Market
Both the localities are full of many affordable and luxury segment investments. One can choose as per their office distance, and other requirements and options are available in both areas. Many leading developers are constructing high rise apartments with best in class facilities and amenities to provide comfortable living to residents. However, in terms of property rates, Whitefield real estate market enjoys an edge over Electronic City. The reason being, the presence of posh areas like Varthur and the oldest IT park ITPL in the nearby region.
At present, the property price in Whitefield real estate is Rs 5,866 per sqft; on the other hand, in Electronic City real estate is Rs 4,639 per sqft. But, it does not mean that the Electronic city has fewer options for homebuyers. One can easily find small builder floor apartments and Bungalows with parks and other daily needs in the surroundings.
With many IT professionals working in the IT parks, the localities’ rental market in Bangalore has also flourished in recent years. One can easily find good rental options in both localities at budget-friendly rates. The average monthly rental value in Whitefield is Rs 19 per sqft; on the other hand, in Electronic City, it is Rs 16 per sqft.
In a nutshell, both the localities have their own pros and cons, but when it comes to real estate market investment in these localities, they offer good ROI and a better rental amount. So, invest in any of these areas but take your decision accordingly.