Owing to the saturation of the real estate areas in main Bangalore, its suburbs have developed extensively in the recent decade. One such area is Whitefield. This locality, which was earlier only a small village, has today become one of the most preferred real estate destination offering great investment opportunities.
Here are reasons why you should buy premium villa plots for sale in Whitefield.
It harbors many IT hubs
The boom of the IT industry in this region has transformed it into one of the sophisticated ones. Leading e-commerce giants and MNCs including IBM, IGATE, Oracle, L&T infotech, Vodafone, Xerox, SAP, etc. are now operating here. Many startups too have bloomed here. There is also the ITPL, an international tech park. All these have reshaped this area into a tech hub. This makes Whitefield an area worthy of investment.
It has job opportunities
The existence of many IT firms and MNCs has increased the job opportunities available at this place. The firms constantly hire skilled workers. This has invited a huge population to this place. And this in turn has increased the demand for many residential and plotted community developments here. So, people not only look for apartments, duplex houses, commercial units, etc. but also buy premium villa plots for sale in Whitefield.
It has excellent connectivity
Another factor that makes Whitefield a great place to invest in real estate is its great connectivity. It is well-connected to the other parts of Bangalore and the world by road, rail, and air transport. The Whitefield main road connects this place with the rest of the city. It also links to Varthur Road and HAL Old Airport Road. The closest railway stations are Hoodi and Whitefield. The Kempegowda International Airport is also close by. Additionally, the ongoing metro extension work is expected to strengthen the connectivity further.
It has good socio-infrastructure
For enjoying a comfortable, convenient, and sophisticated living stay at a place, its socio-infrastructure must be good. Whitefield has all kinds of civic utilities such as reputed schools, hospitals, banks, shopping malls, entertainment venues, retail stores, banks, ATMs, restaurants, eateries, places of worship, etc. So, residents can lead a trouble-free life here.
It has a good future potential
With the still-rising tech boom, Whitefield has great future potential in terms of real estate. That is, there is a potent for increasing property value. There is no argument of the fact that Whitefield is one of the city’s fastest-growing zones. So, there is a demand for office and residential spaces here, boosting the resale value of properties here.
The returns on investment are high
Bangalore’s land values have been steadily rising over the years. Since Whitefield is one of the suburbs of the city, its property values are not as high as that of central regions such as Indiranagar and Jaynagar. The average cost of properties in these areas is 15,000 per sq ft. whereas in Whitefield it is only Rs, 4,976/sq ft., which is a huge variation. Considering the low purchase price and the fast appreciation, it certainly is a worthy investment to buy premium villa plots for sale in Whitefield.
Wrapping up
Whitefield in Bangalore is a great place to invest in real estate properties like apartments, villas, duplex houses, and land. The boom of the IT industry, the consequent increase in job opportunities, the area’s great connectivity with the rest of the city and the world, its good socio-infrastructure, great future potential, and high returns on investment make it worthy to buy real estate properties here. So, those who are looking to buy premium villa plots here should consider The Sanctuary- a project by the most reputed Classic Ventures.