Whitefield: The Emerging Tech and Residential Hub of Bangalore
Whitefield offers a diverse range of housing options, from luxury apartments to budget-friendly choices, catering to a wide range of preferences and budgets.
WhitefieldBangaloreReal EstateTech HubResidential HubHousing OptionsReal Estate NewsJun 23, 2024
In May, Carmel Heights led the way with the highest number of deals in Whitefield, followed by Prestige Palms, Amrutha Heights, Assetz Marq, MC Fortune, and Sumadhura Silver Ripples. Resale transactions surpassed developer sales, contributing 53% of the total, while developer sales accounted for 47%. The apartment sizes varied widely, with the largest unit being 6,651 square feet in Prestige White Meadows and the smallest at 213 square feet in Assetz Marq. This variety ensures Whitefield caters to a wide range of buyers, from families seeking spacious homes to individuals preferring compact living spaces.
Prices per square foot ranged from INR 1,251 to INR 32,154, with an average of around INR 8,436. Most apartments sold were in the popular 1,000 to 1,500 square feet range, with close to 20% between 1,500 and 2,000 square feet. About 45% of the apartments sold in April were priced between INR 1 and 2 crores, with approximately 40% sold for under INR 1 crore.
In conclusion, Whitefield continues to strengthen its position as a prime real estate destination in Bangalore, offering diverse housing options to suit various preferences and budgets. The robust real estate activity in May, highlighted by significant transactions in developments like Carmel Heights and Prestige Palms, underscores its growing appeal among luxury and value-conscious buyers alike. With its strong infrastructure, strategic location, and thriving tech ecosystem, Whitefield remains an attractive and vibrant locality for professionals and families seeking a dynamic urban lifestyle.
Frequently Asked Questions
What is Whitefield known for?
Whitefield is known for being a bustling IT and residential hub in eastern Bangalore, hosting numerous multinational corporations, tech parks, and software companies.
What kind of housing options are available in Whitefield?
Whitefield offers a diverse range of housing options, from luxury apartments to budget-friendly choices, catering to a wide range of preferences and budgets.
What is the average price per square foot in Whitefield?
The average price per square foot in Whitefield is around INR 8,436.
What is the most popular apartment size range in Whitefield?
The most popular apartment size range in Whitefield is between 1,000 to 1,500 square feet.
Why is Whitefield an attractive locality for professionals and families?
Whitefield is an attractive locality for professionals and families due to its strong infrastructure, strategic location, and thriving tech ecosystem, offering a dynamic urban lifestyle.
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