Where should you buy a house in Whitefield or Electronic City?
Bangalore’s metamorphosis from ‘Garden City’ to uber-developed ‘Silicon Valley’ was mostly due to the growth of two of its major technological areas, Whitefield and Electronic City. IT/ITeS sector behemoths like Wipro, MindTree, and Infosys have erected a slew of office buildings and co-working spaces in and around these thriving neighbourhoods, boosting real estate demand.
While Whitefield is located on Bangalore’s eastern outskirts, Electronic City is a south Bangalore suburb, and real estate in both of these areas offers a high investment opportunities. Is there, however, a clear victor between the two when it comes to deciding where to purchase or rent a home? Here are a few considerations for your selection.
Rental and capital values
Electronic City is a prospective investment location because to its competitive house purchasing and rental rates, strong accessibility, and proximity to well-developed social infrastructure. In the previous five years, the average housing value in Electronic City has increased by about 8% to around Rs 5,100 per sq ft.
Whitefield, with a considerably higher price tag of Rs 7,100 per sq ft, has seen a five percent increase in average ‘asks’ year on year. Because of the relatively affordable houses, a major portion of housing demand in the region is frequently spilt between neighbouring regions such as Varthur and ITPL, limiting the possibilities of future price increase.
“Whitefield and Electronic City are two of Bangalore’s most notable real estate developments. Electronic City has a greater growth potential than Whitefield. The former is seeing strong absorption of high-end technology parks with Grade A office space and malls. As a result, residential demand is up, contributing to the location’s significant potential,” says Ramji Subramaniam, Managing Director, Sowparnika Projects and Infrastructure.
A two-bedroom home in Whitefield costs around Rs 20,000 per month on average. The neighbourhood is one of the most desirable for the city’s immigrant workers. Rental costs at Electronic City are comparably low, with a comparable apartment costing roughly Rs 15,000 per month. While 2 BHK and 3 BHK apartments account for over 95 percent of the residential inventory in Electronic City, 2 BHK and 3 BHK unit stock in Whitefield accounts for approximately 90 percent.
Connectivity
Whitefield
Two four-lane highways link the neighbourhood to significant areas of Bangalore: Whitefield Road through Mahadevapura and Varthur Road via Marathahalli. Furthermore, Varthur Road is more congested than Whitefield Road, and as a result, travel time on this stretch is nearly doubled.
The Kempegowda International Airport (KIA) is an hour’s drive away, while the Whitefield Railway Station is about three kilometres distant. The Namma Metro project, which will connect Whitefield to its network in the second phase, will be a major driver of property values in the future years.
City of Electronics
Electronic City is located on Hosur Road, which is also on the Bangalore-Chennai Highway. It has unrivalled access to the rest of the city thanks to the Bangalore Metropolitan Transport Corporation (BMTC) buses. The neighbourhood is connected to broad streets such as Bannerghatta Road and NICE Road, as well as a six-lane motorway, boosting its accessibility. The area also has a dedicated metro station on the Namma Metro’s Yellow Line, which improves connection even more. Transportation alternatives vary, which contributes to growing property values and well-matched supply.
Roads And Other Conveniences
Whitefield has a reputation for road congestion. Furthermore, as part of the Peripheral Ring Road project, an underpass on the Whitefield-Hoskote Road is intended to alleviate the issue. Furthermore, a future route connecting ITPL Main Road to Whitefield Main Road would alleviate traffic congestion.
Neeladri Road, near Electronic City, is a source of concern owing to a lack of maintenance work. Officials are, although, trying to reconstruct the area from Bannerghatta Road to Neeladri Road. Furthermore, groundwater depletion in the Whitefield and Electronic City corridors is becoming an issue. As borewells grow increasingly difficult to produce an appropriate quantity of water, private tankers are being used to bring in water. These variables operate as repellents to real estate activity in these micromarkets.
Infrastructure For Social Interaction
Whitefield
Whitefield has evolved as a centre for the younger generation, with the bulk of the population aged 20 to 30 years. The neighbourhood is upscale, including bars, nightlife, and breweries. For some weekend shopping therapy, Whitefield also features a number of malls, including Phoenix Market City, Inorbit Mall, and The Forum.
City of Electronics
Electronic City has an infrastructural facilities that is appropriate for raising a family, including famous institutions such as Delhi Public School, Treamis World School, and Sorsfort International School. There are also other entertainment centres in the neighbourhood that cater to both children and adults, such as Play Factory and Hebbagodi Lake Park.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
