4 Reasons That Make Whitefield Hope Farm Junction In Bengaluru A Real Estate Hotspot
Whitefield Hope Farm Junction, an emerging IT hub in Bengaluru, is the new found love for the real estate investors. With many investors and developers have vested their faith in Whitefield's Hope Farm Junction has led to the rising price trends here.
An emerging IT hub
Whitefield Hope Farm Junction, an area that lies in proximity to the IT hub, Whitefield. Earlier a small village, the locality is witnessing more and more IT giants making entry to this area, too. Companies including Wipro, Dell, and IBM would soon set up their offices in the International Tech Park being developed here. This settling up of companies, which will invite new workforce will also help in increasing the demand for plots and apartments in Whitefield Farm Junction.
Excellent transportation facilities
Whitefield Hope Farm Junction offers excellent transportation facilities to the residents. The Old Madras Road and the Outer Ring Road helps the locals to commute to and fro key areas of the city. The new international airport is 44.8 kilometres away from the locality and in the near future, Namma Metro will also be extended to this area, a line covering more than 13 stations between Byappanahalli and Whitefield. The locality would see more route extensions in the coming time as well.
Real Estate in Whitefield Hope Farm Junction has promising future prospects as many IT companies are setting base here. This inturn will have a positive impact on the demand for housing. Seeing this increased demand many prominent developers have invested in the area and are coming up with projects in Whitefield Hope Farm Junction. Some of the prominent projects here include Brigade Cosmopolis, Skylark Ithaca, Heights and Prestige Silver Oak. The developers have brought variety of options for the residents such as villas, high-end apartments and plots. The built up area of the apartment units varies within the range of 695 sq ft to 3,500 sq ft. Few residential projects such as Prestige White Meadows offer apartment sprawling over a size of more than 5,000 sq ft. Till date, 126 projects are under construction in this locality.
Price Trends in Whitefield
The real estate prices in Whitefield are seeing an upward increase. The locality witnessed a price increase from Rs 4, 908 per sq ft in January 2016 to Rs 5, 088 per square foot in August 2016. In the past 41 months, the area witnessed an increase of 25.7 per cent.