How Is the Real Estate Market in Whitefield?

Even though there are many opportunities to take advantage of, it is just as important to make purchases that will increase in value, so Prestige Property Group has compiled a list of Bangalore's best real estate trends.

Bangalore is India's Silicon Valley, and the real estate market has seen a lot of interest because of how busy and active it is. This business has grown at a very fast rate in all of the big towns. Let's take a quick look at how is the real estate market in Whitefield:

Millennials are getting more and more jobs:

Bangalore's increasing number of workers in their 20s and 30s is one of India's most important real estate trends. It can make more people want to work in places like offices, co-working areas, and studios for new businesses. But only some have the money to put in big office buildings that cost a lot.

Housing for a long time:

There is a need for long-term living in India's Silicon Valley because young people are looking for more jobs there. Various studies show that different generations of consumers look for environmentally friendly ways to get the things they need or make investments in real estate. People in general and Millennials have started to agree with "collective empowerment." Because of this, the real estate market in Bangalore is seeing a rise in demand for environmentally friendly places to live.

Housing for students and co-living:

The third trend in Bangalore's real estate market is co-living and student housing, with many jobs and learning opportunities all year. College students and young workers look for real estate listings close to their schools and jobs. Students who can do things in a college dorm may be limited and subject to rules. On the other hand, an apartment would be perfect and help them feel "at home." When it comes to young people who want to relax after a long day but want to be within the city's exciting things to do, they will look for places to live that are good for bachelors and bachelorettes, like student housing and co-living. If you want to make money from rent, buying inexpensive studio houses, 2BHKs, and 3BHKs is a great idea.

Housing for older people:

One of the most prominent real estate trends in Bangalore is homes for older people. Most kids with more ageing parents try to find a way to be close to them but still have their own space. Most kids want to avoid putting their parents in homes for older people, so they look for other things to do. Buying apartments in North Bangalore would be a smart move. People want to buy homes in Bangalore because they think it is a beautiful, quiet, and windy city. The Whitefield flats are safe for older people because they have 24-hour security, CCTV cameras, fire safety features, and other safety features. Also, there is a lot of interest in luxury houses on real estate sites because they are the best way to save money for retirement.

Housing that is based on new ideas:

People no longer look for apartments with a pool or a gym; they also look for apartments with the newest technology. They seek spas, cooking places, skating rinks, game rooms, libraries, and more. These areas have been carefully built up to give people the most for their money and are a great place to spend money. For instance, Property by The Prestige Group is a great and unique choice for people of all ages. It has a tennis court, coffee shops, and places to do organic farming, among other things.

Some of the Best Real Estate residential Projects Launched in 2023 are:

Prestige Park Grove

Prestige Park Grove is a Prestige Group's pre-launch residential property. This futuristic project is in Whitefield, Bangalore. It covers the prime land of 78 acres in Whitefield. It aims to provide comfort and luxury to the residents. The developer Prestige group has a long history of delivering innovative residential and commercial projects in the country. As a pioneer in the real estate industry, Prestige Park Grove offers this breathtaking housing project at an affordable cost. This project has both luxury Apartments and Premium Villas.

The Prestige Park Grove Floor Plan are available in different configurations, such as 1 BHK, 2 BHK, and 3 BHK Apartments. The Premium Villas of this project are also available in 3 BHK and 4 BHK Villas. This project is waiting for the approval of RERA, and they will announce the launch date of Prestige Park Grove. The expected launch period of this project is June 2023. This project also has an open space area covered with small trees and ornamental plants. The total units of Apartments in this project are 3600 and comprise 80 Villa units.

Prestige Park Grove Price range of INR 75 Lakhs to INR 5 Crores. To be more specific, a 1 BHK Apartment with a built-up area of 660 sq ft costs INR 81.55 Lakhs. The Apartments with a built-up area of 607 sq ft costs INR 75 Lakhs. The 2 BHK Apartments cost in the range of INR 1.2 to 1.5 Crores. The 3 BHK Apartments are available from INR 1.5 to 1.9 Crores. You can get 3 BHK and 4 BHK Villas at a price of INR 2 Crores to 4.8 Crores.

Prestige Waterford

Prestige Waterford is an admirable housing formation by Prestige Groups located in Pattandur Agrahara, Whitefield, Bengaluru. The project is situated on ECC Road, close to all essential physical and civic frameworks. The project is set on 16.6 acres and features 3 and 4 luxury apartments arranged over high-rise towers. The premise offers 689 spacious abodes designed for a blissful and euphoric lifestyle.

This ongoing venture began its construction process in Sep 2020 and is set to be completed by 2024. The SBA of 1 BHK flat ranges between 630 - 639 sq ft. The SBA of 2 BHK flats ranges from 1515 - 1694 sq ft. The SBA of 3 BHK flats ranges from 1775 - 2060 sq ft. The SBA of 4 BHK flats ranges from 2525 - 2555 sq ft. The pricing of these housing units ranges between INR 1.42 Cr - 2.07 Cr.

Prestige Fontaine Bleau

Prestige Fontaine Bleau is a fabulous residential haven by Prestige, located in the serene locales of Whitefield, Bangalore. The project is set over a land cover of 1 acre to ornate 60 high-rise apartments. The flats are offered in 1, 2, and 3 BHK size scopes. The project was ventured in November 2017 and was ready to be inhabited in Dec 2021.

The SBA of 2 BHK flats is 1322 sq ft. The SBA of 3 BHK flats ranges from 1356 - 1603 sq ft. The pricing of these flats ranges between INR 1.06 Cr - 1.29 Cr. The flats are abundantly lit and ventilated with the right Vaastu adherence. The premise includes world-class comforts and luxuries to lay a splendid venue for joyous living.

Prestige Grand Oak

Prestige Grand Oak is a lavish housing complex by the leading realty brand of Prestige. The premise is located in the upscale suburbs of Indira Nagar in Bengaluru. Indira Nagar is one of the focal residential hubs of the city. The premise includes premium 2 BHK apartments set over mid-rise towers. The project is a landmark address equipped with urban homes for a world-class living.

The 2 BHK flats are offered in the size scale of 996 sq ft. The saleable area of these units is 93 sq m. The price of 2 BHK units here sums up to INR 1.39 Cr. The project includes ready homes equipped with opulent specs and global fittings. The flats are spacious and well-lit units with ample ventilation.

The premise offers plush indoor and outdoor niceties to its habitants. The indoor amenities include a clubhouse, gym, library, crèche, and billiards, to name a few. The outdoor facilities include jogging lanes, a pool, parks, a playground, and various sports utilities.

The premise is surrounded by top schools, job parks, and leisure hubs. It is easily accessible thru Metro rail and BMTC buses. The project site is just 8 km away from Whitefield. The Airport is around 38 km from the project site.

Conclusion:

In short, how is the real estate market in Whitefield? Show that properties in business areas, homes that allow co-living, offer senior care, and have cutting-edge technology, among other things, are well worth the investment. As Bangalore grows to become one of the most important business centres in the country, the value of these assets will only go up.