Where Should You Buy A House In Whitefield Or Electronic City?
With the majority of IT professionals in Bangalore working in either Whitefield or Electronic City, many people are torn between the two for property investment. navimumbaihouses.com compares the two communities base on a variety of criteria, including connectivity, social infrastructure, affordability, and return on investment, to help you make the best decision.
Bangalore’s transformation from ‘Garden City’ to uber-developed ‘Silicon Valley’ was primarily due to the development of two of its major technology districts, Whitefield and Electronic City. IT/ITeS industry behemoths like Wipro, MindTree, and Infosys have established 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 healthy investment potential. Is there, however, a clear winner between the two when it comes to deciding where to buy or rent a home? Here are a few considerations for your decision.
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Rental and capital values
Electronic City is a potential investment location due to its competitive home buying and rental rates, strong connectivity, and access to well-developed social infrastructure. In the last five years, the average home value in Electronic City has increased by nearly 8% to around Rs 5,100 per sq ft.
Whitefield, with a comparatively 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 competitively priced properties, a significant share of housing demand in the region is frequently spilt over neighbouring areas such as Varthur and ITPL, limiting the scope of future price appreciation.
“Whitefield and Electronic City are two of Bangalore’s most prominent 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, adding to the location’s overall prospects,”
A two-bedroom unit in Whitefield costs around Rs 20,000 per month on average. The neighbourhood is one of the most desirable for the city’s immigrant workforce. Rental rates in Electronic City are comparatively low, with a similar unit costing around Rs 15,000 per month. While 2 BHK and 3 BHK apartments account for approximately 95 percent of the residential inventory in Electronic City, 2 BHK and 3 BHK unit stock in Whitefield accounts for approximately 90 percent.
Whitefield Or Electronic City : Connectivity
Whitefield
Two four-lane roads connect the neighbourhood to prominent areas of Bangalore: Whitefield Road via Mahadevapura and Varthur Road via Marathahalli. However, Varthur Road is more congested than Whitefield Road, and as a result, travel time on this stretch is nearly double.
The Kempegowda International Airport (KIA) is an hour’s drive away, and the Whitefield Railway Station is only three kilometres away. The Namma Metro project, which will connect Whitefield to its network in the second phase, will be a major driver of property prices in the coming years.
Whitefield Or Electronic City : City of Electronics
Electronic City is located on Hosur Road, which is also on the Bangalore-Chennai Highway. It has unparalleled connectivity to the rest of the city thanks to the Bangalore Metropolitan Transport Corporation (BMTC) buses. The area is connected to wide roadways such as Bannerghatta Road and NICE Road, as well as a six-lane expressway, increasing its accessibility. The area also has a dedicated metro station on the Namma Metro’s Yellow Line, which improves connectivity even more. Transportation options vary, which contributes to rising property values and well-matched demand.
Whitefield Or Electronic City: Roads and other conveniences
Whitefield has a reputation for traffic congestion. However, as part of the Peripheral Ring Road project, an underpass on the Whitefield-Hoskote Road is expected to address the issue. Furthermore, an upcoming road connecting ITPL Main Road to Whitefield Main Road would alleviate traffic congestion.
Neeladri Road, near Electronic City, is a source of contention due to a lack of maintenance work. Authorities are, however, working to redevelop the stretch from Bannerghatta Road to Neeladri Road. Furthermore, groundwater depletion in the Whitefield and Electronic City corridors is becoming a crisis. As borewells become more difficult to supply an adequate supply of water, private tankers are being use to bring in water. These factors act as deterrents to real estate activity in these micromarkets.
Infrastructure for social interaction
Whitefield Or Electronic City: Whitefield
Whitefield has developed as a hub for the younger generation. With the majority of the population aged 20 to 30 years. The neighbourhood is upscale, with pubs, nightclubs, and breweries. For some weekend retail therapy. Whitefield also has a number of malls, including Phoenix Market City, Inorbit Mall, and The Forum.
Whitefield Or Electronic City : City of Electronics
Electronic City has a social infrastructure that is ideal for raising a family. With renowned schools such as Delhi Public School, Treamis World School, and Sorsfort International School. There are also numerous recreation centres in the area that cater to both children and adults. Such as Play Factory and Hebbagodi Lake Park.
Everything in the vicinity of Electronic City and Whitefield.
HSR Layout and Bellandur are great options for those looking to invest in a location that is equally accessible from Whitefield and Electronic City. As they are located at similar distances from both. Most other locations in Whitefield and Electronic City must be reach via Silk Board, a well-known traffic bottleneck. However, to reach the aforementioned destinations, one does not need to cross the Silk Board junction, which is a plus.
These micro-markets are mostly made up of spacious bungalows. Small builder-floor apartments, wide streets, a few small parks, and well-established retail options. They are also two of the city’s most self-sufficient neighbourhoods.
“Traveling to Electronic City and Whitefield from anywhere in Bangalore is mostly painless. With the exception of the traffic jam at Silk Board. However, the construction of an elevated corridor near the Silk Board flyover is expected to significantly reduce travel time
There is no clear winner between Electronic City and Whitefield, as each has its own set of advantages and disadvantages. Finally, a decision can only be made base on a variety of subjective factors such as demographics. Individual aspirations, and requirements.
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