Very few ongoing projects in Whitefield, Bangalore have been in so much demand as the ongoing residential apartments in Whitefield from Sumadhura Infracon. These ongoing residential apartments in Whitefield, Bangalore are set to garner much attention from across the world for the sheer architectural brilliance combining the extensive lifestyle amenities and conveniences they are offering.
Ongoing Real Estate Projects In Whitefield, Bengaluru: Numerous Projects Already In Development.
Bengaluru’s housing segment is witnessing a steady demand on the outskirts, as the city witnesses expansion and infrastructure development in all directions. Planned metro, Peripheral Ring Road are only some of the developments that have created affordable emerging areas that are both attractive and viable. Whitefield is one such area in Bengaluru that has emerged as a top destination for real estate developers and buyers alike. Premium and ready-to-move apartments are always in demand here.
Moreover, a plethora of ongoing properties are coming up in Whitefield. Infrastructure development in peripheral areas, influx of global corporate occupiers, improved connectivity and opening up of large land parcels for industrial and commercial growth by the government have resulted in the rapid emergence of newer nodes in the peripheral districts of Bengaluru. Land in peripheral areas come at a lower cost, naturally attracting real estate developers. Due to the presence of innumerable industries, these areas are preferred by the workforce.
The top ten regions in Bengaluru that have some of the leading real estate ongoing projects are Kanakapura Road, Sarjapur Road, Nallurhalli, Kengeri, Budigere, Magadi Road, Hosur Road, Yelahanka and Doddaballapur Road, Horamavu and Mysore Road. The Sarjapur Road area has witnessed steady demand from middle-income buyers, looking for 1and 2BHK flats. This area is also a lucrative destination for premium high-end buyers, who have their eyes on the beautiful villas and row houses.
The area’s proximity to Whitefield and Electronics City has strengthened investor sentiment in this location. Project prices here range between INR 4,700-4,850 per square feet. Quarterly appreciation is about 4.7 percent, writes Money Control. Nallurhalli is an upcoming area in Whitefield, and it benefits from the generous green cover and presence of lakes. The area enjoys easy accessibility from Old Madras Road and Old Airport Road. Property prices range between INR 4,500-4,700 per square feet. Quarterly appreciation is about two percent.
Moving to the north-east part of Bengaluru, Horamavu is developing into a full-fledged residential area with numerous ongoing projects already in development. Office-goers from the northern part of Whitefield are looking to settle in Horamavu. Some of the city’s leading developers are now active in this part. Capital values range between INR 3,000-4,800 per square feet. The city is expanding, and more and more affordable corridors are being developed. Reasonably priced houses are going to be the backbone of the real estate market.
According to The Hindu, nearly 1,500 apartment complexes have been added in the last two years. Maximum growth has been in the Hebbal-KIA corridor in North Bengaluru. The apartments have all come up for registration for the first time. Bengaluru is growing vertically and not horizontally. The Hebbal-KIA corridor added 897 apartment complexes with Hebbal alone adding 649.
“It is an annual exercise. But this year, its a comprehensive exercise. Earlier even though some of these apartments may have registered flat sales, they would have taken the guidance value of the nearby apartments,” said Bhojya Naik, Deputy Inspector General of Registrations, Central Valuation Committee.
North Bengaluru off Ballari Road has been a high-growth corridor, and Hebbal has come out as the nucleus of this high growth. Guidance values have ranged from INR 26,000-66,000 per square feet, mainly catering to high and mid-income groups. Several under-construction projects are coming up in this corridor in coming years. Other areas bustling with real estate development are Mahadevapura that houses Whitefield and also Bengaluru’s IT corridor. These areas have added 263 apartments whereas East Bengaluru added 120 new apartments.
Sumadhura Infracon, an ISO 9001:2008 Certified company, with over a decade of experience in delivering high quality residential apartments in Whitefield, have several ongoing projects in development in this area. Very few ongoing projects here have been as popular as the ongoing residential apartments from the group. These ongoing residential apartments in Whitefield are set to garner much attention from across the world for the sheer architectural brilliance, combining the extensive lifestyle amenities and conveniences they are offering.
The top ongoing projects from Sumadhura Group in Whitefield are;
According to The Financial Express, Bengaluru is the third-largest hub for High Net-Worth Individuals (HNIs). It has a titanic base of expatriates who live and work in the city, and a large proportion live in Whitefield. This has naturally increased the demand for high-end properties in this area. Despite the slowdown in the market, the residential projects ihere have been able to command a fair price growth. Product differentiation, project exclusivity, luxurious amenities and good connectivity to the Central Business District are some of the factors.
“In the October to December 2016 quarter, 62 percent localities saw an average price increase of 3.1 percent, while the balance 38 percent localities saw 3 percent price decline. Price movement across all but one budget segment has been positive with price movement ranging from -0.8 percent in the Rs 6,000-9,000 per sq. ft. segment to 3 percent in the Rs 9,000 per sq. ft. budget segment,” states a PropIndex report.