Godrej Properties Limited, the real estate arm of the Godrej Group has entered into a Development Management Agreement with M/s United Oxygen Company Private Limited, to develop their property situated near Hoody, Whitefield Main Road, Bengaluru.
There are a lot of projects getting completed in 2013 and there will be lot of ready to occupy inventory in the market. The secondary market for new properties which not so active will start seeing activity now. Our advise to the end users/investors will be to keep an eye on secondary market as well before taking any decision.
Many developers have notified IT/ITes SEZs in Whitefield but, few of them are yet not confident to start the development work on account of property occupiers preference for ORR and Bangalore North
Whitefield can expect significant improvement in travel time only post 2015 after the completion of planned Bangalore Metro Rail project and proposed Peripheral Ring Road (PRR) Phase I.