Whitefield has become a self-sustaining suburb with residential projects, modern-format retail malls, hotels and other social infrastructure. Whitefield can be easily reached from any part of the city via two stretches in KR Puram and Marathalli. The proposed metro corridor which will be 18 km long and it is expected to get completed by 2017-18. The residential properties in Whitefield is also increasing because of the increasing demand for office and retail space.
End-users dominate the residential market of KR Puram whose rents and capital values have witnessed an escalating path. This is due to the reason that the area witnesses good demand for housing units from professionals employed in the nearby IT hubs at ORR and Old Madras Road.
You can see good appreciation if you are investing in KR Puram as the area is developing slowly and steadily. The area is having so many reputated schools, colleges, hotels and offices. The area is well connected to all the other parts of the city. The area also offers affordable housing but once the metro is operational and PRR is ready the property price will definitely go up.
There are a lot of projects getting completed in Whitefield 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. I would advise that both the investors and end users to keep an eye on secondary market as well before taking any decision.
K R Puram is close to ITPL and Whitefield which is have a positive impact on property prices . The area has a healthy mix of apartment complex, independent plots and gated communities. The six lane old madras road is almost completed and the Byappanahalli Metro Station has also contributed to the fast development of area.