Planning to buy a 2 bhk apartment in ITPL

With well-developed infrastructure coupled with swift connectivity, Whitefield has emerged as a self-sustaining suburb in the city. Currently, the weighted average price in the area is about Rs 6,100 per sq. ft. ITPL is a part of Whitefield micro market.

The rentals for a 2BHK unit is in the range of Rs 17,000-22,000 per month. The average rental yield in Whitefield is 3.65 per cent, which is very good as compared to other areas.

Whitefield will also fall under the Phase II of the metro corridor, which will further enhance the connectivity of the area, and in turn the realty demand. Also, the Bangalore Master Plan 2015 has marked the Planning District of Whitefield as a priority area for IT-related activities mixed with residential development.

That’s not all! A significant area between Whitefield (ITPL) and Electronic City is proposed to be developed as ‘High Tech Zone’ with great potential zone for urbanization located between the Bellandur valley, the railroad Salem, the new Peripheral Ring Road (PRR) and Hosur Road.

All these measures are likely to boost the realty market of of ITPL and Whitefield in the times to come. Thus, you can expect healthy rental returns.