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Rental Market Update – Whitefield, A Great Place to Rent

Tags: whitefield

Imagine a stellar, scintillating mix of chic restaurants, sprawling malls, beautiful art galleries and renowned museums, just a stone’s throw away from where you live. Picture walking to your workplace in the mornings inhaling the crisp dewy air, and walking back at dusk absorbing the twinkling city lights as they sparkle against the purple sky. In Bangalore’s latest cosmopolitan hub, Whitefield, that’s possible.

Whitefield began buzzing around the 1990s, when the IT boom was at its best. Home to some of the finest technology parks in the city, Whitefield has seen phenomenal growth in the last two decades, with reputed schools, internationally acclaimed hospitals, five star hotels and premium malls burgeoning all around. With the second phase of the Namma Metro project covering 13 stations from Byappanahalli to Whitefield, the infamous traffic situation that Bangalore was typically known for should also improve. What was once considered an upcountry suburb of Bangalore is now setting trends for the rest of the city to follow. In fact, most flea markets, performances and concerts that are being held in the city are now being organised in Whitefield and surrounding areas because of the space availability and the fact that the catchment area is ideal.

There is a good supply of good quality properties for rent in Whitefield. Several localities within Whitefield like ITPL Road, Hoodi Circle, Kadugodi, Chanasandra have become quite developed and popular with people looking to rent homes. The average rate for a 2 BHK property for rent in Whitefield would range from Rs 20000 – Rs 22000; whereas the average rental for a 3BHK would be in the range of Rs 27000 – Rs 30000. The rental rates tend to vary significantly depending upon the amenities provided in the society or building. However, the rents are significantly cheaper than most other areas too. Compare Whitefield to central Bangalore rates, and you’ll find that you can save up to 50% per month, and get more facilities for the amount you’re paying.

Whitefield is a veritable renter’s market, with all the services and amenities that residents would normally need, packed into charming gated communities. Since Whitefield has no dearth of space, these complexes usually feature rolling lawns, landscaped gardens and state-of-the-art fitness centres, unlike societies closer to the heart of the city. The apartments or villas are normally fitted with sparkling floors, tastefully designed balconies and contain artfully planned rooms.

If you work here, renting a property in Whitefield is an obvious choice, but even if you don’t, Whitefield can make for a perfect renter’s abode. The area is well connected through the BMTC bus network, and getting to other parts of the city for work or leisure is hassle-free and easy. There are a range of projects in Whitefield that each offer their own unique features and properties to tenants, so it may be a good idea to evaluate your options extensively before zeroing in on a specific property. Creating a checklist to balance out the pros and cons of properties may help eliminate certain options, making it easier to choose. Since there are so many projects, you can afford to be picky, so examine your potential properties based on rent, distance from your workplace, amenities, malls, schools and restaurants in the vicinity, and any other criteria that may be on your priority list.

Once you’ve found a home, you’ll find Whitefield to be a self-sufficient oasis that will leave you content with your choice.

Pin Click Property Advisors is a technology-enabled real estate advisory platform. Our mission is to simplify home search. People who are looking for flats for sale or on rent or share a PG in Bangalore or Pune, Pin Click property specialists help them search and move into their perfect house and that too without any brokerage. We have a number of rental properties in Whitefield area.

This post first appeared on Budigere Cross: Location Analysis, please read the originial post: here

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Rental Market Update – Whitefield, A Great Place to Rent


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