Residential
Why Apartments Near Whitefield Sarjapur Road Have Great Investment Potential?
November 27, 2023
The Knight Frank's Asia-Pacific Outlook 2023 report predicted a 5% increase in the residential value of Bengaluru. A majority of this price appreciation is credited to the city being one of the major technology hubs of India. The liberalisation of the import and export of software and hardware in India in 1984 led to the genesis of Bengaluru as the Silicon City of the country. Tech conglomerates like Infosys and Wipro quickly recognised the city's potential talent pool and set up their shops in the area.
Thriving IT hubs skyrocketed the real estate value of clusters of Bengaluru, and Whitefield Sarjapur Road is one of them. Real estate investors capitalised on this price appreciation potential and purchased apartments in East Bengaluru.
In this blog, we highlight why apartments in Whitefield Sarjapur Road are great investment options.
Proximity to IT Hubs
Whitefield Sarjapur Road is strategically positioned near some of the city's major IT parks, including ITPL, RMZ Ecoworld, Global Technology Park and Pritech Park SEZ. This proximity translates to a wealth of job opportunities for IT professionals.
With multinational giants and startups establishing their offices here, the demand for skilled employees continues to rise, which, in turn, drives the demand for nearby apartments in Bengaluru.
Rapid Infrastructure Development
The "How India searched for properties during 2022" report by Magicbricks cited Whitefield Sarjapur Road as among the top five highly coveted residential areas in Bengaluru. A fast-paced infrastructure development is attributed to the rising demand.
The seamless connectivity to the Central Business District (CBD), the existing Metro corridor linking Byappanahalli to Kadugodi as part of Namma Metro's Phase II, and the forthcoming eight-lane Peripheral Road linking Whitefield to the vital arterial routes across the city are poised to boost the real estate prospects of this region significantly.
The proposed enlargement of Sarjapur Road and Sarjapur-Attibele Road, widening a section from Sarjapur Road to Varthur Road and an upcoming subway on the Sarjapur-Harlur Road will alleviate traffic congestion in the adjoining areas, further boosting the value of the locale.
Educational Institutions
With many reputed educational institutions, the Whitefield Sarjapur Road area is no less than an academic oasis for the young generation.
Parents have many options, including schools like the Oakridge International School, The International School Bangalore (TISB), Indus International School and Greenwood High. These institutions offer world-class education, a wide range of extracurricular activities and modern facilities to nurture young minds.
Whitefield Sarjapur Road is home to several esteemed engineering and management colleges. The presence of academic centres like the International Institute of Information Technology (IIITB), Symbiosis Institute of Business Management (SIBM) and Azim Premji University promises high-quality education.
Social Infrastructure
A rich tapestry of recreational amenities adds a layer of appeal to the locality. With shopping malls like Phoenix Marketcity and Forum Shantiniketan, along with a wide variety of restaurants, cinemas and entertainment options, residents can enjoy a fulfilling lifestyle.
Such amenities enhance the quality of life and add to the investment value of apartments in the area for prospective tenants and buyers seeking a holistic living experience.
Great Connectivity
The locality is blessed with major arterial roads connecting, such as the Outer Ring Road, Marathahalli-Sarjapur Outer Ring Road and Old Airport Road. The roadways facilitate smooth commuting to various parts of the city, including the Central Business District and other prime areas. Better road connectivity enhances the potential for property appreciation and rental income.
Whitefield Sarjapur Road boasts efficient public bus services, which make it easy for residents to reach different parts of the city. Additionally, the forthcoming metro line expansion into the area is a promising development to enhance connectivity and boost property values further.
Green Spaces
Amidst the urban sprawl, abundant greenery sets a residential project in Whitefield Sarjapur Road apart from the rest.
Green spaces, such as parks, gardens and tree-lined avenues, provide residents with a serene and aesthetically pleasing environment. They serve as recreational areas, promoting physical activity, relaxation and social interaction. The presence of green spaces can significantly enhance the quality of life for apartment dwellers, making the locality an attractive choice for potential buyers and tenants.
Investment Potential
Given Sarjapur's advantageous features encompassing connectivity, infrastructure and a cosmopolitan way of life, properties within this vicinity experience substantial appreciation rates. As Sarjapur Road continues to undergo swift advancements, it is poised to offer promising appreciation rates.
Investors in Whitefield Sarjapur Road have been able to capitalise on the rising property appreciation rates. The potential for attractive returns, whether through capital appreciation or rental income, is a compelling reason to invest in the area. Many real estate experts predict that the region's property values will continue to climb, making it a lucrative long-term investment option.
Areas Near Whitefield Sarjapur Road to Invest
Here is a look at the top three real estate investment options near Whitefield Sarjapur Road:
Bellandur
Touted as one of the city's prime residential districts, Bellandur boasts substantial potential for property appreciation. The locality enjoys seamless connectivity to Whitefield and Old Airport Road, strategically positioned within the city. Factors like swift access to major IT parks and the presence of essential social infrastructure bolster the real estate value of Bellandur.
Marathahalli
One of this area's most significant selling points is its connection to HAL Airport Road, thanks to a well-developed 6-lane railway overbridge. Marathahalli is in proximity to both the airport and Krishnarajapuram railway station. This locality is a crucial link to key IT hubs within the city and is celebrated as one of its most sought-after areas. Its vicinity to Whitefield has become a focal point for IT professionals, attracting them from all corners of the city.
Kadubeesanahalli
The area enjoys proximity to renowned destinations such as Whitefield and HSR Layout. Kadubeesanahalli's strategic location ensures connectivity to various business parks within these bustling areas. The locality offers diverse housing options, including various apartments and villa projects available in multiple configurations to cater to different preferences and needs.
Dommasandra
Among the rapidly growing Bengaluru suburbs, Dommasandra is garnering much attention among homebuyers. The locale is near several major IT hubs and technology parks, making it a highly-coveted residential area for IT professionals and executives seeking convenient commutes to work. Excellent connectivity is another aspect that contributes to this real estate micro-market. Dommasandra has easy access to Electronic City, Sarjapur Road and the Outer Ring Road. This network of well-maintained roads not only eases daily commuting but also connects the area to the city's major commercial and entertainment hubs. The upcoming NICE Road extension will further enhance the connectivity of this area, making it an even more attractive investment prospect.
Conclusion
Apartments in Whitefield Sarjapur Road offer exceptional investment potential. It is attributed to factors like their proximity to IT hubs, excellent connectivity, renowned educational institutions, retail and entertainment options, ongoing infrastructure development and green spaces. Property values are expected to appreciate as the demand for housing in this area continues to rise, making it a promising choice for real estate investors.
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