Which Is The Richest Area In Bangalore

Whitefield is one of the richest and safest areas in Bangalore and is located in the eastern part. The area is famous for its thriving tech industry and offers all amenities nearby. It has become the richest area because of its rising demand. The tech industry has made property prices rise, and many top builders have launched their projects in the locale. The property prices in the area have increased with time. The present rate of property is 10,315/sqft. The most expensive property in the area is priced at Rs. 23,326/ sqft. The rental properties are also high on demand and have rose upto 5% in the last 5 years. The locality promises high returns to property owners.

The reasons why Whitefield is the richest area and the ideal option to live and invest are:

1. IT Hub: Whitefield hosts many tech parks and startups. This has created a high demand for quality housing and boosted property values.
2. High-End Residential Projects: It has many luxury residential projects to meet the needs of high-earning professionals. These are launched by big builders like Prestige Group. One of the upcoming projects in the area is Prestige Raintree Park.
3. Excellent Connectivity: It has strong connectivity to major parts of Bangalore. This is via key roads like the ORR, SH-35, etc. It has smooth access to the upcoming metro line as well.
4. Top-Notch Infrastructure: The area has top-rated schools, hospitals, shopping malls, and restaurants. This well-rounded infrastructure drives property demand and prices.
5. High ROI and Rental Demand: Due to the area's appeal and proximity to workplaces, the properties tend to offer high ROI. The consistent rental income makes it a favored location for real estate investment.

Here are a few of the best properties in Whitefield:

Prestige Raintree Park is a luxurious mixed residential and commercial project in Whitefield, Bangalore. Spread across 107 acres, it is being developed in three phases. Phase 1 covers 21 acres and includes 18 high-rise towers with 1,520 flats. The flats come in 3, 3.5, and 4.5 BHK sizes, with areas ranging from 2005 sq. ft. to 3700 sq. ft. Prices start from Rs 2.59 crore. The project also features a 25-acre commercial space with a tech park and a mall. It is RERA-approved, with the RERA ID PR/270824/006981. Launched in August 2024, it is expected to be ready for possession by December 2028.

Prestige Somerville is a beautiful residential apartment township on Marathahalli-Whitefield Road, Bangalore. Spread over 6.5 acres, it has two impressive towers. These towers offer 306 apartments in 2, 3, and 4 BHK sizes, with unit sizes ranging from 1203 to 3510 sq. ft. Prices start at Rs 1.7 crore. The project is RERA-certified, with RERA ID PR/290224/006660, and is scheduled for completion in Dec 2027.

Prestige Green Gables is a top-end residential project on 12 acres in Whitefield, Bangalore. It offers 657 luxurious 3 and 4 BHK apartments in 4 towers. The sizes range from 1981 to 2712 sq. ft., and prices start at INR 2.1 Cr. It is RERA-certified, with a completion date in June 2025. The RERA ID of the project is PR/140222/004706. The project was launched in 2021 and is in the development phase.

Prestige Lavender Fields is a gated community offering luxury apartments in Varthur, Bangalore. The project spans 18.2 acres and includes six tall towers with 1,473 apartments. These modern apartments come in 1, 2, 3, and 4 BHK layouts. The sizes are offered from 669 to 3656 sq. ft. Prices are flexible, starting from Rs 64 lakhs up to Rs 3.55 crore. The project was launched in June 2023, with possession expected by May 2027. It is RERA-approved, with ID PR/290423/005906.