1 City Overview (continued)
1.2 Whitefield Micro-market Overview
The subject micro-market of Whitefield is located in the eastern part of Bangalore. Located at a distance of approximately
47-48 km from Bangalore International Airport and approximately 21-22 km from MG Road, the subject micro-market
has emerged as a prominent IT/ITES destination subsequent to the establishment of International Technology Park Ltd.
(ITPL) in 1998.
Currently, Whitefield is one of the established commercial suburbs of Bangalore and is a prominent IT/ITES hub in the
city. The development activity is a combination of owned campus spaces as well as large scale IT/ITES parks which
houses many built-to-space blocks. With the increase in IT/ITES activity in the recent past, residential activity has also
witnessed a commensurate increase in and around the region to support the increasing demand of working populace
looking at housing options close to their workplace. Further, social infrastructure facilities in the form of retail malls,
hotels, educational institutes and hospitals are contributing to the region developing into a self-sustaining suburb.
However, in spite of the growing commercial & residential activity, Whitefield region has not been supported by adequate
physical infrastructure. The region suffers from heavy traffic congestion along major roads connecting to the CBD, thereby
increasing travel time for commuters to & from the city. The operational metro rail link from MG Road to Baiyappanahalli
(viz. Phase I) and the flyover on the Sai Baba Ashram road have improved connectivity. However, the extension of the metro
line from Byapanahalli to Whitefield is expected to commence soon, post which the connectivity is expected to improve.
However, in the interim during the construction phase, the traffic congestion is expected to be heightened. Thus, in the
medium term, the subject micro-market is expected to emerge as an attractive investment destination and a prominent real
estate hub on account of the infrastructure initiatives to cater to the increasing developments in the region and therefore,
is also expected to witness good demand levels across all real estate segments.
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ASCENDAS india trust ANNUAL REPORT
2015/2016
