Benefits of Metro Connectivity and Offices in Whitefield.in Whitefield
Whitefield is the second-largest office market in Bengaluru, with an office stock of 40.4 million square feet and vacancy levels of 17.2%. It is already a booming IT hub, with the highest number of tech parks within an area in Bangalore, and with the introduction of metro services, the rentals of offices are expected to increase by about 8–10%, according to Colliers’ latest report.
To know more about the benefits of metro connectivity and offices in Whitefield, keep reading.
Metro connectivity in Whitefield
The metro line, which was inaugurated on March 25, 2023, connects Whitefield with the rest of the city, reducing commute time and improving accessibility. The new purple line extends 39.4 km, connecting 35 stations from Kengeri to Baiyappanahall. The Whitefield-KR Puram metro line is a crucial part of this expansion envisioned in phase 2 of the project.
Impact on Business and Employment
With better connectivity, companies can benefit from a large number of potential employees who can commute to their offices easily and efficiently.
It has been noticed that 64% of the total leasing in the Central Business District CBD happened during the metro operation stage, i.e., 2017–2022. During this period, office supply has increased more than four times.
Accessibility and Lifestyle
The new metro lines enable people to conveniently gain access to a wide range of services, like education, work, and entertainment, from their rental apartments in Whitefield. It is now easier for people to conveniently commute to work or school from their homes without having to relocate.
The real estate revolution has not only attracted IT professionals but also families and individuals to this well-connected and peaceful neighborhood. Whitefield has blossomed into a hotspot to call home, showing off its infrastructure, shopping malls, fun entertainment spots, and good healthcare options.
Impact on Flex Space
The flex industry has been booming in recent years in Bangalore, but the number of players and the market itself have been limited in Whitefield. However, with the commencement of metros, it is about to change, and flex operators will strengthen their presence in Whitefield.
Whitefield has many advantages for flex spaces, including:
- Good audience, like young IT professionals and expats
- Connectivity to other parts of the city
- Competitive rentals
Overall
Whitefield is a prime example of how metro connectivity can positively impact business and lifestyle in a city. The introduction of metro connectivity in Whitefield has brought several significant benefits for businesses, employment opportunities, accessibility, and real estate. The seamless connectivity provided by the metro lines has reduced commute times, attracted more businesses to the area, and improved the overall quality of life for residents.
This has made Whitefield a thriving hub for IT professionals, families, and individuals seeking a well-connected and vibrant neighborhood. There is significant growth and change already, and it has only been a year since metro connectivity commenced. There is more potential for further growth and development as the anticipated blue line extending from KempeGowda International Airport to KR Puram draws close to completion.