5 REASONS WHY TENANTS PREFER WHITEFIELD AS THE RESIDENTIAL LOCALITY IN BANGALORE
Migrating for the betterment of a career to a new city can be overwhelming, especially while finding a residence. The house-hunting process in a city like Bangalore can get confusing with many leads in different localities. Today, most of the demographic is looking for apartments for rent in Whitefield in layouts like Maithri Layout and Sathya Sai Layout.
Whitefield is a popular destination for tenants and property buyers due to the booming IT industry and fantastic amenities in and around the locality. The locality has witnessed a rapid change in the real estate market, with an exponential increase in rental prices and rental yields. The area also has many top IT companies like SAP, LTI, WNS, Amazon, and more, leading to employment opportunities. As the developing micro-market in Bangalore, it has transformed into a cosmopolitan neighborhood. The following section will explain why Whitefield has become preferred over other prominent localities in the city.
5 Reasons Why Whitefield Ranks in the List of Preferred Localities in Bangalore:
The IT Hub of the City:
People are looking for a house for rent in Whitefield primarily because of the vast employment opportunities available due to top corporate companies like Amazon, SAP, HCL, Oracle, Capgemini, ExxonMobil, Hindustan Unilever and Mercedes-Benz in famous tech parks like ITPL, Brigade Tech Park, RMZ Ecoworld. These companies are calling back employees to the office after the pandemic and shifting out of the WFH model. Hence, there is an increase in the rental homes in the locality.
Fantastic Inter-City Connectivity:
The one thing people look for while seeking a house for rent in Whitefield is how the transportation and the locality are interconnected with the other parts of the town. Whitefield has good four-lane connectivity through Varthur Road and Mahadevpura via Marathahalli and Old Airport Road. It seamlessly connects with other parts of Bangalore via the BMTC buses going to Majestic. It is also well-connected to Bengaluru Kempegowda International Airport (KIA) as it is 36km away, connected via SH 104. The locality also has Metro connectivity (purple line) to K.R. Puram.
Hub for rental housing options:
When millennial tenants search for a rental home in Whitefield, popular gated communities like Maithri Layout and others like Satya Sai Layout pop up. There are many layouts in and around the locality where 1BHK and 2BHK homes are available for rent starting from INR 17,000. Many PGs and co-living spaces are also available to cater to the increasing demand for housing.
Essential amenities and infrastructure:
This locality is well-known for its significant infrastructural development. There are many hospitals like Sathya Sai Hospital, Columbia Asia Hospital, Manipal Hospital, etc. There are also popular schools in the locality, like Vydehi School of Excellence, VIBGYOR High, Deens Academy, and more. Grocery stores and supermarkets like D-Mart, Reliance, Royal Mart, and Loyal World Market have all the daily necessities. Hence, individuals and couples with children seek rental residences in Whitefield. Areas like Maithri Layout are calm and serene, allowing residents to have a peaceful living experience with essential amenities nearby.
Good Balance of Work, Social and Cultural Life:
Everyone deserves a work-life balance. They must be able to hustle during their 9 to 5 in their offices and have a beverage and some good food afterward. Apart from IT Tech Parks, Whitefield has many popular restaurants and microbreweries in the locality for individuals to unwind with their families/ peers. The area has many shopping malls like Nexus Shantiniketan, Phoenix Marketcity, Nexus Whitefield, Park Square Mall, etc., which is the ideal stop for shopping. These malls also have cinema halls like PVR and Inox. There are many spas and salons to help you have a self-care day.
Eager to learn more about KOTS?
FAQs
View all FAQs
What is the application process like?
The application process is typically like a KYC process to get to know our customers.
What are the common lease terms?
The rental contract is for a standard of 11 months. However, you can choose how long you want to stay.
Can I renew my lease at the end of the term?
Yes, you have the option to renew your rental agreement whenever you wish to.
Is there any Commitment/Lock in period?
Lock in period is a commitment given by the tenants to us in order to avail free common area maintenance charge. Lock-in period should be a minimum of 6 months to avail free common area maintenance charge.
Can you renew or update only the lock in period?
No, once the contract is made you cannot update or change the lock-in period or any other terms.
Are they any hidden charges?
Being fair &transparent is our core value and we inform all our tenants about our terms &conditions in detail prior to the booking. There are no hidden charges or terms.
What is the difference between contract period and lock-in period?
Both aspects operate independently. Contract period is the 11 month legal term under which tenants will rent the flat with KOTS. Renewal of contracts is possible. On the other hand, the lock-in period refers to the duration for which the tenant commits to remain without terminating the contract, enabling them to take advantage of the free common area maintenance charges offered.
What happens if you terminate the contract (or) vacate the home during the Lock-In period ?
The common area maintenance charges offered will be reversed and you will be charged monthly common area maintenance charges for the entire stay duration.
Is there any notice period to terminate the contract?
Yes, the tenants have to serve 45 days notice period before they terminate the contract.
Are there any painting charges or move out charges?
Move out charges include painting charges to be paid (one time) by the Sub-Lessee in advance or in pre-paid manner at the time of booking the flat. If the rented flat is of Studio / 1BHK flat, painting charges are Rs 14,500 (Fourteen thousand five hundred.) and if the rented flat is a 2BHK flat, painting charges are Rs 19,500 (Nineteen thousand five hundred.).
Looking for personalised help?