Itpl, Bangalore

international tech park or itpl Bangalore is a technology centre located in the eastern periphery of bangalore. itpl is a first-of-its-kind tech park in india developed with the theme of live-work-play. later itpl has become a role model for many such it parks in the country. this neighbourhood houses a massive number of mncs like general motors, at&t, igate, oracle, ibm, and tcs, among others. 

itpl was planned by a consortium of indian and singaporean companies back in 1992 to replicate the singapore style of infrastructure development. and now, itpl has created history by becoming an icon of indias it success story. itpl is well connected to other parts of the city through varthur road and hal old road. the area is in close vicinity to whitefield, channasandra, and hoodi. 

the neighbourhood of itpl has ongoing and ready-to-move-in properties. all the major players in the realty sector have a presence here. prestige, ascendes, brigade, sobha, godrej, shriram properties, among others, have built residential and commercial spaces in the neighbourhood of itpl. itpl has an impressive social infrastructure with removed schools, colleges, offices, and sporting arenas. 50% of the properties lie in the price band of 40-80 lakhs. 3 bhk is the most popular configuration in this area and accounts for 45% of the properties put up for sale. 

key highlights

• excellent connectivity with other parts of bangalore city by road and metro. 

• the area is a confluence of residential properties like apartments, villas, and independent houses. 

• ascendas park square mall, taj vivanta are close by.

whats great?

• availability of public transport at all the times for commute to other parts of the city

• all major banks like hdfc bank, central bank of india, indian overseas bank, indian bank and uco bank are nearby.

• eminent schools, colleges, hospitals, management institutions are in close proximity. 

whats not great?

• heavy road traffic at peak hours

• air pollution 

• potholes on roads could be a problem. 

Watch out for?

• itpl tech park, which consists of 10 buildings and hosts hundreds of mncs

• upcoming whitefield metro station under namma metro phase 2. 

property price rising factor

short term

• several ready-to-move-in projects. most of the builders planned for new phases in the existing projects. 

• well established centre in the city of bangalore. 

long term

• well-developed social infrastructure 

• employment opportunities in close vicinity make it convenient for people to live-work here without the hassle of commuting.

other highlights

social infrastructure

itpl has an excellent social infrastructure. malls, colleges, multi-speciality hospitals are available in this area. the area is rated high on the livability index in terms of services availability, cleanliness, environment, parking space etc.

shopping complex & markets

• inorbit mall

• prestige forum mall

• ascendas park mall

health care centers

• aayug multispecialty hospital 

• sri sathya sai baba hospital 

• cloudnine hospital 

connectivity & public transport

whitefield railway station is at a distance of 6 km via itpl main road. 

bus transport to all major routes starts from the itpl bus stop on the main road. baiyappanahalli metro station is 12 km from itpl. 

schools, bank & fitness centers

schools in this area:

• vivero international preschool and childcare

• saint teresa international school 

• gopalan international school

banks in the area:

• state bank of india: industrial complex

• citi bank: opp. itpl

• canara bank branch: Pattandur Agrahara

• axis bank: itpl phase 2

nearby atms for all prominent banks:

• digi bank

• citi bank

• axis bank

• hdfc bank

fitness centers:

• realm fitness fight club mma gym, park square mall, itpl

• golds gym, rogent prime 

popular landmarks near locality

• hal aerospace museum and heritage centre– hal old airport road

• kaikondrahalli lake walkway – kaikondrahalli, bangalore

micro market analysis

capital and rental trends

• in itpl, the average price per sq.ft in a multistorey apartment is rs. 6761. the lowest per sq. ft value is around rs. 5207. the highest per sq. ft value is hovering at rs. 8315. price per sq. ft. has jumped by 1.3% in the second quarter of 2020. 

• the difference in per sq. ft. price from the third quarter of 2019 to the third quarter of 2020 is minimal. 

• 55% of the properties put on rent by individuals are in 2 bhk configurations. 40% of the 2 bhk apartments demand a rent between rs. 15k and rs. 25k per month. 

scope of growth

itpl has great road connectivity, the presence of global companies and well established social infrastructure. it is poised to become a much more significant investment attractor in future.

investment opportunities

price trend suggests that it is good to hold possession in the ready-to-move-in apartment. it is suggested to buy a property where new phases are planned by the builders.