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Once a small village, Whitefield has now developed into a major IT hub of Bangalore. Today, Whitefield is more than just an extension to the city with leading IT giants such as Wipro, Dell and IBM finding their way to the first IT Park in India, the International Tech Park, Bangalore. Business growth has significantly made way for real estate in Whitefield. The demand for residential spaces both for renting and buying is increasing in Whitefield due to its proximity to industries and IT hubs. Several builders are constructing world-class housing options which have led to an escalation of property prices in the area. Whitefield is excellently connected with several key parts of Bangalore through the Old Madras Road and Outer Ring Road. The new International Airport is situated at a distance of 44.8 km from Whitefield. Namma Metro has proposed an extension of Line covering 13 stations between Byappanahalli and Whitefield and many more route extensions are currently under construction. The proposed metro line is sure to benefit both residential and IT belts in Whitefield. Metro rail network will reinforce good connectivity to Whitefield, pushing demand for residential property in the area. Property rates in Whitefield Hope Farm Junction have risen by upto 45.1% in last 6 months.