Hebbal–A Definite Hotspot for Investments
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BY Thomas Andrew
Hebbal is the northern endpoint of Bengaluru city. It was initially known for its beautiful Hebbal Lake and is now much better known for its circuitous flyovers connecting the Outer Ring Road and the Bellary Road.
This famous flyover built by Gammon India covers a length of 5.23 kilometers overall. On the other side though, the Hebbal Lake area is still acclaimed for its lovely parks, boating facilities and bird watching. With the presence of many IT companies, there has been an increase in the number of flats in Hebbal in RT Nagar and Sahakarnagar.
The Bengaluru International Airport (BIAL) being located at very close quarters with Hebbal has added up to its popularity all the more. Due to the close proximity to BIAL, many projects in Hebbal have seen a constant growth in the recent years. A few important technology parks and software companies include: Embassy Manyata Business Park, which is one of the largest technology and business parks in Bengaluru city. Embassy Kirslokar Business Park MRO Tech CEFA AstraZeneca Integra Micro Software Services Bharat Electronics Limited (BEL) IBM Besides these primary infrastructures, the suburb has also attracted many social infrastructures like high-end hospitals and schools that again help the real estate development in this area.
Few of the well known educational institutes:
IGNOU (Indira Gandhi National Open University) Vidya Niketan Rajiv Gandhi Institute of Technology Dairy Science College Presidency College Air Force school etc.
For any kind of medical emergencies there are some very good hospitals; namely:
Baptist Hospital Columbia Asia Hospital S M Hospital Cauvery Medical Centre and so on.
Few of the top notch hotels/resorts located here are:
The Royal Senate Check Inn Chairman’s Club Sathya Comfort.
Taking a look at the connectivity, it has also proved to have decent connectivity to other parts of the city through the BMTC buses and small railway stations.
The area is also easily accessible and is well connected to other commercial areas like Yelahanka and Devanahalli from the NH-7.
Latest plans of the upcoming monorail and high speed rail networks in this locality will also help add to the connectivity advantages. Another proposal by the Karnataka Government is that a six-lane elevated highway between Hebbal and BIAL is also underway and is expected to improve the area’s connectivity further more. Many custom-made projects and townships are being built near the flyover that includes the luxurious villas in Hebbal. With regards to Hebbal real estate, owing to BIAL again, the northern Bengaluru has been witnessing a slow and steady rise in capital values. The developments in this area have brought together many big property developers to construct here.
A few such prestigious developers include:
RMZ Embassy Century Brigade Godrej Properties.
Apart from this, Sobha group has launched 1500 units of huge township named Sobha City. The area offers a broad spectrum of affordable to high priced properties, of which, high end Hebbal properties are priced over Rs 2 crores. The average rates developers quote for residential apartments in Hebbal range from Rs 5000 per square feet to Rs 8000 per square feet. According to Knight Frank (the famous global real estate consultant), the area is expected to see an average price appreciation of 94% in the next 5 years and it is also listed among the top ten Indian destinations to invest in.
Ref: http://dailyfinance365.com/hebbal-definite-hotspot-investments/