Hebbal, considered the northern gateway of Bangalore till recently, is fast emerging as one of the most happening regions in the city. Many apartment complexes, housing projects, commercial ventures and shopping malls are mushrooming around Hebbal's famous swirling flyover. The vacant stretches of land around Hebbal lake are gradually becoming plots that would house high-rise buildings, which might match the grandeur of Hebbal's renowned twin towers.
Many builders including DRK Infra Projects, Godrej Properties, Brigade Group, Puravankara Projects, Century Group, Renaissance Holdings and Developers Private, Sterling Developers, Narayana Apartments, Eco Land Constructions, Unishine Group, Deccan Group, Embassy Group and Sriman Builders and Developers have started housing projects in and around Hebbal. Many others are in the process of starting their projects.
Pricing & Demand
Currently, two bedroom apartments are priced between Rs 35 to Rs 85 lakhs depending on the location and type of construction. The rental values are steadily increasing with commercial properties yielding a rent of `10 to `20 per sq. ft. As busy industrial areas like Manyata Tech Park, Kirloskar Business Park and L&T Engineering Solutions are located very close to Hebbal, there is a huge demand for houses in the area.
M Surya Prakash, a local developer, said, "In the last five years, at least one lakh high paying jobs were created in the IT Parks that are located in and around Hebbal. Therefore, there is a lot of demand for residential and commercial properties in the area. Many reputed builders have started their projects over here and have sold many flats even before completing the projects".
Shrinivas Rao, CEO of Vestian Asia Pacific, a real estate certifying agency, said, "Hebbal is home to multi-national companies like Cognizant, IBM, Fidelity, ANZ, Monsanto and Nokia. At least 70,000 people are already employed in these companies. Five more mega IT Parks - Karle Town Center, RMZ Galleria, Brigade Magnum, Sattva Galleria and RMZ Latitude - are under construction and 1.72 million sq. ft. would be developed. As many more jobs would be generated in the near future, the demand will only increase."
Hebbal is situated 10 km from Majestic and 25 km from Bangalore International Airport along the junction of the busy Bangalore - Hyderabad Highway and Outer Ring Road. Hebbal houses some of the busiest roads in the city. Some of the recognised institutions in the city including Indian Council of Agricultural Research, Veterinary College, University of Agricultural Sciences Farm, Baptist Hospital, Kendriya Vidyalaya and Columbia Asia Hospital are situated in Hebbal. Nayagrama, the colony which houses the judges of the High Court, is also situated in Hebbal.
The area is also home to some of the recognised educational institutions. Surrounded by Esteem Mall, Lumbini Park, Nagawara Lake, Bhupathi Tennis Village and some good hotels, Hebbal provides ample space for leisure activities.
As Cauvery water is being supplied to most of the areas in and around Hebbal, the area receives adequate supply of drinking water.
With many high rise buildings under construction all over Hebbal, there is a significant increase in population, which in turn causes frequent traffic jams in the narrow sub arterial roads of the area.
There is considerable sound pollution even in residential areas. The proposed elevated roadway between Hebbal and Basaveshwara Circle is expected to ease the flow of traffic.