Why Hebbal Became as a Hot Destination for Property Investors ?

Bangalore : Hebbal in North zone of Bangalore is emerging as one of the top destination for property investors not only in Bangalore all over the country. As per the present scenario, the top destination expects to see a maximum appreciation of about 94% by the year 2017. There are many IT/ITES, BPO centers, aerospace companies are coming up in Bangalore city which covers a 44.4% million sq ft of space. A majority is expected to be in Hebbal. The prices may reach Rs 8.230 per sq ft in the future. Present property ranges are Rs 4300 to 5000 per sq ft. Local real estate agents believe that the shortage of space for IT hubs in Bangalore will push buyers to move on to areas like Hebbal. Knight Frank Research stated that the North Bangalore witness a supply of 10,000 residential units by the end of this year.

It comes under the north zone of Bangalore, which has recently emerged as a hot destination for property investors. Hebbal location holds immense potential in terms of real estate development. It is widely famous for Hebbal Lake and well known for the meandering mazes of flyovers that associate the Outer ring Road & Bellary Road National high way 7 and mile stone away from Baptist Hospital and check post.

The north Bangalore has developed beyond our expectations. Most of the developers believe that north Bangalore Hebbal has a potential to become as a greater Bangalore. The arrival of the airport has upped the stake

Infra structure improvement and connectivity:

The Infrastructure of Hebbal is outstanding. North Bangalore is well connected with major cities and a wide road is leading to it. The proposed infrastructural developments in North Bangalore are BDA Peripheral Ring road, high speed Rail link, Elevated express way, serpentine maze of flyovers linking ORR, Broad Bellary Roads of 6.25 kms in length and this is the longest flyover in India, All Major Roads are leading BIAL, The International Airport and Improved connectivity to the city through four lane Road. All these hold promise for making Hebbal as a hot and self sustained destination.

The Hebbal location houses good and reputed schools, Colleges, Tech parks, IT Hubs, Hospitals, Malls, Super markets, 5 star hotels, restaurants, Shopping centers, Gated communities, ATM centers, Banks, Government Offices, Technology centers, Business clusters, Police stations and it has been seen that the city expands towards the Airport.

Bangalore is far expected to be south India’s Busiest Airport Hub for both inbound and outbound. Recently news reported Bangalore Airport as 3^rd largest Airport in India.

Employment Opportunities:

A number of business tech parks and IT hubs are shop in Hebbal. Some of the Tech parks which are established are Manyatha Embassy Business Park which houses MNC’s like IBM, Infosys, Cognizant, Target, Philips and many more. The embassy Kirloskar Business Park has changed the outlook of Kempapura which is next to Hebbal. BEL (Bharat Electronics Limited) has its corporate offices near to Hebbal Aero space near Devanahalli near to Hebbal maintain Aircrafts and overhaul spare parts. So, due to this housing there are a lot of employment opportunities.

New Projects:

In Bangalore, Hebbal itself has shown 59% rise in real estate property. The major Real estate projects which are newly coming up here are as follows.

1. NCC (Nagarjuna Meadows)
2. RMZ Galleria
3. Godrej Platinum
4. Brigade Caladium
5. Provident Welworth City
6. Purvankara Venezia
7. RMZ Latitude

North Bangalore is set to become Greater Bangalore in the future