Hebbal is one of Bangalore’s busiest and most upscale neighbourhoods today. But it wasn’t always like that.
Hebbal was initially known only for being home to one of the oldest lakes in Bangalore, one of the three built by Kempegowda in the 16th century.
The lake sprawls across 150 acres and was once a paradise for multiple species of birds like the Eurasian Spoonbill, Shoveller, Little Grebe, Coot, and others. Sadly, the quality of the lake has disintegrated over the years due to apathy and the tremendous inflow of chemicals from surrounding industries.
But that has not deterred it from being one of the prime areas to invest in real estate in Bangalore. Here are some of the reasons why Hebbal continues to lure prospective property investors.
Employment opportunities
Hebbal expanded from a small town on the outskirts of Bangalore to one of the preferred hotspots due to the inevitable IT boom. It is one of the biggest IT hubs in Bangalore with the Manyata Tech Park and Manyata Embassy Business Park being based here.
Industries like Shell, L&T, Tyco, and the National Seeds Corporation, among others, also have a presence here. Hebbal is close to Koramangala and the KIADB Industrial Area, which makes it a highly viable option for young professionals and jobseekers.
Connectivity and transport options
The area has excellent connectivity to National Highway 7 while the Outer Ring Road links it to major areas like Hennur, RT Nagar, and Yelahanka. The second phase of Namma Metro is under construction and is expected to cover Hebbal as well while the 8-lane Peripheral Ring Road will help decongest traffic.
Of course, Hebbal’s biggest pull is its proximity and connectivity to the international airport, which is just 30 kilometres away. It is also well-linked to the city centre through various buses, and it has its own railway station as well.
Education and healthcare
Hebbal boasts premium schools like Vidya Niketan, Jain Heritage, and Sindhi High School. Healthcare options include the Columbia Asia Hospital and the Bangalore Baptist Hospital.
Property options and prices
Hebbal has a range of options beginning from budget apartments to luxury villas facing the lake that command prices anywhere upward from Rs 2 crore.
Currently, the average property price in Hebbal is around Rs 5,400 per sq ft and is continuously on the rise. The locality has properties from premium builders, including Sobha, Brigade, Puravankara, and Prestige.
The growth of commercial real estate also has been rapid and impressive in the last few years. Companies like IBM, Integra Micro Software, Phillips, and AstraZeneca are just some of the multinationals that have zoomed in on Hebbal for their offices.
In the near future, experts estimate that Bangalore will provide 45 million sq ft of space to biotech, IT/ITeS, and aerospace companies from across India and the world, and the bulk of it is anticipated to come up in Hebbal.
Not surprising then that the area currently has a big consumer demand for residential properties.
Hebbal has seen a phenomenal 59% increase in appreciation of real estate property since 2011 because of its proximity to the international airport, Majestic Railway Station and key areas like Marathahalli, MG Road, and Palace Grounds.