Often regarded as the IT capital of India, Bangalore is home to the maximum number of techies in India. It is the third most populated city in country and has recently emerged as the most preferred real estate destination, leaving Mumbai and Delhi behind. Thanks to the availability of extensive job opportunities available in Bangalore. This has certainly led to an increased demand for residential and commercial units and has led to increased property rates. Such whopping prices in the central locality of Bangalore have given birth to new pockets of realty growth, one such location is Hebbal.
Why Hebbal?
Located in North Bangalore, Hebbal was earlier believed to be the city limit for Bangalore, but now, the road networks have multiplied and a number of new flyovers have been constructed which act as a network between the Outer Ring Road and Bellary Road (NH7). The congregation of a number of companies in North Bangalore has also increased demands for rental homes in Hebbal.
Hebbal also has a very good connectivity to arterial roads and is located in proximity to the central business district of Bangalore. The wonderful connectivity to prime office locations have also brought about rise in residential real estate in this locality.
The developers are mainly targeting the second-home buyers who are unable to afford the costly properties located in Central or South Bangalore. Hebbel has emerged as a cost-effective option for such buyers in the recent years and the developments in still on!
Launch of new projects
Basically, the market is end user driven, and this advantage is being cashed by the developers who have launched their new residential properties across different locations in Hebbal, and have already started counting million in just few years.
Vasathi Avante
Launched in in Rachenahalli, Hebbal, Bangalore North Vasathi Avante is a well-designed residential township which is spread across 5 acres of green areas. Vasathi Avante is a strategically located project by Vasathi Housing and Infra Pvt. Ltd. and offers 380 apartments available in the configurations of 2 BHK, 2 BHK + Study and 3 BHK. The properties are available in the area range of 1055 - 1621 Sq. Ft. and are priced between Rs. 46.44 lakh to 62.78 lakh. The stipulated possession date is March 2016.
Abodh Valmark
Valmark Builders unveils Abodh Valmark in Hebbal, Bangalore North, located in the lap of Mother Nature. This is a residential apartment complex which brings in meticulously designed 2 BHK and 3 BHK apartments available in the area range of 1310 - 1844 Sq. Ft. these are ready to move in apartments priced between Rs. 59 lakh to 88 lakh.
Experts speak
The Cushman & Wakefield (C&W) informs that the property purchases in Hebbal are mostly led by long-term investors and this is the reason why the prices are going up at a rapid rate. Looking at the market trends, it can be speculated that the property prices will go up. As of now in 2014, Hebbal has already witnessed a price appreciation of more than 8%, particularly in the high-end residential segment
Author Bio: Rashmi Karan is a professional content writer who offers updated and accurate information about the current realty trends regarding purchase and sale of residential and commercial properties across India.