Invest in Hebbal to earn good rental returns |
Posted: April 20, 2017 |
Located in northern part of Bangalore city, Hebbal is one of the most-sought after residential areas of the metropolis. Created by KempeGowda in the year 1537, this locality is renowned for its scenic lake. As the area is located away from the hustle and bustle of city life, it has been the most preferred residential destination amongst families and retired personals. Apart from it, the locality’s great social infrastructure is also one of the major factors that drive the housing demand of this region. Here are some of the other important factors that drive the real estate in Hebbal; Being a major transit point for several areas, Hebbal is well connected to rest of the city. Apart from road connectivity, the locality also has the advantage of connectivity to other parts of the city via rail, as well. Apart from it, the proposed phase 3 of Namma Metro in Hebbal is also playing a pivotal role in booming the property market of this region. This metro line which will be operated between Sarjapur Layout and Yelahanka will cross Hebbal. Alongside, the locality’s proximity to the Outer Ring Road (ORR) and Bellary Road has boosted the property prices in Hebbal. As there is water scarcity in this area, the residents of Hebbal are hugely dependent on water tankers. However, the proposal to include Hebbal into Greater Bangalore will provide a solution for this water problem in this region. With the BWSSB (Bangalore Water Supply and Sewage Board) has allotted INR 1,000 crore for new water projects to supply water to Greater Bangalore, Hebbal is likely to get benefited in near future. When it comes to inter-city connectivity, the locality gets frequent bus services operated by the BMTC (Bangalore Metropolitan Transportation Corporation). Apart from it, the trains that connect to areas like Yeshwantpur, Banaswadi, Belandur and Anekal Road halts at the Hebbal Railway Station. The Kempegowda International Airport is located at distance of 30 km from this region and the Bangalore City junction is 9km away from here. Over the past few years, the locality has been witnessing a heap of residential developments. According to realty sources, 77% of lands in this region have been utilized to develop multi-storey buildings and 17% for the development of individual homes. As the locality is considered to be affordable investment destination compared to its neighboring localities, the region grasps the attention of many working professionals who look for budget homes in Bangalore. With proximity to several employment hubs, the demand for rental homes is also high in this region. Especially, the employees who look for 1 bhk or 2 bhk house for rent in Bangalore at affordable rates prefers Hebbal.
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