Once the end point of Bangalore city
in the north,Hebbal is set to redefine its stature over the next five
years.Taking into account launched residential projects and projects
that are to be announced in the coming months,with the Hebbal lake as
the centre point,a whopping 2,000 residential units,mainly
apartments,are set to come up in the area.And whats interesting is that
all units are priced above Rs 1 crore,of which close to 1,000 units are
priced above Rs 2.5 crore.
This development can be geographically split into two parts one part of the development is around the Manyata Embassy Business Park,and the other is along a 3-km radius on Bellary Road from the Hebbal lake.As J C Sharma,MD,Sobha Developers,puts it,This stretch will be the new M G Road of Bangalore. Hebbal is where the new Bangalore is going to be.Hence,the demand, says Jitendra Virwani,CMD,Embassy Group,adding that most of the infrastructure projects on Bellary road are running ahead of schedule.Besides primary infrastructure,the area has attracted a lot of social infrastructure like high-end hospitals and schools thats fuelling real estate development.
In the Hebbal micro-market,availability is low in the Rs 60- to Rs 90-lakh segment,and the new products being launched are in the higher price segment of above Rs 1 crore, says Karun Varma,MD (Bangalore & Kochi),Jones Lang LaSalle India,a real estate consultancy firm.
From clubhouses in the sky to designer homes by Jade Jagger,to apartments that tower 40 floors high,Hebbals skyline would represent a bespoke luxury lifestyle.
REALTY SHOW
In the pipeline: 2,000 residential units,mainly apartments,priced over Rs 1 crore Price range: Some 1,000 of these units priced well above Rs 2.5 crore Drying up: Availability of units in the Rs 60-90 lakh segment is very low
BULGE BRACKET
Some sport bespoke luxury lifestyle: clubhouses in the sky to designer homes.A few apartments are 40 floors high
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