Comparison of real estate market: Hebbal vs Whitefield
Hebbal is an area in Bangalore which is better known for the Hebbal lake and flyovers that connect the Outer Ring Road and Bellary Road. Hebbal hosts several reputed companies because of which other residential areas around Hebbal have also grown rapidly.
Whitefield is conveniently located in the East Bangalore. The region is developed in two concentric circles, out of which the Inner Circle faces greenery while the Outer Circle incorporates the inner one. The region gained its popularity because of numerous IT companies and Apartments. The region incorporates the areas like Vinayaka Layout, Nallurhalli and Gandhipuram. It is enveloped by Vijaynagar, ITPL, Brookefield and Marathahalli.
Connectivity:
The connectivity in Hebbal is good but traffic congestion is there for which the civic authority has planned to broaden and upgrade the Bellary Road leading to BIA. It is also found that the daily traffic volume in Hebbal is increasing. But in this case Whitefield has excellent connectivity and the connectivity is expected to improve more after the completion of planned Peripheral Ring Road Phase I and Bangalore Metro Rail.
Real Estate Market:
Hebbal has seen large number of projects both mid-segment and upper-segment. In next five, Hebbal is expected to see an average price appreciation of 94 percent. Hebbal has seen a complete makeover in the last decade. The area has gained importance as a preferred destination with the establishment of Bengaluru International Airport at Devanahalli.
Whitefield offer both villa projects as well as affordable projects. But it is said that residential sales in Whitefield will continue to increase because of the affordable rates and the area is also close to workplace centers and the enhanced retail and social infrastructure. Whitefield has seen an upward trend in realty market due to a high number of IT companies in the neighbourhood.
The demand for properties in and around Whitefield is increasing because of the connectivity, proximity to workplaces and other social infrastructure. The residential properties in Whitefield is also increasing because of the increasing demand for office and retail space.
Location | Oct- Dec 2012 | Jan- Mar 2013 | Project price for 2017 |
Hebbal | Rs 5141 per sqft | Rs 5200 per sqft | Rs 8230 per sqft |
Whitefield | Rs 4657 per sqft | Rs 4800 per sqft | Rs 7,370 per sqft |
Educational Institutions:
In Whitefield, there are many reputed educational institutions like The Deens Academy, St Mira’s Heritage Academy, St Thomas School. Delhi Public School and many more. But in Hebbal you will get top CBSE schools like Kendriya Vidyalaya, Air Force School, Jain International Residential School, Oxford Senior Secondary School, Vidyaniketan Public School
Whitefield is also having malls like The Forum Value Mall, Inorbit Mall, Phoenix Market City Mall and Ascendas Park Square Mall. But in Hebbal there is only one mall that is Esteem Mall
Buyers Advice:
If you are planning to invest in a property in Bangalore then one should go for Hebbal as one can expect good appreciation in future and if you want to go for affordable housing with all the amenities then Whitefield is the better option. Home buyers interested in buying villas can go with Hebbal as lot of villas projects are coming up from retupated builders like Prestige, Hiranandani, Sobha and Brigade Group. Whitefield is also coming up with villas project but builders are not so reputed