Mostly IT people and business class people are buying properties here. The area is safe and secure and has police stations with effective police patrolling also. As there are more buyers and less investors, end-users’ and investors’ ratio stands at 80:20.
In this area the demand for 2 and 3 BHK apartments are more. The sale price of 2 BHK now ranges between Rs 50-70 lakh for 1,200 sq ft area, whereas, the cost of 3 BHK has gone up to Rs 70-1.10 crore spread in 1,500-1,700 sq ft area. Earlier, the 2 BHK and 3 BHK were available for Rs 50-60 lakh and Rs 70-1 crore, respectively.
Hebbal Flyover is expected to become city centre soon. Sale prices of multi-storey apartments have shot up by Rs 7-10 lakh during the last quarter. People are getting attracted to buy properties near Hebbal Flyover as the area is close to airport and Manyata Tech Park. Hebbal Flyover is only 6-7 kms from Electronic city.