HBR Layout property market: An overview

The HBR Layout real estate market has witnessed a boom, owing to the presence of large software tech parks in the city and also because it enjoys great social amenities, as it is a BDA layout. HBR Layout has experienced a major transformation, since the IT boom in the 1990s, resulting in a spike in the demand for flats in HBR Layout.

The Hennur-Bellary Road Layout (HBR Layout), is one of northern Bengaluru’s most bustling residential colonies. It spreads out on both sides of the Outer Ring Road, which is a major connectivity lifeline for residents. This housing colony has five blocks and was formed by the BDA.

The BDA also has a shopping complex located in the 2nd block. There are several parks and wide roads here, while residents also enjoy BWSSB water supply. The locality is also well-connected to the Kirloskar and Manyata Tech Parks.

The KIAL or new international airport, is located in close proximity, while the Kammanahalli Main Road has transformed into a prime shopping destination. The locality offers easy access to Banaswadi, Hebbal (4 kilometres), HRBR Layout and Nagawara, among other areas. Apart from residential apartment complexes, there are independent villas located in the area, as well.

There are two big parks, along with several hotels and restaurants. The locality also offers access to the Iskcon HBR Layout. When it comes to demand for apartments in HBR Layout, 2 and 3-BHK are the preferred configurations. Some of the most prominent projects in HBR Layout include Mantri Astra and SLV Pearl. Reputed builders in HBR Layout include Prestige, K Raheja, Puravankara, Sekhar and Brigade, among others.

While neighbouring areas like Hebbal and ORR cater mostly to the upper range of the realty market owing to higher property rates, HBR Layout is still a good bet for investors looking for affordable and mid-range housing options.

 

Connectivity with nearby HBR Layout localities

• Well-connected to the Outer Ring Road and KR Puram.
• Enjoys easy access to IT parks and other business centres in Bengaluru.
• HBR Layout is located 32.6 kilometres away from the Kempegowda International Airport.
• The nearest railway station is Banaswadi Railway Station.
• BMTC Volvo buses connect this area to all other parts of the city.

 

Employment hubs near HBR Layout

• Embassy Manyata Business Park – 6 kilometres via NH-44 and NH-75 and Service Road.
• Koramangala – 16.7 kilometres via 100 Ft Road
• International Tech Park (ITPB) – 15.2 kilometres via NH-75 and Whitefield Main Road.
• KIADB Industrial Area – 14 kilometres via NH-44, NH-75 and Bellary Road.
• Electronic City – 33.8 kilometres via Hosur Road.
• Whitefield – 18.7 kilometres via NH-75 and Whitefield Main Road.
• Wipro Corporate Office – 10.6 kilometres via Queens Road.
• Kirloskar Tech Park is present here.

 

Schools in HBR Layout and other social amenities

Some of the reputed schools in HBR Layout include the Arabic College, Maxwell Public School, SJR Public School and JSS Public School. Leading hospitals in HBR Layout include the Sri Sai Hospital and Manipal Fertility – Kalyan Nagar. Popular shopping malls in HBR Layout include the BDA Shopping Complex and Elements Mall, to name a few.

 

Upcoming physical infrastructure in HBR Layout

• Hennur Road will undergo widening, to a four-lane highway. This, along with a cargo road for Bengaluru’s international airport, will benefit the locality.
• The 8-lane Peripheral Ring Road, will help in easing traffic congestion in the entire corridor.

 

Price trends in HBR Layout

• Price appreciation – 7%-10% over the last quarter.
• Current property rates – Rs 3,570–5,826 per sq ft.

 

Reasons to invest in HBR Layout

Considering the price trends in HBR Layout and its social infrastructure, it has the potential to emerge as a good future investment destination. It has easy connectivity to major business hubs, while two major tech parks are also present here. However, poor roads in many areas are a major problem for residents of this locality.

 

Check properties in HBR Layout