Overview of Hebbal Industrial Area in Mysore

Location and Connectivity

• Hebbal Industrial Area lies in the Hebbal locality in Mysore and is well-connected to other parts of the city.
• Key transit points include Infosys Bus Station, Belagula railway station, and the NH-275 highway, enhancing inter-city accessibility.

Property Types and Costs

• Residential Properties:
  • Land plots are the main property type, trailed by apartments, mostly in 2 BHK and 3 BHK setups.
  • Starting property prices in the Hebbal Industrial Estate are Rs. 2,250 per sqft, with an average price of Rs. 8,619 per sqft.
  • Hebbal 2nd Stage sees properties cost from Rs. 6,800 per sqft to Rs.10,066 per sqft on average.
• Commercial Buildings:
  • Industrial land is for sale, including plots like a 13,500 sqft plot for Rs. 10 Cr.
  • There are offices and warehouses for rent, pricing ranges from ₹12,000 to ₹75,000 per month, depending on type and size.

Infrastructure and Facilities

• Medical Services:
  • Many nearby medical centers like Bharath Hospital, Institute Of Oncology, Aashritha Neuro-psychiatric care, and Jayadeva Hospital.
• Education:
  • Schools within a 3 km radius include Podar International, Sri Shivananda, Sri Bhyraveswara, and Kamadhenu Convent School.
• Employment Areas:
  • Key IT parks like STPI and Infosys Campus are close, while Nesara Tech Park sits roughly 3 km away.
• Entertainment:
  • Recreational hubs and malls such as DRC, BM Habitat, Mysore Central, Nexus Centre City, and Garuda Mall Mysuru lie about 11 km away.

Market Trends

• Residential Market:
  • In Hebbal Industrial Estate, price hikes of 13.43% have occurred annually, reflecting growth.
  • In contrast, Hebbal 2nd Stage shows a 31.1% dip in property prices year-to-date, marking a more affordable market now.
• Rental Market:
  • Monthly rent for flats in Hebbal runs from ₹15,000 to ₹18,800, featuring affordable to premium choices.

Challenges and Considerations

• Issues like roadwork and mismanagement in some Hebbal parts could affect living quality.

PropertyWala's Final Thoughts

In terms of residential versus commercial offerings, Hebbal Industrial Area in Mysore stands out as a noteworthy location for both investors and households. Factors like excellent connectivity, job centers nearby, and a variety of services are big draws. Still, those buying or renting should look at current market trends and distinct conditions in Hebbal's different stages.

For residential buyers, Hebbal Industrial Estate shows rising property values, promoting it as a place where values grow. On the other hand, Hebbal 2nd Stage may have better bargains due to lower prices recently. Commercial buyers should consider the industrial land and rental spaces in offices and warehouses.

In the end, knowing the place's details and market trends is vital for wise decisions on property purchases or rentals in Hebbal Industrial Area, Mysore.