Real Estate Overview of Hebbal, Mysore

Property Prices: In Hebbal, Mysore, the real estate landscape is diverse with price ranges that vary. Residential property prices start as low as Rs. 2,250 per square foot while the average price hovers around Rs. 10,909 per square foot.

• For individual houses and apartment units, prices average at Rs. 10,909 per square foot.
• The Hebbal Industrial Estate has slightly lower prices, with an average of Rs. 8,838 per square foot.

Land and Plots: Plots and land in Hebbal are priced differently based on several factors. From Rs. 2,900 to Rs. 4,650 per square foot:

• A plot measuring 1200 square feet may range from Rs. 51 Lac to Rs. 80 Lac.
• MUDA-approved plots range from Rs. 27 Lac to Rs. 165 Lac.

Rental Market: Several rental options are available within Hebbal:

• 1 BHK units are available for rent from Rs. 5,000 to Rs. 6,500 monthly.
• 2 BHK units rent from Rs. 8,500 to ₹12,000 per month.
• 3 BHK units are priced around ₹18,000 to ₹20,000 per month.

Location and Amenities: Hebbal stands out in Mysore for its close ties to key industrial hubs like Infosys, WIPRO, L&T, and BEML. It's packed with amenities like schools, banks, hospitals, and plenty of grocery stores. Properties are typically along main roadways, improving accessibility and value.

Investment Trends: Taking an investment point of view, Hebbal shows exciting trends:

• Year-over-year, property prices in Hebbal have risen, despite a 16.92% drop last year, this shows potential growth.
• Particularly, the Hebbal Industrial Estate's property rates have climbed by 23.3% over the last year, signaling a robust market.

PropertyWala's Verdict

Hebbal, Mysore, boasts a vibrant real estate market with affordable and luxurious choices for both purchase and rental. With its strategic location near major industries and strong infrastructure, it's appealing for both investors and end-users. Although market fluctuations exist, the general trend indicates Hebbal as a profitable and attractive destination for real estate investments. Prospective buyers and renters ought to carefully consider current price trends and location benefits for making well-informed decisions.