Place and Connectivity

Yalakki Shettar Colony is situated in the Hubballi-Dharwad region of Karnataka, merged under the Hubballi-Dharwad Municipal Corporation. The colony is fairly well-connected, close to key amenities, and good transportation.

• Nearby, it's about 900 meters from the Hubballi-Dharwad main road. You can catch buses from the Central Bus Terminal (CBT) in Dharwad.

Real Estate Prices and Trends

Significant changes are happening in Yalakki Shettar Colony and surrounding areas, especially due to the Smart City projects in Hubballi-Dharwad.

• House Plots and Apartments:
  • House plots in Yalakki Shettar Colony sell for around ₹40 lakhs for a 1550 sq.ft plot, which is roughly ₹2581 per sq.ft.
  • Apartments here range from ₹25 lakhs to ₹32 lakhs, depending on size and features, with per sq.ft prices between ₹2,133 to ₹2,558.

Infrastructure and Amenities

Thanks to Smart City initiatives in Hubballi-Dharwad, the locality enjoys many infrastructure improvements.

• Green Mobility Corridor:
  • A green mobility corridor above the Unkal nullah has improved the area. It stops flooding and offers a non-motorised transport network, including bike rental stations.
• Tolankere Lake Redevelopment:
  • Revitalized Tolankere Lake now features walkways, bike paths, parks, playgrounds for kids, and decorative lighting. These additions make the area more appealing to residents.

Property Appreciation

Smart City projects have greatly boosted property prices in this area.

• Price Increase:
  • Property rates near the green mobility corridor and Tolankere Lake have almost doubled in two to three years, from around ₹2,000-₹2,200 per sq.ft to ₹3,800-₹4,200 per sq.ft.
• Investment Potential:
  • There is more commercial and residential activity, with larger shops and commercial buildings being constructed. This points to strong future growth.

Quality of Life

The infrastructure upgrades have brought better living conditions for residents in Yalakki Shettar Colony and nearby regions.

• Lower Flooding:
  • The green mobility corridor has stopped flooding in typical flood zones, thus making the place more livable.
• Aesthetic and Recreational Areas:
  • The renovated Tolankere Lake and other green spaces now offer spots for leisure and beauty, enhancing the overall living environment.

PropertyWala's Conclusion

For someone wanting to buy or rent in Yalakki Shettar Colony, this area presents a great mix of connectivity, enhanced infrastructure, and rising property prices. Smart City projects have made the place attractive for both living and business. With continuing developments and potential for more appreciation, Yalakki Shettar Colony stands out for those seeking good living and stable real estate investment.