Hulimavu is a suburb located in the southern part of Bangalore. Improved infrastructure, affordable property rates, upcoming infrastructure upgrades and its proximity to IT hubs are primary reasons for its popularity among homebuyers and investors.
Location and Neighbourhood:
Strategically located in the vicinity to one of the major IT hubs in Bangalore, i.e. Electronic City, Hulimavu is a fast developing locality. It has emerged as one of the most prominent real estate areas on the back of improved infrastructure, proximity to commercial hubs and competitively-priced projects. Hulimavu is surrounded with other developed locales such as Bommanahalli, Begur, JP Nagar 7th Phase, and Gottigere. At present, there are several affordable, mid-range, luxury and ultra-luxury projects dotting the entire area. Also, Hulimavu is famous for its lake, i.e. Hulimavu Lake and Kodandarama Swamy Temple, Sri Ramalingeshwara Cave Temple, Royal Meenakshi Mall.
Infrastructure [social, physical & civic]:
Hulimavu enjoys easy access through a network of roadways and railways. NICE Ring Road, Outer Ring Road, Hosur Road, and Bannerghatta Road are some of the major roads passing in proximity to this locality offering intra-city connectivity. Also, robust bus and railway network through Hulimavu bus stand, Majestic Bus Terminus and Bangalore City Junction respectively, further strengthens the transport network. Green Line metro is also located close to this area, and Yelachenahalli is the nearest metro station. There are a plethora of esteemed hospitals, schools, banks, malls and rehabilitation centres. Some of them are Royal Meenakshi Mall, Nano Hospital, Andhra Bank, IIM Bangalore, Big Bazaar etc. In the near future, connectivity will improve with the upcoming infrastructure projects such as Peripheral Ring Road and Namma metro routes.
Capital Price Points:
Competitive capital values, upcoming infra upgrades such as Namma metro routes [Yelachenahalli-Anjanapura Township, Gottigere-Nagawara and R V Road-Bommasandra], Peripheral Ring Road and upcoming IT parks and proximity to tech hubs are the major growth stimulators for Hulimavu. Average ask rate here vary between Rs 4,500 per sq ft and Rs 5,500 per sq ft.
With the availability of ample affordable rental properties, Hulimavu has allured a large share of rental home seekers. The rental rate for a 1BHK is around Rs 9,600-12,200, a 2BHK is between Rs 13,900-16,700 and a 3BHK is available in Rs 20,200-24,300.
Malls such as Vega City Mall, Royal Meenakshi Mall, Gopalan Innovation Mall, Metro Mall, The Forum Mall are located in and around Hulimavu. The area has clubs and sports activities which serves as recreation centres.
Considering the increasing popularity amongst homebuyers and investors, Hulimavu holds a healthy investment potential. Upgrades such as Namma metro routes [Yelachenahalli-Anjanapura Township, Gottigere-Nagawara and R V Road-Bommasandra], Peripheral Ring Road and upcoming IT parks are likely to boost the capital values in the near future.