Named after the famous Indian politician and former Chief Minister of Karnataka, Ramakrishna Hegde, R. K. Hegde Nagar is a suburb situated in the northern part of Bengaluru. It lies amidst abundant greenery and natural water bodies like Jakkur Lake, Allansandra Lake, Hebbal Lake, and Kalkere Lake.
The locality is neatly divided into mains and crosses, making commuting within the area convenient. It is surrounded by areas like Sahakara Nagar, Tirumanahalli, Yelahanka, and Thanisandra. Thanisandra Road, which passes through R. K. Hegde Nagar converges with the Outer Ring Road, connecting it to areas like HBR Layout, Hebbal, Nagawara, and Hennur.
In spite of being almost on the outskirts of the city, R. K. Hegde Nagar is well developed in terms of residential, commercial, and social infrastructure. Educational institutions like Rashtrothana Vidya Kendra, Jamia Muhammadia Madrasa, Aakar Academy of Architecture, and health institutions like Patanjali Chikitsalaya, Vinayaka Health Care Polyclinic, and Sri Sai Nursing Home are established in this area. Many commercial establishments, ranging from bakeries to computer stores, are set up here.
Along with a myriad of social infrastructural and commercial developments, residential projects like Corona Jain Heights, Gladiola Gardenia, and an array of individual bungalows and houses find a home in the calm residential colonies of R. K. Hegde Nagar.
Connectivity and Transit Points
R. K. Hegde Nagar has several active road lines around it. Roads like Thanisandra Main Road, Chokkanahalli Road, Railway Parallel Road, and Narayanapura Cross Road connects R. K. Hegde Nagar to many other important parts of Bengaluru.
Thanisandra Main Road is a storehouse of bus stops. There are five bus stands along the stretch, including Thanisandra Main Road Bus Stop, Hegde Nagar Bus Stop, Shabari Nagar Cross Bus Stop, K. Narayanapura Cross Bus Stop, and Railway Men Layout Bus Stop. Buses from these stops connect R. K. Hegde Nagar to areas like Fraser Town, Nagavara, Govindapura, K. R. Circle, Cantonment Railway Station, and Majestic. One cannot find an auto stand in R. K. Hegde Nagar, but autos ply through the roads all day long, making short distance travel convenient.
R. K. Hegde Nagar is also close to Bengaluru International Airport, which is situated only at a distance of 25 km, and can be comfortably reached via Bangalore-Hyderabad Highway (NH-7).
Major Landmarks
â? Saamar International School
â? Falcon Institute of Management
â? Krishna Northwoods
â? Sampigehalli Lake
â? Sampigehalli Police Station
â? Dr. Shivaram Karanth Post Office
Factors for Growth in the Past
The abundance of vacant land surrounded by innumerable lakes and greenery, attracted many early residents to settle in R. K. Hegde Nagar, in turn inviting many commercial establishments to set up base here. The establishment of various educational institutions, hospitals, and banks improved the social infrastructure of the area and increased its real estate value.
With the industrial development of areas like Yelahanka, and with the advent of Bhartiya City, R. K. Hegde Nagar saw a traffic of residential projects, with builders like Dhammanagi Developers, Provident Housing, and Jain Heights investing in gated communities and high-rise apartments in the area.
The development of roads and public transportation in and around the area improved connectivity, making it accessible from all the important parts of Bengaluru. With improved accessibility, R. K. Hegde Nagar witnessed a spurt in the real estate market.
Residential & Commercial Market
Residential Market Trends
R. K. Hegde Nagar has an assortment of residential properties. Apartments can be found in variants of 2/3/4 BHK units. The average property prices are within the range of Rs 3,600 to Rs 5,500 per sq. ft.
Besides apartments in multi-storey buildings and gated communities, individual houses and well-built bungalows are also up for sale in R. K. Hegde Nagar. As the market trend of Q2 2014 suggests, prices of individual houses are steadily increasing in the area. The average price for these is approximately Rs 6,700 per sq. ft. The area also has plenty residential plots available for sale, and at an average cost Rs 6,400 per sq. ft.
For those looking to rent a place in the area, plenty of options are available. The rent in Hegde Nagar is reasonable, and on an average comes up to Rs 11 per sq. ft., that is Rs 11,000 per month. However, the rent prices may vary depending on a host of factors.
Commercial Market Trends
With an increase in demand for residential projects, the demand for commercial properties in the area is increasing rapidly. Commercial property rates in R. K. Hegde Nagar fall on the expensive side. The average price of mid to large sized commercial plots is Rs 3,000 per sq. ft., totalling to approximately Rs 5 crores.
Major Challenges
Civic issues like garbage piling and bad roads plague the streets of R. K. Hegde Nagar, especially the Hegde Nagar Market area. With Hegde Market area becoming a dumping ground for garbage, rain water clogs in the area, making it a breeding ground for mosquitoes.
Residents have also complained of lack of basic civic amenities, especially in the Balaji Krupa Layout. The construction of illegal roads along the crossroads in the area has caused havoc for the commuters. Issues like rain water clogging due to non-asphalted roads also torment the areas residents.
Factors for Growth in the Future
With residential projects like GS Garuda Palace, Dhammanagi Lilium Gardenia, Gladiola Gardenia, Corona Jain Heights, Prischa Orchids, and Goyal Footprints coming up in the area, R. K. Hegde Nagar will see a rise in the number of inhabitants in the area, which might attract commercial establishments like shopping malls here.
The proposed metro train route to link Nagawara with Bengaluru International Airport, would enhance connectivity and give an opportunity to the residents of R. K. Hegde Nagar to avoid heavy traffic. Since improved connectivity around an area usually translates to an increase in realty demands, this metro line is likely to influence the real estate market in R. K. Hegde Road positively.