Avg. Rate
₹ 7,461.25/sq. ft
Locality Rating
4/10
IOB Colony is a residential locality situated in Hegganahalli, under the Bengaluru North Zone of Karnataka. Developed primarily to accommodate banking employees of the Indian Overseas Bank (IOB), the colony has evolved into a well-established neighborhood with a mix of independent homes and small-scale housing units. It lies within the PIN code 560058 and is surrounded by several industrial and residential pockets such as Doddanna Industrial Estate, Lalitha Prasanna Layout, and Rajiv Gandhi Nagar. Though not a major real estate hub, IOB Colony offers affordable living options close to key employment zones. The area is well-connected via major roads like the Old Airport Road and Kamanahalli Road, providing access to central and eastern parts of Bengaluru. Proximity to industrial estates and upcoming infrastructure projects has increased its appeal among middle-income homebuyers and renters. While no large-scale residential projects are currently under development, the existing housing stock remains in demand due to its cost-effectiveness and location advantages. IOB Colony benefits from its integration with nearby neighborhoods that offer schools, markets, and healthcare facilities. The locality maintains a peaceful residential character despite being near industrial zones. With steady growth in surrounding areas, IOB Colony is gradually witnessing improvements in civic amenities and transport connectivity, making it a viable option for those seeking budget-friendly homes in North Bengaluru.
Region
Hegganahalli
City
Bengaluru
District
Bengaluru
State
Karnataka
Pincode
560058
Population
The population of IOB Colony is estimated to be between 8,000 and 10,000 residents, based on typical density patterns of similar colonies in North Bengaluru (approximate, 2023 estimate).
Nearest Airport
Kempegowda International Airport (BLR)
Well-connected to major employment hubs via Old Airport Road and Kamanahalli Road
Offers budget-friendly independent homes in a mature residential setting
Close to essential amenities in Lalitha Prasanna Layout and Kamanahalli
Limited public transport and metro connectivity
Some parts face drainage and road maintenance issues
Timeline
Average Rate
₹ 7,461.25/sq. ft
Average Price Range
₹ 1,800 – ₹ 9,150
Trend (5Y)
▲ 80.2%
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