Of all the corridors where L&T Realty has deployed capital in Bengaluru, Hebbal is the one that draws the clearest line between the developer's scale and a single locality's momentum. Established in 2011, L&T Realty is the real estate arm of the $23 billion Larsen and Toubro, and its portfolio spans 6.50 million square metres — 70 million sq ft — across residential, commercial and retail developments in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad and Chennai. Within Bengaluru, Hebbal is not an exploratory bet; it is the developer's anchored, multi-phase residential address, with construction across several towers already delivered and further phases in the market.
L&T Realty's leadership has explicitly identified Bangalore as one of its priority land-acquisition markets, targeting parcels of 50–60 acres in the city. The Raintree Boulevard township in Hebbal reflects exactly that strategy: a large-format development on Bellary Road, built in phases, that gives L&T the same kind of township-scale presence in North Bangalore that it built in Navi Mumbai with Seawoods Grand Central. The preference across L&T Realty's pipeline is not affordable housing, but the premium and affluent housing segments — a posture that fits Hebbal's actual market well.
L&T Raintree Boulevard spans 65 acres and comprises 17-plus towers offering 3 and 4 BHK apartments. The development is located in Hebbal on Bellary Road, Bangalore, and has unfolded across multiple registered phases, each with its own RERA filing. One phase alone, spread over 11.94 acres, contains 1,020 premium units with apartment sizes ranging from 1,355 sq ft to 2,765 sq ft in 3 and 4 BHK configurations.
The latest residential offering within this township is Olivia at Raintree Boulevard — Phase 3. Olivia is the Phase 3 residential project at Raintree Boulevard, launched in Hebbal right off Bellary Road, offering 3 and 4 BHK apartments in L&T Realty's luxury living segment. Homes in Olivia start from Rs 2.33 crore. The project site address is Indra Nagar, Shabhari Nagar, Byatarayanapura, Bengaluru 560092. Olivia carries RERA registrations PRM/KA/RERA/1251/309/PR/211011/004360 and PRM/KA/RERA/1251/309/PR/211011/004361.
Olivia sits next to an agricultural university campus of 1,200 acres of greens; the 3 and 4 BHK apartments are designed with master bedrooms and video door phones, and amenities include a skating rink, café, outdoor fitness centre, yoga and dance room, and a temperature-controlled swimming pool. The project also sits near an upcoming L&T Tech Park and metro station.
The broader Raintree Boulevard township further includes a clubhouse, gymnasium, swimming pool, jogging tracks, outdoor sports courts, party halls and integrated retail spaces — a mix that earned the project the Mixed-Use Project of the Year at Realty Plus South India 2023 and the Integrated Township of the Year at the Realty Plus Excellence Awards South 2018.
L&T Realty's documented preference for developing near transport infrastructure hubs is directly served by Hebbal's geography. The Outer Ring Road, Bellary Road (NH-44), and Airport Road converge at this junction, making it a core node connecting the central business district with tech parks and Kempegowda International Airport. The Hebbal Flyover and the city railway station are nearby, while Kempegowda International Airport is approximately 25 minutes away.
The employment base that sustains rental and resale demand at Raintree Boulevard is anchored by two large office parks within easy reach. Manyata Embassy Business Park — Bangalore's largest office complex — houses global firms including IBM, Cognizant, and Accenture. Kirloskar Business Park and Karle Town Centre SEZ are further commercial hubs in the immediate corridor. For buyers employed at or near these parks, a commute to Manyata can take under 20 minutes outside peak hours.
On the social infrastructure side, Raintree Boulevard's proximity to top educational institutions in Hebbal makes it suitable for homeowners with children — nearby schools include Vidyashilp, Presidency, Mallya Aditi, Canadian International, Ryan International and Vibgyor. Healthcare is covered by Aster CMI Hospital, Manipal Hospital Hebbal, and Bangalore Baptist Hospital within the immediate area. The Phoenix Mall of Asia — one of Asia's largest luxury shopping destinations — is located nearby on Bellary Road.
The average weighted apartment price in Hebbal currently stands at approximately Rs 14,450 per sq ft, with overall prices having moved 10.7% in the past year; L&T Raintree Boulevard specifically recorded an 18% year-on-year price increase in the same period — among the highest in the locality.
Hebbal's pricing of around Rs 16,000 per sq ft is driven by its connectivity to Kempegowda International Airport, proximity to Manyata Tech Park, and upcoming aerospace projects increasing demand in the area. Hebbal recorded a 19.3% rise in property prices over the past year from the northern belt, driven by proximity to major job hubs and pipeline infrastructure projects.
Metro connectivity is the infrastructure variable most actively tracked by buyers here. While Cubbon Park metro station is currently the nearest metro point to Raintree Boulevard, a new metro station is proposed to come up directly opposite the property address in the coming years. Beyond that, a Sarjapur–Hebbal corridor of approximately 37 km is planned under Metro Phase 3A, which would make Hebbal a true cross-city interchange — north to the airport, east to Sarjapur, and west via the ORR corridor. Additionally, the Karnataka Cabinet has approved an 18-km twin-tube underground tunnel road connecting Hebbal to Silk Board at an estimated cost of Rs 12,690 crore, designed to eliminate surface congestion on the north-south axis.
Hebbal commands 90%-plus occupancy rates in the rental market, driven by the Manyata Tech Park and Embassy Business Hub workforces; the primary renter base consists of corporate tenants, senior managers and expatriates — which means lower vacancy risk and more reliable rent payments for investors.
Hebbal is not L&T Realty's only footprint in Bengaluru. The developer has also launched L&T Elara Celestia — a 10-acre luxury project on Airport Road in Hebbal-Yelahanka — offering 3, 4 BHK and 5 BHK duplex apartments, with views over GKVK's agricultural campus and proximity to Phoenix Mall of Asia. That project is positioned with the Jakkur Cross Metro Station directly across from it. This pattern — large land parcels, Bellary Road or Airport Road frontage, proximity to announced metro stations — is consistent across L&T Realty's Hebbal-area choices.
Within Larsen and Toubro's broader group strategy, L&T Realty's consolidation under L&T Realty Properties aims to capitalise on India's real estate growth and double revenue by the end of the decade. The brand has also been conferred the Best Realty Brand 2024 by the Times Group, reinforcing the institutional standing that buyers at Raintree Boulevard and Olivia routinely cite when explaining their purchase decision — the structural trust that comes with a developer whose parent company has spent over eight decades building large-scale infrastructure across India and internationally.
| Project | Phase / Offering | Configuration | Starting Price | Location |
|---|---|---|---|---|
| L&T Olivia at Raintree Boulevard | Phase 3 | 3 & 4 BHK | Rs 2.33 Cr onwards | Bellary Road, Byatarayanapura, Hebbal |