Among the fastest growing cities in India, Hyderabad has emerged as a strong industrial, commercial as well as the technological center. The reason why this city has become one of the attractive locations for real estate investment in terms of both commercial as well as residential are the land availabilities and superior infrastructure.
The prices for the villas as well as the city centric apartments are competing with each other due to availability of land at a very competitive prices. Due to the improved connectivity levels as well as social infrastructure have generated an urge among the people to shift in the suburbs in search for the villa projects.
The land price for the properties in Hyderabad has been seen to be competitive in the areas 25 km beyond Gachibowli, with the price ranging from Rs 80 lakh to Rs 1 crore per acre, while the price for the villa unit located closer to the city ranges from Rs 1.75 to Rs 2.5 crore. If you are looking for investing in the real estate Hyderabad, then Tellapur in Western Hyderabad is one of the preferred location as it s located between NH9 (Bombay Highway) and Outer Ring Road having 2 and 3 BHK apartments being offered at the price range of Rs 28-40 lakh and Rs 30-60 lakh respectively. There are almost 10-15 developers who are offering multi-storey apartments in this area.
According to the Raj Kumar, the marketing manager of Sankalp Builders, the main advantage of residing in the Tellapur region is that it is close to the IT corridor as well as this region is less polluted and noise free as well as has excellent ground water level and interior roads. Approximately 60-80% of return on Investment on the property in Hyderabad are being expected from under construction property, while nearly 16-18% from ready to move projects.
According to the Manjunath Mani, the sales head of Akriti Builders who states that the buyers’ profile for the residential properties in Hyderabad especially in the Tellapur location has been noted with IT professionals with 60-70%, 10-15% NRI, 15-20% business community as well as government employees.
In terms of IT development, capital values as well as infrastructure growth, West Hyderabad has become one of the fastest growing areas. While the other areas that have been seen to be benefitted due to this reasons are Madhapur, Kukatpally, Miyapur, Bachupally etc. Rakesh Sudam of Earthwide Properties, a local realtor believes that due to the IT advantage in the next five years, West Hyderabad will grow in terms of the property in Hyderabad. Recent reported data shows that in April to June quarter, Miyapur and Kukatpally have seen to have increase in the capital values of 3 and 6% for the multi-storey apartments. While according to Rakesh SHyderabad – One of the Thriving City in Terms of Endeavoring Real Estate Propertiesudam, another locality i.e. Madhapur have seen to shot up in the price of residential properties in Hyderabad by 20% in the past six months. In the past six months, the capital values of Madhapur has seen to have rise of 17% with 11% rise in April-June quarter as well as 6% rise in January to March quarter.
According to KP Sujatha of Ratna Properties & Constructions, due to the availability of the lands for the residential development, the area of Kompally has been seen to have an increase in the activity by the developers. The capital values of the apartments in the past one year has been seen to have an increase of 50-60%. This area is easily accessible through Outer Ring Road and is well connected by means of road and rail networks to almost all the locations in the city.
The number of the eminent developers who has emerged in providing both affordable as well as premium residential properties in Hyderabad in Kompally location are Samskruthi Foundations, R.V Nirmaan Private Limited, Aparna Constructions, South East Constructions, and Modi Developers etc, with the capital values of the apartments ranging from Rs 2.000 to 2,500 per sq ft.