The real estate market in Hyderabad is catching up pace
providing tough competition to other metros in the South. Many corporates and
real estate investors are interested in investing in Hyderabad quite some time
now. The main reason behind the revival of real estate in Hyderabad is that
both commercial and residential real estate is economical in Hyderabad, which
lures investors and buyers. The residential capital value here is lesser than
that of other metros. With several already existing IT corridors along with
several other IT giants to set up their campus in and around Hyderabad, the
real estate here is gaining momentum. Many suburban area of Hyderabad are now
flourishing in both residential and commercial real estate such as Kondapur,
Miyapur, Gachibowli, Kukatpally and Manikonda.
Real
estate in Kondapur
If you are looking for affordable properties with a
good appreciation and return of interest, then Kondapur in Hyderabad will be a
wise choice. It is emerging as a popular residential hub in Hyderabad. Located
closely to the busy business districts of Hitech City and Gachibowli, Kondapur
micro market is turning into the most preferred investment destination.
Kondapur is located in between three major roads Old
Mumbai Road, Gachibowli-Miyapur Road and Hitech City Road making it easily
accessible from various parts of Hyderabad. It is also bridged to the Mumbai
Highway via Gachibowli-Miyapur Road. The nearest railway station is the Hitech
City railway station, which is about 7 km away from Kondapur. Its
infrastructural development is also satisfactory with various reputed schools,
international schools, colleges, hospitals, banks, shopping centres, and
entertainment with various parks and botanical garden.
The residential capital value of Kondapur ranges
between Rs.2500 to Rs.3800. Kondapur also yields high rental values when
compared to its neighbouring localities.
Real
estate in Miyapur
Miyapur is a part of the municipal corporation of
Greater Hyderabad. For people who search for modern lifestyle outside the city
limits or in suburbs, Miyapur is an ideal location. It is a scarcely populated
area with moderate amenities. But its close proximity to the IT corridor in
Hitec City makes it an ideal investment destination for professional population
working in the nearby IT companies. From plotted developments to large
attractive apartments, Miyapur provides all sorts of investment options to buyers.
Talking about the social infrastructure, Miyapur has a good number of schools,
hospital, banks, shopping centres and restaurants. So ideally people who work
in nearby IT and public sector industries prefer to buy plots or apartments for
sale in Miyapur.
It is also well connected to other regions in Hyderabad
by public transports and also has the Hafeezpet railway station at just 3
kilometres away. Moreover people in this region does not face any water
scarcity or electricity issues.
Affordable prices of apartments in Miyapur have also
made it a wise choice among the population. You can buy a 2 or 3 BHK apartment
for Rs 30 to 45 lakhs with capital values ranging from Rs. 2600 to 3800, which
is very reasonable when compared to other suburbs of Hyderabad.
