The city of Nizams, Hyderabad, has a lot to offer to homebuyers. With the presence of over 300 IT/ITeS and financial companies, people from across India migrate to Hyderabad every year. According to Deepak YSR, Consultant, YSR Realty, Hyderabad, the increased population influx has pushed the demand for residential locations such as Tellapur, Manikonda, Kondapur, Bopanhalli and Nallagandla. If you are looking to buy a home in the city, here is a list of the most popular housing destinations based on the data with 99acres.com.
Kokapet: One of the most preferred developing residential zones, Kokapet is situated alongside the Nehru Outer Ring Road (ORR), and is closely connected to the Financial District – Nanakramguda, and the IT hub of Gachibowli. It is also near the famous commercial zone, Dilsukh Nagar, which has caught the attention of working professionals willing to invest in a residential market.
Connectivity-wise, Kokapet offers hassle-free access to districts like Mehboob Nagar, Rangareddy, Nalgonda and Kurnool along with other suburbs such as Nanakramguda and Narsingi through Nehru ORR Road. The arterials roads in proximity are 90 ft to 100 ft wide in Kokapet. The area also boasts of robust infrastructure and excellent road transportation as RTC and APRTC buses, and private cabs are easily available here. "The connectivity in the area has improved further post the commencement of the Ameerpet-HITEC City metro corridor. At present, the average capital values in Kokapet hover around Rs 5,000-5,800 per sq ft,” adds, Deepak YS, Consultant, YSR Realty.
Besides, proximity to numerous educational institutions and hospitals also adds to the attractiveness quotient of the area.
Nallagandla: Nestled in the western suburbs of Hyderabad, Nallagandla is another locale that has magnetised homebuyers attention in the last few years. The area has been flourishing owing to its strategic location near Gachibowli alongside the National Highway-48. Besides, the increased absorption of commercial spaces has also ushered the residential demand in the area. Presently, it is one of the most swiftly advancing IT hubs in Hyderabad, with several multinational companies such as Wipro, Infosys and Microsoft occupying large floor spaces here.
The locale is popular among IT professionals as it offers access to global corporate giants and provides sound infrastructure. Hyderabad University, a reputed education institution, is also situated here.
In terms of connectivity, individuals can reach HITEC City, Madhapur and Kondapur via the Nehru ORR Road. Nallagandla lies between the Nehru ORR and the Old Mumbai Road, thus making commutation hassle-free to other critical areas of the city. Apart from this, Lingampally railway station is also easily accessible via BHEL Township.
"The construction of Tellapur flyover to provide fast connectivity to Nallagandla would also bring respite to residents travelling to commercial hubs in Chandanagar and Lingampally. The property prices in Nallagandla vary between Rs 5,000 per sq ft and Rs 9,000 per sq ft,” says, Deepak YS.
Localities | Average Capital Price (Per sq ft) | QoQ price movement | YoY Price Movement | Prominent developers |
Tellapur | Rs 5,500-9,000 | 4% | 7% | Aakriti Construction, Rajpushpa Properties, CMG Builders |
Kokapet | Rs 5,500-10,000 | 4% | 19% | Anuhar, Rajapushpa Properties, NCC Urban Infrastructure |
Gopanpally | Rs 4600-5100 | - | - | - |
Nallagandla | Rs 5,000-9,000 | 3% | 7% | Bricks Infratech, Ramky Estates, Aparna Construction |
Kondapur | Rs 5,500-8,000 | 2% | 9% | ARK Group, Aparna Construction, Sai Shakti Infrastructure |
Manikonda | Rs 5,500-10,000 | 1% | 9% | Aliens Builders, Manjeera Group Builders, SS Group |
*Source 99acres
Tellapur: Once a sleepy village in western Hyderabad, Tellapur has now emerged as the fastest-growing micro-market that has observed a massive residential supply in the past couple of years. However, since it is away from the Central Business District (CBD), property prices in Tellapur are lower as compared to other parts of Hyderabad. Since this region is located near the Mumbai Highway, it has superb connectivity to other areas of the city, including Vidyut Nagar, Serilingampally Gopanpalli, Osman Nagar, BHEL Township and Lingampally. The construction of radial roads would also augment the area’s connectivity with the Nehru ORR and Rajiv Gandhi International Airport at Shamshabad. Besides, proximity to major IT hubs such as Gachibowli and Madhapur, and presence of Hyderabad Central University and the BHEL Township are other advantageous factors that have propelled the capital as well as rental demand in Tellapur.
The Multi-Modal Transport System (MMTS) also provides smooth access to Secunderabad, Nampally, Dabirpura, Malkapet, HITEC City and Lingampally. There is also a proposal to develop 100 acres first integrated township that is jointly managed by Tellapur Techno-City Project Limited (TTPL) and Hyderabad Metropolitan Development Authority (HMDA). Currently, the average property prices in Tellapur range from Rs 5,000 per sq ft to Rs 5,800 per sq ft.
Gopanpally: Considered as one of the most affordable residential zones, Gopanpally offers world-class infrastructure, comfortable amenities and a peaceful residential setting.
The area enjoys smooth connectivity to areas like Tellapur, Nallagandla, Nanakramguda, Osman Nagar, Gachibowli, and Lingampally via BT Road. Besides, HITEC City, Cyber Towers, Wipro, Gachibowli DLF Building and Financial District are located in a radius of 10 km from Gopanpally. Lingampally MMTS is approximately five km away from Gopanpally area. The area has cost-effective housing projects, and the average property prices here vary between Rs 4,400 per sq ft and Rs 5,100 per sq ft approximately.
Kondapur: Yet another business hub, Kondapur has grown as the most sought-after residential area in Hyderabad. It is very well-connected to HITEC City, that encompasses some of the top IT and financial giants like Amazon, Google, Deloitte and TCS. Nehru ORR Road is merely three km away from this locale, providing a gateway to other parts of Hyderabad. Kondapur’s connectivity to other areas such as Secunderabad, Madhapur, Koti, Kothaguda and other major commercial hubs is a crucial factor that makes it preferable amongst homebuyers. Resultantly, the demand for independent houses and modern housing projects has increased here. The current property rates in Kondapur hover between Rs 5,500 per sq ft and Rs 8,000 per sq ft, adds, Deepak YS. Since the metro network is going on in full swing, apart from facing the nationwide lockdown-related delays, it is speculated that it may positively impact the realty prices in future.
Apart from these, Manikonda is also one of the preferred locales in the city. The locality is a developed suburb in Hyderabad and has been popular amongst homebuyers due to its closeness to Lanco SEZ and availability of strong social and physical infrastructure.
All these areas mentioned above are riding high on homebuyer’s demand. However, one must be cautious before making a high-ticket investment and thus, conduct thorough due diligence and seek expert advice to avoid regretting later.
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Source : https://www.99acres.com/articles/top-5-locations-to-buy-a-home-in-hyderabad.html
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