Hyderabad Real Estate, a market which has long been gripped under political turmoil, is today backed by its affordable property prices. Despite having piled up unsold housing units in various parts, the presence of software industry and therefore, the ever-growing migratory population is keeping its market robust. Experts anticipate a healthy growth in several micro-markets of the city, especially those in proximity to the IT hubs and the upcoming Metro.
The top three locations, to invest in Hyderabad, depending on availability of housing options are Gachibowli, Kondapur and Adibatla.
Gachibowli
Apart from being close to the International Airport at Shamshabad, Gachibowli is also one of the most established IT hubs of West Hyderabad. With increasing population preferring to reside either in Gachibowli or in an area easily approachable, the locality has a healthy scope of price appreciation. The upcoming metro connectivity is further expected to boost the locality’s realty market.
Om Ahuja, CEO – Residential Services, JLL India says, “With maximum office supply absorption in the Hitech City-Gachibowli zone, it has the highest potential for capital appreciation and growth in a 5-7 years investment horizon.”
Currently, the property prices in Gachibowli range between Rs 3500-4600 per sq ft. Accordingly, a 2BHK apartment of size upto 1000 sq ft could be purchased within Rs 40-50 lakh.
Kondapur
Located at a distance of 5km from Gachibowli, Kondapur is also one of the most potential investment destinations in Hyderabad. The locality has the second highest number of properties on sale, after Gachibowli. In the last one year alone, Kondapur has recorded a price hike of 11 per cent owing to healthy demand from the workforces of IT companies situated in West Hyderabad. While it wouldn’t have a metro station of its own, it would still enjoy the improved connectivity due to its proximity to metro at Hitec City. As per the prevailing property prices, a 1000 sq ft 2BHK apartments could be purchased within Rs 40-45 lakh.
Adibatla
Located in South, Adibatla is a growing micro market. Its scope of residential growth is backed by the development of aerospace and precision engineering special economic zone (SEZ). With TATA group acquiring large land parcels and promising fast development, the location is expected to yield healthy returns in the long term. Its connectivity by the Outer Ring Road (ORR) and affordable property rates are its major catalysts of growth. Currently, the locality majorly offers plotted developments at the rate of Rs 800-1100 per sq ft.
Apart from the top three, a few other locations which fair well in terms of residential property supply, include Miyapur, Hitec City and Beeramguda, among others.
Source; http://www.99acres.com/articles/hotspots-buy-home-hyderabad.html
