Hyderabad Seen To Be The Flourishing In Terms Of The Real Estate Development

Due to the rapid growth in terms of the industrial

, commercial as well as technological sector, the city Hyderabad has become one of the fastest growing cities in India. Due to the superior infrastructures and sufficient land availabilities, this city has become one of the attractive locations for the real estate investment in terms of both commercial as well as residential sectors.

Due to the competitive price of the land availability, the price for the villas as well as the city centric apartments are competing with each other. The improvement in the connectivity level as well as the social infrastructure have generated a strong urge among the people to shift in the suburbs in search for the villa projects.

The marketing manager of the Sankalp Builders, Raj Kumar states that the Tellapur region is enjoying a good appreciation in terms of the real estate development. The main advantage of residing in this region is that it is located very close to the IT corridor and hence is less polluted and noise free as well as have excellent ground water level and interior roads. Apart from that approx 60-80% of ROI on property in Hyderabad are under construction property while approx 16-18% are ready to move projects.

According to the sales head of the Akriti Builders, manjunath Mani who stated that among the list of the buyers profile for the residential properties in Hyderabad especially in the Tellapur location includes 60-70% of IT professionals, 0-15% NRI, 15-20% business community and government employees.

The price of the land under properties in Hyderabad are competing in the areas of 25 km beyond Gachibowli with the price range of 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 truly wish to invest in real estate Hyderabad, then Tellapur in Western Hyderabad is one of the best choice as it s located between NH9 (Bombay Highway) and Outer Ring Road and is offering 2 and 3 BHK apartments t the price range of Rs 28-40 lakh and Rs 30-60 lakh respectively. Apart from that certain report says that there are almost 10-15 developers who are offering multi-storey apartments in this area.

The west Hyderabad has become one of the fastest growing area in terms of the IT development and infrastructure growth. Other areas that have seen a good appreciation are Miyapur, Bachupally, Madhapur, Kukatpally, etc. According to Rakesh Sudam of Earthwide Properties, a local realtor who states that due to the growth as IT hub, the West Hyderabad has been flourished in terms of the property in Hyderabad. For the multi-storey apartments. Miyapur and Kukatpally have seen to have increase in the capital values of 3 and 6%. in the past six months, the region of Madhapur has been seen to shot up in the price of residential properties in Hyderabad by 20%. In April-June quarter the capital values of Madhapur has seen to have rise of 17% with 11% rise, while n January to March quarter there has been 6% rise.

Some of the renowned developers who have been seen to be emerged in providing both affordable as well as premium residential properties in Hyderabad especially in Kompally location are R.V Nirmaan Private Limited, South East Constructions, Samskruthi Foundations, Modi Developers and Aparna Constructions with the capital values of the apartments that ranges from Rs 2.000 to 2,500 per sq ft.

by: Randhir Pandey

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