subject: Burgeoning Demand For The Property In Hyderabad With Emergence In Commercial Development [print this page] Hyderabad, being the capital of the Indian state of Andhra Pradesh occupies 650 sq km on the bank of the Musi River on the Deccan Plateau in southern India. This city is the Indias fourth most populous city and the sixth most populous urban agglomeration. Among all other cities, Hyderabad has emerged to be a strong industrial, commercial as well as the technological centre and hence is considered to be the fastest growing cities in India. This city has become one of the attractive locations for real estate investment in terms of both commercial as well as residential sector due to the adequate and availabilities and superior infrastructure.
The market for the Hyderabad property is growing with its highest pace due to the availability of both affordable and luxurious categories. The price correction is prevailing in the market with at least 10% which is lower during peak times. Due to the availability of land at a very competitive prices, the prices for the villas as well as the city centric apartments are thereby competing with each other. The housing demand in the Hyderabad city is ranging from independent residential house, multistorey apartments, i and villas.
It has been noticed that the price for the land properties in Hyderabad is competitive in the areas 25 km beyond Gachibowli, with the price that ranges from Rs 80 lakh to Rs 1 crore per acre, while villa unit which is located closer to the city ranges from Rs 1.75 to Rs 2.5 crore. Tellapur in Western Hyderabad is one of the preferred location in terms of investing in the real estate Hyderabad. It is located between NH9 (Bombay Highway) and Outer Ring Road and comes with the wide choice of 2 and 3 BHK apartments with the price range of Rs 28-40 lakh and Rs 30-60 lakh respectively. Nearly 10-15 developers are offering multi-storey apartments in this area. Numerous developers like SMR Holding, Indu Projects Limited, Ramky Estates, Aparna Infra Housing Private Limited, Radha Reality, Babukhan Properties etc have successfully launched their property in Hyderabad. These include residential apartments, villas and row houses etc.
West Hyderabad has been seen to flourish in terms of IT development, infrastructure growth as well as capital values as well. Other areas that are seen to be highly benefitted are Kukatpally, Miyapur, Madhapur, Bachupally etc. According to the a local realtor, Rakesh Sudam of Earthwide Properties, who believes that West Hyderabad will grow in terms of the properties in Hyderabad in the next five years due to the IT advantage. Certain areas like Miyapur and Kukatpally has been seen to have certain increase in the capital values of 3 and 6% for the multi-storey apartments for April to June quarter. The price for the real estate Hyderabad especially in residential properties has been increased by 20% in the past six month, while the capital values, has seen to have rise of 17% with 11% rise in April-June quarter as well as 6% rise in January to March quarter.
List for the number of the renowned developer who has successfully emerged in providing both affordable as well as premium residential properties in Hyderabad in Kompally location are Aparna Constructions, South East Constructions, Samskruthi Foundations, R.V Nirmaan Private Limited, etc having capital values of the apartments that ranges from Rs 2.000 to 2,500 per sq ft. According to the Raj Kumar, the marketing manager of Sankalp Builders who stated that Tellapur region is situated close to the IT corridor and 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 real estate in Hyderabad are being expected from under construction property, while nearly 16-18% from ready to move projects.
