Hyderabad is not only a preferred destination for IT industries; it is turning into a dream destination for the relator investment in both commercial and Residential spaces. The city is spreading its wings in terms of land, and there are a lot many emerging and well-connected localities with the great real estate boom in the near future.
The diverse city has a cosmopolitan population settled from different states across the country. As many people are looking to invest in commercial and residential properties in the city, choosing the right Locality has become complex. There are many factors that affect your investment in the city like locality charm, rate and infrastructure. The article tries to throw limelight light on different emerging localities and burgeoning residential and commercial real estate. Your investment in residential and commercial property should be picked up after cramming real estate price trends in the locality.
Kompally
Kompally is an emerging locality in Hyderabad for both residential and commercial property purchases. As the IT corridor of the city is reaching its saturation, kompally, a destination adjacent to NH44 has become a centre for both commercial and residential investments with many options at the investor door.
The location has close proximity to the proposed Information technology investment region, and the residential properties in the area are expected to rise, taking a maximum share in the real estate investments in the coming years. There is a proposal for turning locality into turn into Pharma hub is on wheels, rising great scope for potential investments in the commercial properties as well. Alongside kompally has superior connectivity to different locations of the city, and it has more to offer to the residents of the city.
Close proximity to ORR
Kompally is in short distance to ORR, which makes the locality a lucrative option to many buyers and real estate investors as well. The locality is a more appealing and affordable rental option for the employees working at various companies in Gchibowli and hi-tech city. Even the businessman with the start-up companies prefers the locality to rent or buy a residential property at kompally. The rental prices for the 2BHK residential properties span between 8000/- to 15000/ per month. The ORR connects kompally to various parts of the city like Gachibowli, hi-tech city and Manikonda.
Demand for resale properties in kompally
In spite of implementing RERA regulations to protect the demand of the buyer, there is a long delay from the builders to hand over property possession to the buyers due to various reasons like pandemic effect. The delay caused in possession handover of the purchased property created a demand for resale properties in the area. With the plenty of opportunities created in both IT and pharma industries, there is a greater demand for resale offerings. Less GST on the resale properties, too, is a prominent reason for the demand for sale in the properties. There are enough new residential property launches in kompally, yet the demand for reselling the old properties has not surpassed because the absence of GST for resale properties is making them a wise choice over new ones when they have disposable income.
Commercial properties in kompally
As per the Department for Promotion of Industry and Internal Trade (DIPP), Hyderabad is one of the prominent cities in India for conducting business. The city is receiving overwhelming growth with respect to start-up businesses in the city. There are a number of IT companies and start-up businesses in close proximity to the kompally location because of the availability of ample open plots. The prices of the commercial space have both high and affordable price trends depending on the exterior and interior location of the plot. High price tends stands between 9000/- to 17000 per sqft. There is also an affordable price range in interior locations ranging from 1700/- to 3500/- per sqft. You can pick up any commercial slot as per your budget constraints after checking the business trends.
Tellapur
Tellapur is another emerging real estate destination with close proximity to the outer ring road (ORR). Tellapur is strategically located southwest of Hyderabad. It is a thriving residential destination for buyers and realtors as well. The destination is witnessing an up trend in residential property purchases in spite of price hikes. The locality has become a hotbed for investments for a couple of years. Tellpur is strategically located, connecting two popular localities of the city like ORR, the financial district. Tellapur is also an integral part of work in progress six-lane road construction, providing excellent connectivity to different parts of the city.
Hotspot for relators
Tellapur has excellent connectivity to the top locations of the city like kokapet, the financial district, Gachibowli, and Narsingi making it a hotspot for the relators to build many premium and luxury apartments. ORR is just a five-minute drive helping people to avoid traffic while commuting from the IT hub and financial district. Alongside, the location is surrounded by all needed amities like restaurants, hospitals, and educational institutions. Builders are looking at Tellapur as a promising locality for high returns in the future. It also has an excellent road infrastructure connected to flyovers and underpasses as well. Past few years, there have been many new launches in the locality, and it has a plethora of both gated and non-gated communities, including luxurious villas with great amenities catering to the needs of millennial homebuyers.
Price trends
With several new projects launched at the destination over the past few years, the market has created a demand for potential buyers. The locality is witnessing a steady appreciation in the real estate price trends, and it is a potential investment option for both buyers and investors. There has been a steady rise in the price of the properties since 2018. The price range for residential properties at Tellapur stands between 5400sqft to 14000sqft. The price trends in the market are moving uptrend, and this is the right moment for investors to purchase a property.
Narsingi
Narsingi is another potential hotspot for property investment in west Hyderabad. There is a well-developed social infrastructure, road connectivity and increasing commercial activities in space, making it one of the thriving destinations for potential investments and is being labeled as one of the prime residential localities of the city. Many top localities like kukatpally, panjagutta, and Ram Nagar have reached saturation in terms of residential properties and price trends here are very expensive here. Many potential buyers are moving towards micro markets, and Narsingi is one of the emerging markets for the residential zone.
The locality Narsingi is just within 5-7 kilometers of the financial district and is rapidly expanding with both new commercial and residential launches. The residential plethora range from non-gated communities to villas catering to various budgetary constraints of the prospective home buyers.
Commuting to work
Over a few years, west Hyderabad has turned out to be one of the emerging destinations for residential properties. The location has close proximity to the workplace like the financial district and Gachibowli reducing the need for long-distance commuting to the workplace every day. The emerging residential zone has developed social infrastructure with excellent road connectivity. Narsigi is developing as one of the emerging residential zones for prospective home buyers. Gachibowli and the financial district that have close proximity to Narsingi have ORR exit and are well connected with other prominent locations of the city, reducing the unwanted traffic while you travel. It has a well-developed social infrastructure like international educational institutions, pharma, grocery stores, entertainment centres and hotels in close vicinity.
Price trends in Narsingi
There are many residential projects being developed in Narsingi. These projects are being developed on a big scale giving many options to potential buyers. As per the investment budgets, the potential buyer at Narsingi can look for 2Bhk, 3BHK apartments or premium villas with luxurious amenities. Different residential projects are being developed catering to the budgetary constraints of potential customers investing in the locality. The key factors behind this pushing growth of the real estate market in Narsigi are its close proximity to commercial hubs, good connectivity to prominent locations of the city and a lot of land available to develop both commercial and residential projects.
The locality also has close proximity to employment hubs like hi-tech city, financial district and Gachibowli areas that are housing corporate companies on a big scale. This close proximity to employment hubs with a well-developed social infrastructure makes Narsingi one of the most sorted residential zone in west Hyderabad.
Kokapet
Kokapet has been attracting potential home buyers in recent times on account of its strategic location. The emerging residential locality has an ample supply of RERA-approved projects and a substantial up trend in prices in past years. There has been a huge surge in the price trends of the locality from 2300sqft to 6100sqft.
Residential Landscape
Kokapet, located along ORR, houses numerous RERA-approved residential projects ranging from independent houses to 2BHK apartments catering to the needs of every budget. According to recent research, kokapet houses almost 40 new residential projects giving many options to potential home buyers. 3BHK apartments costing over an amount of 1 crore take a major share of residential property purchase kokapet. The location is a popular choice for the employees working in the financial district and special economic zones nearby. Also, the students who are pursuing their education in prominent institutes like the Indian School of Business, National Institute of Animal Technology and Chaitanya Bharathi Institute of Technology are looking for rental options in the locality. There are a few more construction projects in progress that are due for delivery in the next couple of years. The location has a lot of inventory for sale, giving more options to prospective buyers.
Commercial Landscape
Even there is much commercial activity happening in the location with the huge availability of adequate land. Koakpet is just 1.5km away from the big commercial centre and 6 km distant from the financial district. The resident of the locality can reach prominent employment hubs like hi-tech city and Gachibowli at a distance of 13 km Via ORR. There is a huge demand for the rental properties in the location with the monthly rentals for 2BHK from 17000/- to 22000/- making the locality a right investment option too.
Connectivity
The biggest attraction of kokapet is its geographical location. It is a 158km long ORR expressway that connects prominent locations like the financial district, international airport, games village, NH9, international airport, knowledge park and hardware park. It also has close proximity to popular railway stations like Chanda Nagar, Llingampally and Hafeezpet at a distance of 10km. Kokapet also attracts many residential and commercial investments in the locality with a well-developed social infrastructure like hospitals, educational institutions, restaurants and malls. Kokapet also houses all international banks in the location.
Investment options
The price hike of the property prices. Both commercial and residential, have witnessed three times hike in prices past five years. The prices of the residential properties in the location jumped from 2300sqft to 6100sqft, making the location a potential investment option for the one who is looking for high returns in the short term. The prices of the properties in the locality are expected to rise further by 30-40% in a couple of years. With 60% of the projects at the completion stage, the locality offers huge options for both residential and commercial projects. to avoid any conspiracies at a later date.
Manikonda
Manikonda is a burgeoning technology sector in Hyderabad. The location boasts well-structured transport to commute to different parts of the city with great ease. The growing commercial landscape in the location makes it a potential investment option for realtors.
Manikonda shares close proximity to employment hubs like Gachibowli, a Hi-tech city, Nanakram guda, and Raheja IT park and enjoys an edge over other localities of Hyderabad in demand for the real estate properties, both commercial and residential. The affordability of the property prices in comparison with tire-1 cities across the country also made Manikonda a hotspot for real estate investments in Hyderabad.
Price trends at Manikonda
The capital values of Manikonda are bracted between 3600 and Rs 4,400 per sq ft, and the locality has witnessed a 4% hike in the price of the properties. The rates of the residential properties at Manikonda still seem to be an affordable option in comparison with other prime locations in the city. A location is also the right option for budget-sensitive tenants. The rental rates are spanning around 13000/- for 1000sqft apartments. Entry-level employees, that constitute 40% of the workforce, prefer Manikonda to rent housing over other IT destinations like Gachibowli and Kondapur. With many prospective buyers for residential property purchases in Hyderabad over renting options, Manikonda is expected to have a bright future in terms of real estate investments. There social infrastructure in the locality is growing rapidly, contributing to the progressive growth of the real estate sector in Manikonda.
Demand for commercial and office space
Manikonda, located in western Hyderabad, has had a lot of attraction for office and commercial spaces since the year 2018. Since then, the locality witnessed occupancy of 64 lakh sq ft occupancy towards the office space in addition to great demand for manufacturing sectors in the commercial belt adjacent to Manikonda.
The location has emerged as a favorite investment spot for office spaces creating a scope for thousands of employment opportunities. The destination has turned into the desired location for tenants, and prospective home buyers that are employed around the IT region and locality could grab a major share in the real estate purchases.
Connectivity
Manikonda is just three kilometers away from the ORR and Indira Gandhi flyover. The recently inaugurated metro station offers good and easy connectivity to various parts of the city. The location also boasts a well-developed social infrastructure housing world-class educational institutions, restaurants, banks, supermarkets, hospitals and entertainment hubs. There is a huge availability of land at the locality, and the locality is going to witness multiple residential and commercial projects from renowned builders. Manikonda is an affordable choice for both commercial and residential projects in comparison to localities like hi-tech city and Gachibowli. The city of Hyderabad continues to gain prominence as both a commercial and residential hub; Manikonda is going to witness potential growth in the real estate sector.
Bachupally
Bachupally, located in the southwest part of Hyderabad, is the most sought option for residential projects with its good connectivity to different parts of the city. The location has driven in proximity to the IT hub of Hyderabad, and affordability has made it the most sought-after locality for real estate development.
The location has improved connectivity to proposed IT projects corridors like Hyderabad-Nagpur Industrial Corridor (HNIC) and Investment Technology Investment Region (ITIR), gaining attention for real estate development. Bachupally is a suburb of Quthubullapur district and falls under GHMC corporation. There are multiple factors that contributed to the growth of the locality, making it one most sought-after destinations for residential and commercial projects.
Residential Landscape
There has been a lot of commercial activity happening in the location, and it served as a catalyst for residential project development here. With huge IT things happening in the city, Hyderabad has turned into a residence for people from all walks of life. There is a growing demand for purchasing residential properties in the city, and Bachupally stands as one of the residential extensions in the city with its well-developed transport connectivity and affordability. The locality brings options for every residential category ranging from mid-sized housing to luxurious villas. There are many residential projects being developed by both reputed builders and new builders. The apartment prices from 1Bhk, 2BHK and 3 Bhk are bracketed between 15 to 40lakh as per the area spread. The rental income in Bchaupally ranges from 6000/- to 20000/- per month.
Commercial Landscape
Bachupally is the host of corporate giants IT companies and many special economic zones located nearby. The locality also hosts many industrial developments like pharma, apparel manufacturing and other industries employing thousands of people, making the locality a good investment option to generate rental income.
Transport infrastructure
Bachupally is connected to ORR and offers hassle-free transportation to the micro-markets of the city. Commuting time from Bachupally to the IT hub of the city is just a 30-minute drive. The proposed intercity bus terminal (ICBT) is further going to improve road transportation. The location’s good connectivity with railroads and metro transportation is going to boost the property prices in the locality.
Investing in Bachupally
There are many factors that node positive for investments in Bachupally real estate. There are many educational institutions, hospitals, stores, and restaurants and good connectivity boost residential investments in the locality. There is a bullish environment in Bachupally, with many commercial projects coming up in the locality. The location will soon witness a hike in property prices, both commercial and residential and give good returns on investment for relators.
Nizampet
Nizampet has close proximity to ORR and has been witnessing increasing purchase trends in real estate past few years. Budget-friendly offerings and many ready-to-move-in properties are a catalyst for a boost in the real estate economy in Nizampet. The capital gains in the area surge by four percent and the rental incomes by nine percent, making the locality a prime real estate investment region in the city.
Sustained rental income
Nizampet can be your prime choice for investment in residential properties to generate a sustainable rental income. The reasonably priced rental accommodations make the locality a preferred choice for all entry-level workforce joining the IT corridor of Hyderabad. There are many offices and commercial complexes within a radius of 6km, and all the employees working there find renting a property in the locality is convenient and affordable. A 2BHK apartment in Nizampet would generate a rental income between 9000/- to 12000/-. The locality is an affordable choice for home buyers too. The majority of the real estate projects in the locality are 2 BHK units with all amenities needed by IT professionals. The real estate apartments at Nizampet are priced between 3200/- to 3800sqft, summing up to 40-50lacs for 1200- 1800sqft apartments.
Social infrastructure
There is a good development in the social infrastructure of the locality. There is a good presence of educational institutions, hospitals, restaurants, malls, and entertainment centres in the locality, grabbing the attention of real estate investors in the locality. The metro flyover and widening roads contribute further to the hike in the prices of real estate investments in the locality.
Connectivity and transportation
Bachupally and Nizampet cross road junction facilitate smooth flow of traffic with the intervention of government authorities to regulate traffic. There is a recent four-line addition linking Miyapur that has facilitated many options for the residents of Nizampet to avoid traffic while getting into the national highway.
The newly developed biodiversity flyover gives close proximity to employment hubs like Hi-tech cities, Gachibowli and Miyapur. There are plenty of public transportation services near Nizampet, and these public transportation services have become the fastest way for the employees to reach the IT hub.
Proposed infrastructure
There are plenty of proposed infrastructure developments in the locality which would further boost the prices of real estate properties in Nizampet. Bachupllay is the closest metro station connecting commercial spaces. The Nizampet Bachupllay area is expected to become one of the top real estate hubs of Hyderabad, with a number of upcoming malls in society. Upcoming attractions and improved connectivity infrastructure will boost optimum real estate growth in the locality. Nizampet fits your every need right from affordable housing, sustainable rentals and close proximity to commercial spaces.
Shankarpally
Shankarpally is one of the burgeoning localities of Hyderabad. The locality is home to massive IT and ITES corridors. The real estate in the locality is growing at an unpredictable rate attracting the attention of relators with the proposed infrastructure projects in the locality. Shankarpally has abundant land availability for the development of real estate projects, and it has close proximity to the IT hub and micro market kokapet.
Proposed developments in different industries like pharma, IT and aerospace have motivated realtors to tap the new localities for real estate development, and one such emerging destination for a flourishing development of both commercial and residential projects is shankarpally. The locality is more peaceful with an abundance of greenery with fast-moving real estate project developments. The destination has emerged as a new real estate investment alternative for investors.
Real estate market in shankarpally
Renowned real estate developers have flooded to shakarpally expanding their wings in the city. The move has many potential investors looking at the destination for more opportunities. The location offers many options to the investors of the residential projects ranging from 2BHK apartments to individual villas. The locality once was an investment choice for corporate giants and NRIs, but IT professionals from various parts of the city are now showing interest in investing in the region due to current affordable pricing and promising returns in future.
Price trends
Sharkapally becomes a choice of locality for affordable investment with higher capital returns in future. The prices for residential projects in shakarpally are bracketed between 1000sqft to 2500sqft. There is a multitude of options for the buyers investing in residential properties as per their land configuration and budget requirements.
Proposed infrastructure
The government of Telangana has proposed a new infrastructure project, “IT city at golden triangle”, which includes Shankarpally-Muthangi-Kokapet. A four-lane highway is being developed between cyber bad and shankarpally, making it one of the most real estate investment hubs of Hyderabad in the coming days.
Social infrastructure and connectivity
Shankarpally is the destination for top educational institutions and recreational centres. The locality is well connected to other parts of the city via ORR. There is hassle-free public transportation to central areas of Hyderabad through buses and metro rail.
Investing in shankarpally
The new proposed IT corridor at “golden triangle” would be developed at a workspace of 90 million sq ft accommodating five lakh working professionals. The proposed project would propel the real estate market in the area and also hike the prices of the properties by 30-35% with respect to commercial properties and 15%-20% with respect to residential properties.
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