Why Has Hyderabad Become a Hotspot For Housing? Well-known realtor Janaharsha Group has an answer
Janaharsha Group : The real estate market of Hyderabad has risen substantially, slaying all other markets in India. There are several hotspots in Hyderabad promising hefty profit through resale and assets appreciation to the property owners.
Coveted real estate locations like Ibrahimpatan and Kukatpally have witnessed a rise of 7 percent in property prices, highest in Hyderabad till date. These locations also top the list of preferred localities for sale and rent of housing property.
Just five minutes drive from the proposed 12 lane 500′ outer ring road’s mega junction, Ibrahimpatan is one of the urbanized areas of Hyderabad. The average capital values of this locality range from Rs 13,400-17,800 per sq ft.
The area has been subjected to the redevelopment drive happening in the major localities of Hyderabad. The remodeled inventory has better amenities and hence is priced on a higher end.
Over four new premium projects, including Dream City II have been completed in the area. If you are planning to invest in the housing sector, properties available here will range from Rs 55 lakh to Rs 7 crore, with covered area varying from 600-4,500 sq ft.
The Sagar Highway connects Ibrahimpatan to the emerging IT hub. Impeccable residential developments plus proximity to the IT corridor make Ibrahimpatan one of the propitious investment regions in the city.
Another Hyderabad’s locality, Kukatpally witnessed a 6 per cent growth in property prices during the last quarter of 2016. Even in the July-September quarter in 2016, a 4 per cent capital appreciation was observed here. In these areas, buyers will have to spend Rs 30 lakh to Rs 2 crore to buy their dream homes with sizes varying from 600-1,600 sq ft.
Bettering road infrastructure, top quality apartments by well-known developers together with proximity to the IT Expressway is keeping the realty market thriving in the locality. Know More