As the
speculations about the elections of 2014 have died down,
prospective buyers eagerly await to see momentum in realty market of Hyderabad.
Even though some people say that prices of property may remain steady in the
next couple of months, a lot of others believe that buyer sentiments may push
prices up.
For long,
Hyderabad has been a favoured destination for investors and buyers alike. If
you intend to buy property in Hyderabad, then you would be glad to
know that more than 300 residential projects are coming up which include plots,
multi-storey, villas and residential houses.
According
to the MD of JLL of Hyderabad area, realty market in the city will continue to
have its pre-eminence and relevance. In the next 6 to 9 months, the sentiments
of businessman shall mostly remain stable. This period may be found favourable
for investors as valuation of property is low and there is possibility of
capitalization.
Location
Most of
these projects are located in Kondakal, Gachibowli, Mutangi, Appa Junction,
Chanda Nagar, Kukatpally, Shamshabad, Shad Nagar, HITEC City and Sainikpuri
among others.
Kinds of
Properties
Multi
storeyed apartments, plots, villas and residential houses flood the market
here. A favourite area for villas, plots and apartments is Gachibowli and
construction magnets like Ramky Estates and Farms, Mantri Group and Aparna
Constructions have projects located in this area. Shad
Nagar, Adibatla, Kondakal, Shamshabad and Mokila are some of the areas for
residential plots.
Prices
Prices for
multi storeyed apartments begin from INR 11 lakhs for 2BHK units in Shad Nagar
while it can go up to INR 2.65 crore for a 3BHK flat in Banjara Hills. Villas
may be priced at INR 32 lakhs for 2BHK set ups which are located over 4500
square feet in Srisailam Ivy. In Gachhibowli, for a 5BHK villa which is laid
out over 4050 square feet, you would have to pay INR 5.5 crores.
If you
want a residential plot, you would have to pay Rs 1.35 lakhs for a plot
measuring 1800 square feet along Warangal highway. The prices may go up to INR
1.50 crores for plots measuring 3870 square feet in Madhapur.
According
to a recent study, realty sector in Hyderabad may gain after the creation of
Telengana. According to the COO of Perfect Pincode, Ravi Varma, one out of
fifteen enquiries has been converted into actual transactions. The price range
of such conversions is between INR 25 lakhs and 75 lakhs.
New and
Established Developers are entering this market and it is thought that most of
the possessions shall take place in locations like Kondapur, Madhapur,
Nalagandla, Miyapur, Appa Junction and Uppal. The regions have become the new
cynosure for realty sector in Hyderabad.
Another
popular area is the Yapral area in Northern Secunderabad. NizamNazirud Doula
built the RashtrapatiNilayam in 1860 here which is also known as the Residency
House. The construction became the country house of British Residents at that
time in Secunderabad. Presently, it is a custom for the Indian President to
stay here at least for one time in a year. Quite surprisingly, this grand
structure which is only 9kms from Yapral is a USP spoken of by realtors when
prospective buyers speak to them.
Located
just 5kms from the area of Sainikpuri, Yapral is popular for those people
employed in military services. Because of the cosmopolitan culture among the
people in the military where people from different parts of India get together,
non-locals prefer to stay in Yapral too.
The area
is also very popular among retired military officers. Visitors may come across
numerous majors and colonels who are non-natives but prefer staying in Yapral
because of the good infrastructure and peaceful environment. For now, non-natives
have taken a shining towards the area because of the North Indian population
living here.
Kinds of
Properties Available
Independent
houses and villas are a common choice in this area of Secunderabad even though
multi storeyed flats are slowly growing in number. Villas are chosen because of
the kind of privacy they offer and they do not restrict one like flats might.
Local
realtors state that there are a number of options available in Yapral. A gated
residential community is not very uncommon in this area and they have all kinds
of amenities at hand- club houses, supermarkets, gyms etc. The values of
capital in Yapral range between INR 2,300 and INR 2,700 for square feet.
Apartments which are in the 3BHK style cover an area of almost 1485 to 1586 per
square feet can bill you between INR 34 lakhs to 40 lakhs.
Houses for
residential which are in higher accommodations which range between 1900 and
2600 square feet which might cost you between INR 43 lakhs and INR 74 lakhs.
The 5BHK apartments may cost almost INR 2 crore for a house that measure almost
5100 square feet. However, there are 3BHK and 4BHK villas which might cost you
between Rs 55 lakhs and Rs 1.40 crores. You can also buy residential plots in
this area.
Facilities
The
Secunderabad Railway Station is only 11kms away from Yapral. By taking the
Karimnagar-Hyderabad highway, the Begumpet airport shall be located only 13kms
away. Unlike
most areas, Yapral is peaceful and free from traffic jams as it is close to a
military area. The APSRTC serves the area well as buses ply regularly here.
Most of
the layouts are permitted by the HMDA and therefore electricity and water is
looked after by the APSEB and HMWS respectively. There are some prestigious
schools locate in the area too. Hospitals, colleges, environmental parks and
restaurants are also located abundantly here.
Possibility
of Appreciation
A villa
that was worth Rs 48 to Rs 50 lakhs 2 years ago costs roughly between Rs 60
lakhs and Rs 70 lakhs. Investment in the area has gathered momentum after the
elections have ended. As Hyderabad has been declared as the joint capital for
the coming 10 years, buyers are making proper choices without past
uncertainties.
Realty
growth in Yapral is still in a developing stage. However, its proximity to
military areas and Sainikpury, the liveability proportion is more. Yapral is
already self sufficient in numerous ways although commercial developments are
coming up.
