Hyderabad is a big city with a huge demand for real estate. After Bangalore, Hyderabad is the top city in the southern part of the country. The main reason for the growth of the real estate market is majorly due to the establishment of IT/ITes sectors in Hyderabad.
Speaking about buying a flat, the property rates vary depending on the various factors. So here are a few areas which have excellent returns on investment:
A) Gachibowli - Gachibowli is a prime location close to HITEC City in Hyderabad. It is well connected to other parts of the city via Outer Ring Road, Old Mumbai Highway, and Gachibowli-Miyapur Road. The average property price in Gachibowli is Rs. 10217/sq ft.
B) Kokapet - Kokapet which is also known as the extension of the Financial District is located in east Hyderabad. The area is a little far away from the city, but has witnessed a lot of social and infrastructural development. Via outer ring road, localities like HITEC City, airport, Gachibowli, Banjara Hills, etc can be accessed easily. The property rates in Kokapet is around Rs. 9862/sq ft.
1 BHK flat for Sale in Gachibowli and Kokapet
C) Uppal - Another excellent and emerging locality in East Hyderabad is Uppal. It is a developing area with organized and planned colonies. It is quite close to Gandhipet and the Hyderabad International Airport. Additionally, the Blue Line Metro connects Uppal to various parts of the city. Speaking about the property price, the rates in Uppal is around Rs. 4991/sq ft.
D) Vanasthalipuram - Vanasthalipuram is a busy locality in south Hyderabad. It has a mixture of both commercial and residential properties. The connectivity is excellent as it connects you with other parts of the city via the red metro line as well as roadways such as the inner Ring Road/Nagarjuna Sagar Ring Road. The property rates here are very affordable. Currently, the property rates in Vanasthalipuram is Rs. 5247/sq ft.
1 BHK flats on sale in Uppal and Vanasthalipuram
E) KPHB - Located in the North western part of the city, KPHB or Kukatpally Housing Board is a quite famous area. The area has both commercial and residential properties. The proximity to Gachibowli and HITEC City has made this area a prominent choice for accommodation for people working there. Currently, the property prices in Kukatpally is around Rs. 7844/sq ft.
F) Secunderabad - Secunderabad is also known as the twin city of Hyderabad. It is spread across a huge area and has many well-established localities. The main attraction here is the Hussain Sagar Lake. Speaking about the property rates, the current property rate in Secunderabad is around Rs. 8375/sq ft.
1 BHK flats on sale in Kukatpally and Secunderabad
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2020-12-20T15:04:17+00:00 2020-12-20T15:04:17+00:00Comment
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