Bachupally, Hyderabad: Affordable Villas Available Aplenty
Bachupally, located 27 km north of Hyderabad along the Nizampet road, is fast developing into a suburb that offers affordable residential properties.Many investors have been attracted to this area since it offers residential property, especially villas, in the affordable range of about 20-40 lakh. Considering that Bachupally is a fast developing area, surrounding the Miyapur intermediate ring road, the villas being offered in this price range by developers is expected to be readily lapped up.
Easy availability of lower priced land:
Realty development in Bachupally gained prominence only in recent years, due to the expansion of the city and developers moving towards the fringes to take advantage of the cost factor. Large parcels of land were bought by developers many years ago when land prices in the area were dirt cheap. Areas like Bachupally are still selling at prices considerably lower when compared to many other areas of the city, where there has been tremendous appreciation in land value. With low priced land easily available here, developers can afford to price their projects in a lower bracket, like the Rs.30-60 lakh bracket in which many villas are currently being sold. Most of the villas in Bachupally are built on plots of land measuring around 150 sq yd, and a built-up area of around 1800-2000 sq ft. Most of the villas that developers offer are in the ground plus one floor category along with terrace and car parking facility.
Villa projects offered in Bachupally:
The joint venture between Sunway City and Opus offers many villa projects in Bachupally. The villas offered by them provide buyers with luxury living facilities and are priced at around Rs. 50 lakh per unit. The different units are either 2 BHK or 3 BHK triplexes, duplexes and single floors units. Some of the prominent developers offering villa units in this price range include Safeway Infra, Praneeth Pranav Homes, and SRK Green Avenues. The villa units of SRK Green Avenue are mostly 3 BHK, of sizes ranging from 167-250 sq yd, while those of Praneeth Pranav are mostly 2 BHK units with sizes ranging from 116 to 155 sq yd. These two projects are located in Bowrampet, adjacent to Bachupally.
Easy Connectivity and social amenities:
Besides the price advantage that Bachupally offers, another important factor that are likely to attract buyers is the easy connectivity that the area offers since it is strategically located. There is easy access to the Miyapur-Bachupally road located just 4 km away, to the NH-9, located just 9 km away, and to the Miyapur MRTS station, located 34 kms away. Even though it is a sparsely populated area with large expanses of vacant spaces, it has many social amenities within the vicinity. There are some reputed schools like Oakridge International school, Keshav Reddy school etc, besides other educational institutions like DRK Institute of Science and Technology. There are also many parks and water bodies located in the area. Many more important facilities are likely to come up once it gets more populated.
Similarly priced areas:
There are many other areas in the city that offers villas in this price range. Some of these areas are Kompally, Shamshabad, Nagaram, Meerpet, Pocharam, Sainikpuri, Beeramguda etc. Most of these areas are suburban areas with large spaces of land available to be developed. Due to the land prices being affordable in these areas as well, investors can afford to price their projects so as to lower the burden on the buyer. Many prestigious projects are likely to come up in these areas as well as in Bachupally, that will result in the overall development of these areas. With more and more developers turning their attention to such areas, more attention is likely to be paid to the development of infrastructure in these areas, thereby resulting in the overall development of these areas. With prices more or less stabilising all over the city, areas like Bachupally could also fetch good value for your investment in the long term.
Bachupally, Hyderabad: Affordable Villas Available Aplenty
