Fast Developing Residential Hub in North-west Hyderabad: Miyapur
Miyapur is a busy industrial hub located 22 kms north-west of Hyderabad and is administered by the Greater Hyderabad Municipal Corporation (GHMC). It is fast developing into a major industrial, commercial and residential hot spot with many high rise buildings in the vicinity. Many industrial facilities in the IT, pharma, and apparel sectors are located here, besides the Industrial Development Area (IDA) located at Bolaram, in the fringes.
Connectivity:
Miyapur is well connected to all major landmarks in the area. It is just 12 kms from NH 9, along the Vijayawada highway. The nearest airport is the Begumpet International airport that is located 15 kms away along NH-9. The nearest railway station from Kukatpally is the Lingampally railway station, located just 6 kms away along NH-9. The upcoming Miyapur metro railway station is just 3 kms away along NH-9.
Public Transport:
Miyapur has APRTC buses plying to all major destinations in the vicinity with many bus stops along NH 9. The nearest MMTS train station is located at Khairatabad along NH 9 about 15 kms away. Taxis and autos are readily available in the locality.
Social Infrastructure:
Miyapur is renowned for the public amenities that it offers. Many reputed schools like Sarvodaya School, St. Ann’s High School, Vidyodaya School etc are seen in this area. Besides there are many recognised colleges like Chaitanya Jr. College, Bible College etc. Religious institutions like Lord Hanuman temple are located in Miyapur. There are many quality hospitals in the area like Ragi hospital, Mirra hosiptal, Raja hospital etc. There are alos many large water bodies and parks around Miyapur. Shopping facilities are also quite common in the locality.
Real Estate:
Prominent housing societies like the Vediri township and Shanti Nagar housing society provide economical housing facilities for residents in the area. Besides, there are many residential colonies like Indira Nagar colony, Stalin colony, HMT colony etc spread across Miyapur. There are many apartment projects coming up in the locality like Vinay Fountainhead by SMR Holdings, Amulya Fortune by Amulya Constructions & Infrastructure Developers, Opus Grand by Sunway Properties etc. Apartments, villas and individual houses are the types of residential properties commonly seen in the area. Most of them are either 2 BHK or 3 BHK.
Price Trends:
The current average price per sq ft for residential apartments in Kukatpally is Rs. 3,250, with a price appreciation of 6% compared to the last quarter, and a 20% appreciation compared to the corresponding period last year. The current sale price for 2 BHK apartments between 1000 and 1300 sqft ranges from 20 to 40 lakhs. For 3 BHK apartments between 1300 and 1700 sqft, the sale price is between 40 lakhs and 70 lakhs.
The current average rental price per sq ft for residential apartments here is Rs. 10, with an appreciation of 11% compared to the last quarter. Rentals for 1 BHK apartments between 500 and 800 sqft is between Rs.5,000 and Rs.7,000 while for 2 BHK apartments between 1000 and 1500 sqft, rentals are between Rs.10,000 and Rs.15,000. For 3 BHK apartments between 1500 and 2000 sqft, rentals are between Rs.15,000 and Rs.20,000 per month. Maintenance charges would be above Rs.600 per month.
Future prospects:
Miyapur is an area that has tremendous prospects for real estate development with many developers looking at investing in new projects in the near future with an eye on the lucrative returns that the area offers. As many as 30 new residential projects would be completed here in the next 3 years, that would cater mostly to the young IT population in the area.
