Hyderabad bedazzled by IT corridors vibrancy – Part 2
HYDERABAD: Corroborating Hyderabad’s realty picture, the east zone too is coming to the fore when compared with the other zones of the city. Bounded between Nagarjuna sager Road and Uppal Road, the area expands for almost 25 kilometers along the Warangal highway stretch, which in turn is being spurred forward by the growth of numerous educational institutions and the development of the Charlapally industrial belt.
The software corridor located in Hyderabad’s western sector is at the helm again. Introduction of new projects have injected a positive trend which is expected to remain steady for at least a year. The growth along the western sector from Madhapur hi-tech city to the financial corridor of Gachibowli and Nanakramguda is worth mentioning.
NORTH HYDERABAD
The localities of Alwal, A.S.Rao Nagar, Bolaram, Balanagar, Bowenpally, Kompally, Sainikpuri, Sanathnagar, Shamirpeth and Tirumulgherry generally fall under the jurisdiction of north Hyderabad. While Hyderabad’s norther region has witnessed slow yet steady growth with luxury housing and affordable villas dotting its outskirts.
Sanathnagar’s low-value market too has begun attracting the higher mid-segment within the price range of Rs 3,500 to Rs 4,000 per square feet. Villas in the price bracket of Rs 50 Lakh to Rs 1.25 crore are available at Kompally. However, luxury housing at Kompally has not garnered much response. A slump in the trend of sales similar to the past year may continue well within this fiscal.
Sundry stand-alone projects at Alwal are on sale bearing price tags varying from Rs 2,000 to Rs 2,500 per square feet. A.S.Rao Nagar situated near Sainikpuri, proffers both affordable houses as well as villas within the range of Rs 1,900 to Rs 2,200 per square feet, while villa units are being quoted anywhere from Rs 40 to 60 Lakhs.
In regards to the prevailing scenario of northern Hyderabad, realty experts have reasons to believe that it could only improve, with the overall prospects looking bright. Even though the western part of Hyderabad is booming, the north has its own charm and ambiance.
While commuting time and connectivity are the two factors that play on a buyer’s mind and those seeking to be located far from the hustle and bustle of the main city can find refuge within the expansive open green stretches that are being offered at ideal bargains in north Hyderabad. Independent houses are within the range of Rs 40 Lakh to Rs 50 Lakh while apartments are being sold from Rs 1,900 to Rs 2,500 per square feet.
Some of the prominent builders who are launching major projects in the region include Omega Shelters, Modi Builders & Realtors, S & S Green Projects etc.
EAST HYDERABAD
The localities of Bibinagar, Ghatkesar, L B Nagar, Nagarjun Sagar Road, Pocharam, Srisailam Road, Uppal and Vanasthalipuram are covered under east Hyderabad. After a long slump, the east zone is finally regaining demand and favorable prices.
The Warangal Road is being augmented by a lot of activity. The AP Housing Board’s project, Infosys and Raheja Mind Space located at Pocharam have been the most prominent drivers of growth within this region. The ORR along with the inevitable Metro Rail connectivity up till Uppal also act as the icing on top of the cake. The unorganised sector dotted by houses constructed on plots ranging from 100 yard to 250 yard are credited for driving the demand for the localities of Uppal and Boduppal. The quotation for these houses start from Rs 25 lakh to Rs 45 lakh. The existing prices vary between Rs 2,600 and Rs 3,400 per square feet for apartment units.
Similarly, the neighborhoods of Pocharam and Ghatkesar possess affordable housing and budget villas. The prices for apartment units range from Rs 1,800 to Rs 2,200 per square feet. Villas are priced between Rs 35 lakh to 60 lakh. A flat of 1,000 square feet located near the Singapore Township at Pocharam would cost close to Rs 30 lakh.
Green Life Builders, etc are some of the major builders to establish projects within this area. TCS project at Adibatla which is adjacent to the Ring Road is another conspicuous development which would further increase the demand and prices of the region.
Quick Facts:
The Warangal Road is being augmented by a lot of activity.
The AP Housing Board’s project, Infosys and Raheja Mind Space at Pocharam are prominent drivers of growth within this region.
The northern region of Hyderabad has been bearing witnessing to a slow yet steady growth with luxury housing and affordable villas dotting its outskirts.
The neighborhoods of Pocharam and Ghatkesar possess affordable housing and budget villas.
Localities of Appa Junction, Kismatpur and Narsingi are rapidly evolving as the latest residential addresses to be located along the western corridor as well as due to their proximity to the ORR
The northern region of Hyderabad has been bearing witnessing to a slow yet steady growth with luxury housing and affordable villas dotting its outskirts.
