Kompally: Fast developing residential hub on the Northern suburb of Hyderabad
Kompally is a fast developing residential hub located 20 km north of Hyderabad. The Greater Hyderabad Municipal Corporation (GHMC) is in charge of the administration of this area. It has transformed itself from a small village on the outskirts of the city to a booming educational cum residential hub.
Connectivity:
Kompally is well connected to all major landmarks in the locality. It is 14 km away from Outer Ring Road (ORR) while the nearest airport is the Begumpet International airport, located just 15 km away along Medchal road. The nearest railway station from Kompally is the Begumpet railway station, located 16 km away along Medchal road. The proposed Miyapur metro railway station is 23 km away along the Mumbai highway.
Public Transport:
Kompally has buses belonging to APRTC plying to all major destinations in the vicinity, along Medchal road and Doolapally road. Moreover, the local MMTS train station is located at Bolarum along Bolarum-Kompally main road, just 5 km away. Taxis and autos are the alternate modes of transport available here.
Social Infrastructure:
Kompally offers many important public amenities in the vicinity. Many reputed schools like DRS International School, Unicent School, Neeraj Public School etc are seen in the area. Besides many recognised colleges like Mallya Reddy Engineering College, St. Martin’s Engineering College, Siva Sivani Institute of Management etc are located in Kompally. Religious institutions like a temple, the Majid-e-Mehboobia mosque etc are located in the vicinity. Some of the prominent hospitals in the area are Sri Sigma hospital, Swarupa Multi Speciality hosiptal, Balaji hospital etc. Besides, there are many water bodies, parks, restaurants and shopping centers in the area.
Real Estate:
Kompally has many residential colonies like Devender colony, Jaibery colony etc. Some of the prominent apartment projects that have been recently completed are Cascade Greens Lily by Krupa Builders, Sanman Belmor by Sanman Homes Pvt Ltd, Modi Silver Springs by Modi Builders etc. Apartments, villas and individual houses are the types of residential properties seen here. The different types of residences seen here are either 2 BHK or 3 BHK.
Price Trends:
The current average price per sq ft for residential apartments in Kompally is Rs. 2,390 with a price appreciation of 3% compared to the last quarter, and a 10% appreciation compared to the corresponding period last year. The sale price for 2 BHK apartments between 800 and 1200 sq ft ranges from 20 to 40 lakh. For 3 BHK apartments between 1400 and 1800 sq ft, the sale price is between 40 lakh and 80 lakh.
The current average rental price per sq ft for residential apartments here is Rs. 10. Rentals for 2 BHK apartments between 800 and 1200 sq ft are between Rs.5,000 and Rs.8,000. For 3 BHK apartments between 1200 and 1800 sq ft, rentals are between Rs.8,000 and Rs.12,000 per month. Maintenance charges are upwards of Rs.600 per month.
Future prospects:
Due to its proximity to Hitech city, Kompally has the prospect of developing into a major residential hub, housing IT and BPO professionals. The presence of vast expanses of developable areas presents the prospect of developers tapping into this lucrative micro market. There is a high level of construction activity in the area, which could soon result in supply surpassing demand. Moreover, infrastructure and connectivity in the area is good which could attract many prospective buyers to this fast developing market.
