Mokila: An upcoming hotspot on the western periphery of Hyderabad
Mokila, a suburb located 35 km along the western periphery of Hyderabad, via Shankarpalli road, is fast developing into a lucrative real estate destination. The prime factors that are working in its favour are its connectivity to other major roads connecting the city, as well as the low prices for property in the area. Considering the benefits that it offers, realty experts are encouraging investors to invest in this area so as to get good returns.
Connectivity:
Mokila is well connected to the Outer Ring Road (ORR), being just 20 kms away along the Shankarpalli road. Besides, it is close to other prominent areas in the city, being 22 km away from Gachibowli, 30 km from Hitech city and 35 km away from the proposed Miyapur metro railway station, along the Shankarpalli road. Moreover, it is just 8 km away from the nearest railway station at Nagulapalli, and just 4 km away from an important shopping center, Raithu Bazar.
Public Transport:
Mokila has APRTC buses plying to the city along the Shankarpalli road, with major bus stops in the vicinity like on Pilligundla main road and Bulkapur main road, besides at Mokila. The nearest MMTS railway station is at Chanda Nagar, about 30 km away.
Social Infrastructure:
Since developmental activities has not caught up in the area in a large manner, there are not many social and physical infrastructure facilities available at present. Some of the major amenities in the vicinity are the reputed Indus International School, the proposed MMTS railway station and the ICFAI University. Besides, there are wide interior roads and ATMs of many major banks. However, with the immense potential that the area holds, it is just a matter of time before many more developmental projects would start in the area.
Price Trends:
With many prominent IT hubs like Gachibowli and Hitech city being in the proximity of Mokila, many professionals are choosing this area for investing in residential property. The major advantages that the area offers them are excellent connectivity as well as spacious residential property at reasonable prices. Residential plots are available in size ranges between 250 and 650 sq yards. The price range is between 10 to 60 lakh. Apartments in Mokila are priced above 20 lakh and villas above 40 lakh.
Real Estate:
Many realty developers are launching prestigious projects in the area. Some of the prominent developers who are planning to embark on new projects are Green City Estates, Sark Group, Subha Gruha Projects etc. Newly launched projects are being offered at competitive prices compared to other areas closer to the city. There is also a 20-km stretch of land, west of Kokapet, which is a bio-conservation zone. The probability of this zone being employed for realty development is very high. Mokila being the first residential village were permission has been granted for real estate development, has tremendous potential for turning into a hotspot for real estate investors.
