Uppal records steady rise in Property values
Uppal, located about 10 km east of Hyderabad, is witnessing a steady rise in property values. This can be attributed to the hike in demand for property in this fast-developing suburb in East Hyderabad. Affordability, excellent connectivity and the potential for price appreciation are the main factors contributing to this upsurge in demand.
Immense potential in residential and commercial space:
Uppal saw a rise in rates of multi-storey apartments to the tune of 16% in Q3 of 2013. As a result, a 1000 sq ft apartment which was available in Q2, 2013, for an average value of Rs. 20 lakh, is currently priced at Rs. 24 lakh. Moreover, as per reports, the area has managed to maintain the tenth position in the list of areas most preferred in the city, for the last two quarters in succession. The area has immense untapped potential both in the residential as well as commercial space. The future holds promise for the area, which could see considerable appreciation in property prices. It presents immense opportunities for developers to make use of the potential that the area offers.
Excellent connectivity, being equidistant from the twin cities:
Connectivity across Uppal is excellent, with it being equidistant from both Hyderabad and Secunderabad. Being about 10 km from either city, Uppal has better connectivity compared to other locations in East Hyderabad. While the Uppal–Ramanthapur road connects Uppal with Hyderabad, the Uppal main road connects the area with Secunderabad. The nearest railway station from Uppal is located at Kachiguda, about 8 km away. The proposed metro railway station at Uppal is in the close vicinity, with about 80% work completed on the Uppal depot. This has also been one of the contributing factors for the appreciation in capital values in recent times.
Important public and social infrastructure:
Uppal offers many public and social amenities in the area. There are many prominent IT companies that are coming up here in the near future. Genpact has made its presence felt in the area for sometime, and Infosys is coming up with its largest campus in the area. Some of the reputed schools in the area are St.Gabriel High School, Vignan High School, St.Mark’s High School etc. The Little Flower Jr. College is also located in Uppal. There are also many religious institutions located in the area like the Anjaneya Swamy temple, the Masjid-e-Visatath Rasool Khan, the Penuel Gospel Hall Church etc. SHK hospital is an important hospital located in the area. Besides, the area can also boast of the Rajiv Gandhi International Cricket Stadium, besides the Uppal Municipal Stadium. Some important theatres in the area are Rajya Lakshmi theater and Shri Krishna theater. There are also many parks, restaurants and shopping centers in the area.
Realty scenario in Uppal:
Inspite of the price appreciation witnessed in Uppal, residential property is still available in the area at affordable prices. The current value of multi-storey apartments ranges from Rs.1,800-3,200 per sq ft. This is considerably lower when compared to other areas in West Hyderabad like Gachibowli, Hitech city and Jubilee Hills, where the average prices are between Rs.3,200-5,200 per sq ft. The price range for 2 BHK apartments between 800–1,200 sq ft is between Rs.20-40 lakh, while for 3 BHK apartments between 1,200-1,800 sq ft, the price range is between Rs.40-60 lakh. Rentals vary from Rs.5,000-12,000 per month.
