Shadnagar realty update June 2013
Hyderabad: With the prices of real estate within the city of Hyderabad shooting through the roof, the regions situated on the city’s outskirts provide some relief to those seeking affordable property. The locality of Shadnagar is stationed at a distance of roughly fifty kilometers from from the main city. This southern locality of Hyderabad is popular among property investors due to its ease of accessibility and connectivity but chiefly for offering properties at affordable rates.Moreover, the Rajiv Gandhi International Airport is a quick half an hour drive from the locality. Owing to its good connectivity, the region has been observing and absorbing a sizeable demand for residential properties along with the prevailing low rates within the area. Because of this a huge increase of almost thirty per cent in demand has been recorded in the first quarter of this fiscal.
Residential projects encompassing 1, 2 and 3 BHK apartment sizes alternating from 800 to 1100 square feet are accessible within the price range of Rs 15 to 22 lakh, when in fact, Shadnagar offers plots for roughly Rs 2000 per square yard onwards. The distinctness in prices is made even more illusory on account of the same size plot which sells around Rs 3800 to 6300 per square yard on the Gachibowli to Shamshabad stretch situated on the Outer Ring Road leading to the main city.
The soon to be completed Peripheral Ring Road which is being constructed to run through Shadnagar is also expected to increase the demand further.
Isolating the road infrastructure, the locality of Shadnagar is already well-connected via railways with the existing railway station of Shadnagar. Further, the railway line is directly linked with Rajiv Gandhi International Airport via the Bangalore–Hyderabad Highway.
Simultaneously, close proximity to industrial areas like Balanagar, Kondurg and Kothur makes Shadnagar a favorable place. With numerous IT companies within its vicinity, the locality is bequethed with high demands from IT professionals, for affordable residential properties.
Currently, an occupancy rate of 60 per cent is recorded by the locality. Almost 80 per cent of property buyers in Shadnagar are investors. The fulgent prospects of the locality are reflected by the on going projects by prominent builders like Agri Gold Group, DLF and Karway Group. The property prices in Shadnagar are expected to rise by 30 per cent in the coming one year.
With the new Airport and the Pharma Companies in Jadcherla which are now completely operational secure the future of this southern locality in Hyderabad. From the perspective of long term investments Shadnagar would prove to be quite a returning investment venture. Other prospective long term investment options in real estate can be sought in localities such as Bhanoor and Patancheru. In the event of similar pricing for both these locations, the reputation of the developer, neighborhood catchment, connectivity and other options should be factored into the decision. However, as per the realty trends, Shaadnagar would prove to be a better choice.
