Shaikpet : Future residential hotspot in west suburb of Hyderabad
Shaikpet is a remote hamlet located on the western fringe of Hyderabad. It is one of the tehsils in Hyderabad and is fast turning into an economical residential area. Due to its proximity to more renowned areas like Hitech city, Banjara Hills and Film nagar, it is a preferred location for many residents who are setting base here.
Connectivity:
Shaikpet is well connected to all major landmarks in the area. It is just 2 km from the nearest main road called Prof C R Road or Sheikpet Road. The nearest airport is the Begumpet International airport that is located 19 km away along Hitech city main road. The nearest railway station from Shaikpet is the Hitech city railway station, located 8 km away along Hitech city main road. The proposed Miyapur metro railway station is just 14 km away along Gachibowli-Miyapur road. Shaikpet is well connected to all prominent areas in the locality like Banjara Hills, Film nagar, Manikonda, Puppalaguda and Gachibowli.
Public Transport:
Shaikpet has APRTC buses plying to all major destinations in the vicinity. The nearest MMTS station is located at Hitech city about 9 km away, along Hitech city main road. Taxis and autos are also available in the locality.
Social Infrastructure:
Shaikpet offers many important public amenities in the vicinity. There are many reputed schools like Insight International School, Kakateeya High School, Kulsum Mariam Rabbani School etc in the area. Besides, the Narayanamma College as well as other educational institutions like Akshara Institutions is also located in Shaikpet. Religious institutions like Hanuman temple, Sai Baba temple, Shri Kanaka Durga Devi temple, Masjid Farooq, Masjid Bilal, Amina Masjid etc are located in the area. Many reputed hospitals like Aditya hospital, Agastya Homeo clinic provide quality health care facilities. Besides there are various other facilities like Indira Gandhi Community hall, Shaikpet library, GHMC municipality park, play grounds, shopping centers and food joints in the area.
Real Estate:
There are many residential colonies in Shaikpet like Brindavan colony, HUDA colony, Sai Sannidhi Enclave etc, besides many apartment complexes. Some of the well-known residential projects that have been recently completed are Sai Dream Valley by Nigama Properties, Sri Aditya Splendour by Sri Aditya Homes, Aditya Empress Heights by Aditya Construction Company etc. The types of residential properties commonly seen in Shaikpet are apartments, villas and individual houses. A majority of them are either 2 BHK or 3 BHK.
Price Trends:
The current average price per sq ft for residential apartments in Shaikpet is Rs. 3,400 with a price appreciation of 10% compared to the corresponding period last year. The sale price for 2 BHK apartments between 900 and 1300 sq ft currently ranges between 20 and 50 lakhs. For 3 BHK apartments between 1300 and 2500 sq ft, the sale price is between 25 lakhs and 45 lakhs.
The current average rental price per sq ft for residential apartments here is Rs. 7. The rentals for 2 BHK apartments between 1000 and 1300 sq ft ranges between Rs.9,000 and Rs.12,000. For 3 BHK apartments between 1500 and 2000 sq ft, rentals are between Rs.15,000 and Rs.20,000 per month. Maintenance charges for apartments is above Rs.500 per month.
Future prospects:
Shaikpet has the prospect of turning into a prominent residential area due to its proximity to other commercial hubs like Gachibowli, Hitech city, Film nagar, Banjara Hills etc. Many residential apartments and colonies are set to come up in this area, with vacant land being available aplenty.
