Somajiguda : Potentially upmarket residential area in the vicinity of Hyderabad
Somajiguda is a fast developing residential area which is also emerging as a commercial hotspot. It is located 7 km towards the north-west of Hyderabad, along Raj Bhavan road. Due to its proximity to the heart of the city, it is easily accessible to many important areas in the vicinity like Secunderabad, Himayath Nagar, Banjara hills, Ameerpet etc.
Connectivity:
Somajiguda is well connected to all major landmarks in the area through the NH 9 on one side and the Raj Bhavan road on the other side. The nearest airport is the Begumpet International airport that is located just 9 km away along Balkampet road. The nearest railway station from Somajiguda is the Begumpet railway station, located just 3 km away along Raj Bhavan road. The proposed Parade Ground Metro Railway Station (Interchange station) is about 10 km away along Necklace road. Somajiguda is also well connected to prominent areas in the locality, being just 8 km from Secunderabad, 5 km from Himayath Nagar, 4 km from Banjara Hills, and 5 km from Ameerpet.
Public Transport:
Somajiguda has APRTC buses plying to all major destinations in the vicinity, with many bus stops at all major points along NH 9 and Raj Bhavan road. The nearest MMTS station is the Necklace Road MMTS Station located about 500 m away, along Raj Bhavan road. Taxis and autos are also available in the locality.
Social Infrastructure:
Somajiguda offers many important public amenities in the vicinity. There are many reputed schools like Zikra School in the area. Besides, there are many renowned colleges like the Villa Marie College, and educational institutions like ICMAS, NDIIM, Asian Institute of Gastroenterology, Administrative Staff Colege of India, National Institute of Amateur Radio Operator etc located in Somajiguda. Religious institutions like the Anjaneya Swamy temple, Hanuman temple, Vinayaka Swamy temple, Rehoboth Prayer House church, etc are located in the area. There are prominent hospitals like Yashoda hospital, Maa Hospitals, Asian ENT Care Center etc. Besides, there is also a Hyderabad Central Mall and a Sparks Academy of Dance in the area. Besides there are various other facilities like parks, food joints and shopping centers in the area.
Real Estate:
There are many residential apartment complexes in Somajiguda. Some of the prominent residential projects here are My Home Gardenia by My Home Constructions, Lahari Pearl Heights by Lahari Constructions, Srinilaya Towers by Pradeep Constructions etc. Commonly seen residential properties in Somajiguda are apartments, villas and individual houses. The commonly available apartments are either 2 BHK or 3 BHK.
Price Trends:
The current average price per sq ft for residential apartments in Somajiguda is Rs. 4,640 with a price depreciation of 2% compared to the previous quarter. The present sale price for 2 BHK apartments between 900 and 1200 sq ft currently ranges between 30 and 60 lakhs. For 3 BHK apartments between 1500 and 2000 sq ft, the sale price is between 60 lakhs and 90 lakhs.
The current average rental price per sq ft for residential apartments here is Rs. 13. The rentals for 2 BHK apartments between 900 and 1200 sq ft ranges between Rs.15,000 and Rs.20,000. For 3 BHK apartments between 1500 and 2000 sq ft, rentals are between Rs. 20,000 and Rs.30,000 per month. Maintenance charges for apartments is above Rs.800 per month.
Future prospects:
Somajiguda has immense potential to be developed into a major residential hub with its proximity to Hyderabad as well as to other commercially viable areas in the vicinity. Commercially as well, it has infrastructure for developers to tap into this upcoming market, especially with large expanses of undeveloped areas available for development.
