The Suburban Story of New Hyderabad

HYDERABAD: With the eventual and intense flourishing of Hyderabad’s IT industry in the early 2000’s and the consequential inflow of professionals to Gachibowli and Madhapur have made the surrounding areas of Manikonda, Miyapur, Nallagandla, Nanakramguda, Narsingi and Tellapur which were once considered to be the sleepy suburbs of Hyderabad – the hot real estate investment destinations. With the metro rail and the ORR, the Suburban story has just begun.

The engorgement effects of the IT industry has given rise to a massive demand for residential properties within these areas due to their easy accessibility and close proximity to Hi-Tech City and Gachibowli, where the majority of the leading Indian companies and MNCs have established their offices. The commendable road infrastructure has shortened the commute from these areas to either Madhapur or Gachibowli within half an hour’s drive.

Due to large tracts of land being abundantly available at affordable prices a construction boom has been observed within these areas. Gated communities sprawling across multiple hectares of land are predominantly being spawned and developed. Currently a flourishing balance of supply and demand exists.

The gradual growth of real estate demand has lead to sundry prominent players such as Ramky Estates & Farms, etc, to launch major projects within these areas. These areas are especially suited to the needs and demands of end users who would be first time property buyers. High appreciation in the realty values of these areas are expected by the next five years.

Pre launch projects with a gestation period varying from three to four years should turn out to be ideal investment options. In the mean time these pre launch projects are completed, the adjoining areas would also develop, hence significantly increasing the realty rates and help the investment to fetch substantial returns. Above 25 per cent returns can be expected from these areas.

Due to the availability of abundant and affordable land, planned infrastructure development are expected to be witnessed by these areas. For instance, the Hyderabad Metro which would be covering Miyapur is expected to further accelerate the prices of the area. The Outer Ring Road and the Indira Gandhi Flyover are easily accessible from these areas, proffering traffic-congestion free roads to access the Shamshabad International Airport which is a major attraction for employees of the IT sector. The new master plan for Hyderabad also proposes to develop majority of the interior roads to a width of 120 feet and these areas would again be benefited.

According to real estate experts, the demand is finally catching up with the supply. With some of the major MNCs and Indian companies based out of Gachbowli and Madhapur a huge influx of migratory population occurs in this region. As an end result the demand is expected to increase even further.

Besides, the general local demand, numerous investors from various other Tier II cities are also seeking to invest within Hyderabad and these areas allure their interest as well. With the prices of taxes, approval fee and raw material generally going up, this could prove to be the right time to invest.

Young people employed by the IT and other services areas generally prefer these localities. There main requirements are quality living along with other world class amenities. An independent villa project spreading across a lavish 22 acres of land in Tellapur is set for launch within the next six months by Shanta Sriram. Ramky Group would soon be launching Ramky One Kosmos in Nallagandla, which is a uniquely designed project with vehicular free podiums and terrace gardens. A massive residential gated community in Narsingi very near to the financial district and abutting the ORR service road is also going to be launched by the latter soon.

Below are the prices depending on the location, builder and property specifications and sizes: