Where to buy Plots in Hyderabad?
Plots always score better over other property types when it comes to healthy returns on investment, and more so, if one can get a plot within affordable price bracket of Rs 10-30 lakh. Thus, if you are one of those looking to garner healthy returns, let CommonFloor assist you. Here are two areas that cannot be missed if you are looking for plots in Hyderabad.
Adibatla
Strategically located off the Sri Sailem Highway, Adibatla tops the list for residential plots. So, what has helped the area mark its presence on the realty map of the city? Well, the TATA Aerospace and Precision Engineering SEZ got Adibatla into the limelight. With inception of country’s first aerospace and precision engineering special economic zone (SEZ) in Adibatla, the area suddenly became a prominent real estate destination in Hyderabad.
Currently, the capital values for plots sized 200-400 sq. yard are in the range of Rs 5,800-6,800 per sq. yard. Thus, a 200 sq yard plot is available at about Rs 11 lakh. On an average, the price range falls within the bracket of Rs 11-27 lakh. Interestingly, plots within a radius of a kilometer from the TATA SEZ are commanding premium, as compared to the one away from it.
Not only this, Adibatla is also being touted as the next IT hub in Hyderabad. Thus, development is guaranteed, which in turn ensures capital appreciation. Few developers offering plots in the area are SLN Realtors and Developers Pvt Ltd, Bhasyam Developers, Sri Venkateswara Home, to name a few.
Gachibowli-Shamshabad stretch
Gachibowli–Shamshabad stretch is another area that is cashing on the establishment of Tata’s Aerospace unit. One can find plots sized 380-555 sq. yard in the range of Rs 3,000-5,000 per sq. yd. Thus, a 380 sq. yard plot is available at Rs 11 lakh. On an average, plots are available in the range of Rs 11-27 lakh.
On this stretch, the values mainly depend on the area’s proximity to Gachibowli. Being a prominent IT hub and well-developed catchment in Hyderabad, plots closer to Gachibowli commands higher values. However, since social infrastructure is yet to develop in Shamshabad, plots towards this area is available at lower price band.
Few prominent developers active on Gachibowli-Shamshabad stretch are Suvarna Bhuvi Developers, Aparna Builders and DLF.
Word of Caution!
“Unless the plots are laid properly and are by established developers, there are very high chances of legal hassles. Thus, in order to avoid such circumstances, plots approved by HMDA (Hyderabad Metropolitan Development Authority) are recommended,” says Ravi Varma of Perfect Pincode.
Further, there are several benefits of investing in HMDA-approved plots. First and foremost being ensured development. A developer/buyer has to build amenities, such as proper water and drainage system, along with well-laid roads and lighting as an obligation in HMDA approved plots. This in turn assures good capital appreciation. Last but certainly not the least, for HMDA-approved plots, banks grant loans easily.
As it’s always better to be safe than be sorry later, investing in HMDA-approved plots can fetch you maximum profit and that too without any legal hassles!
