Though the area is still in developing stage, Tellapur area is good for investment because of its proximity to the IT hub and business districts. The area is also close to the Outer Ring Road (ORR) and have access to all parts of the city.
The rate per sqft going on for apartments is Rs 2,500 per sq ft on wards, while price of villas falls in the bracket of Rs 1 crore to 3 crore approximately. The rental for a 2-BHK is about Rs 12,000 and Rs 15,000 for a 3-BHK. For villas, the rent will be somewhere around Rs 30,000 per month
PROS: 1) The roads are very good and there is hardly any traffic so travelling is not any issue. 2) After 5 years the property prices in this locality is going to touch the sky.
CONS: 1) Hardly any autos or buses plying in the area, 2) Roads are expected to become narrow when this locality and its surrounding areas witness rapid development from home buyers.
The area is also attracting customers to this city because it is free from noise pollution, less polluted and good ground water level and interior roads.
The proposed 400 acre mega township at Tellapur Technocity was not completed on time due to which few pockets with Tellapur is coming up with new real estate projects in the city