Property values in Tellapur

Q: The capital value of residential properties in Tellapur, Hyderabad have seen an upward. Kindly discuss on this topic.

Kashif Mohammed, Hyderabad

22nd January 2014

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Replies (3)

I think end use or as an investment, if you are putting money in a property in this region today it seems it be very good idea.

Javed,

22nd January 2014

Comment

Increased demand is fuelled by those working in the various IT companies and MNCs in the vicinity. Also the proximity to IT and commercial centers, what works in favour of the locality is the availability of several new projects as well as comparatively lower values.

Jackie,

22nd January 2014

Comment

Also Gachibowli and Madhapur got capital values which have gone beyond Rs 5000-6000 per sq ft, apartments are still priced at Rs 3000-3500 per sq ft in Tellapur.

Joydeep D,

22nd January 2014

Is it good for long term investment or end use ?

Pranab Malakar,

22nd January 2014

@Pranab: End users prefer the locality due its proximity to office places, lower capital values and lack of traffic congestion and pollution, investors are eyeing the locality for the immense scope of appreciation it offers in the future. With multiple under-construction projects prices are bound to rise when these near completion.

Joydeep D,

22nd January 2014

Hey, the per sq ft value for an apartment is around Rs 2000 which has now become around Rs 3000 per sq ft. This means that a 1000-sq-ft house that was worth Rs 21 lakhs 18 months back, now it has increased to more than Rs 30 lakh.

Vivek Kulkarni,

22nd January 2014

Comment