Q: Hey all, My father recently sold our old 5BHK individual house in Jubilee hills. We want to reinvest the money into some luxury project somewhere around Maredpally road. I hear Mahindra hills is one of the posh areas around there. More details about the area and projects there would be of great help.
Hey, you might also consider investing in residential plots or land around this area. I hear east Maredpally and Mahindra hills have a lot of residential plots up for sale. The average per sq. yard starts from around Rs. 10,000 for plots in the inhabited part of mahindra hills, and goes up to Rs. 55,000. Ideally, when you invest in a house here, you will find the basic amenities at a distance of at least 2-3 kms away from your residence, giving it a secluded yet close to the city feel.I think investing here is a good option in terms of capital appreciation. Only thing I suggest is you hold on to your next investment and sell it later, as property prices in this area would definitely rise up in the future.
Hey, I have been looking to invest in one of the gated villa communities in Secunderabad, and came across Fortune Villas in Mahindra hills, I thought the details might help you as well. You can find villas with area ranging from 1752 sq.ft to 3190 sq.ft, price for which ranges from Rs. 68 lacs to 1.5 crores. They offer 2, 3 and 4 BHK variants, and the villas are ready to move in with great amenities in the complex. They also have apartments at sale which are being sold at prices as low as 40 lacs. Also, as per my research there seem to be no water problem in the area, and the area is ideal for people looking for a peaceful and quiet lifestyle.
If you invest in Mahindra hills, there are chances that you might find yourself in a neighbourhood of retired film barons, business tycoons and the likes. It is good that you are moving to a completely opposite side of the city, I can assure you the area is great and is a great deal like banjara hills in terms of both luxury living and property capital appreciation. If you are looking to buy independent house/bungalow like your old one then you will find good houses ranging from Rs. 1.3 crores to Rs. 6.7 crores and more. There are also few gated community villa projects, but I don’t know much about this project. Can someone else provide information about these?
Hi there. I’m sure a 5BHK in Jubilee hills must have got you a lump sum amount in return. For whatever reason you sold it, but reinvesting in another good luxury project is a wise decision. The real estate prices are soaring higher and higher everyday, and now especially after the much awaited political stability, real estate market will boom further. Like you’ve heard Mahindra Hills is definitely one of the best residential area around east maredpally. The location is home to lot of luxury individual homes and villas in gated communities. Maredpally was once a very dense forest with hills around, I have visited this area a couple of times, and it definitely is habited now, but still feels very serene and nice.