Q: My aunt stays in Shamshabad and she has told me a lot about how the place has developed since many years. Sounds like a nice place to invest in. I want to know some factors that would contribute to its development.
Shamshabad, a suburb in South Hyderabad, is the location of Hyderabad’s Rajiv Gandhi International Airport. The locality is planned around the airport, as several infrastructural and residential projects are being proposed.
The area experiences irregular supply of water, and residents of the locality have to resort to buying water from private agencies, which is quite an expensive affair.
Shamshabad has excellent potential for growth and investors are likely to see between 6 – 10% returns. Average apartment prices in this locality range from Rs. 2900 TO 3300/- per sq. ft. Average land prices are Rs. 4000/- per sq. ft.
Oh yes, definitely! If they actually do extend the metro line up until Shamshabad, that will play a pivotal role in the development of that locality as it means easier connectivity.
Apart from the upcoming housing projects and the plan to extend the MMTS, if the Hyderabad Metro Rail proceeds with their plans to extend the metro line up to Shamshabad, that will add to the plus points of the area.
Hey I researched a bit on Shamshabad as I have moved in here recently and I can tell you two main factors that will play a part in the neighbourhood's development: the upcoming residential projects and the proposed plan to expand the MMTS to Umadnagar and airport side.
The area is developing quick and if the plan to expand the MMTS to Umdanagar and further down is executed, it will play a vital role in Shamshabad's development.