Q: Hey I've been reading somewhere that Hyderabad is one of the few places in the country to offer so many property options under just Rs 40 lakh? What sort of properties is this? Can I have more information on this please?
Kohinoor By Aurobindo Realty is a composition of seven tallest towers of Hyderabad which offer 2 BHK, 3 BHK & 4 BHK flats with excellent amenities and safety features.
East, South and West zones of Hyderabad are perfect for buying properties within a fixed budget. Affordable housing options are spreading far and wide all ovr the city. This is very good new ofr the real estate sector of Hyderabad.
In terms of appreciation rates though, I think hyderabad is lacking behind Delhi, Mumbai and Chennai. But still the market has really picked up after the division of the state and new budget.
All of these localities that are located close to Gachibowli and Hitech city seem to be doing really well real estate wise. Lingampally for example has really cheap property rates costing 2,200-3,000 per square feet. Even localities like Rajendranagar, Shamshabad and Nizampet are like that.
Hey also a lot of demand for villas comes from foreigners, especially those from Australia, London, France, and United States working in IT companies in india.
With a budget of 40 lakh there are many options to choose from in Hyderabad. Gachibowli and Nizampet both have a number of infrastructure projects coming up and are quite well developed but then it costs Rs 1000 more per square feet to buy property in Gachibowli.
Many people are willing to buy individual properties because even though construction cost is expensive in the city, the land values are quite cheap. And the cost of living in the city is less, so many lower and middle income groups go in for independent houses.
50% of property supply is in the form of independent villas, and 60% is demand for it. Places like Uppal, Malkajgiri, Attapur, Nagole and AS Rao Nagar in East, Chanda Nagar, Kothur, Kukatpally, and Gachibowli in West and Lingampally, Vanasthalipuram, LB Nagar and Mehedipatnam in South have received maximum demand for these budget properties.
Yeah for a unit size of 1,250 – 1,970 sq ft, it sells at Rs 2,200-3,000 per sq ft. Which is quite affordable. Many villas you will find with an affordable price range. Some of the builders offering property at this range are Suchirindia Infratech P Limited, SKS Projects Pvt Ltd, SLNS Constructions and Abhigyan Constructions.
Yes most citites you cannot even think about owning an independent house for less than 40 lakh, but In hyderabad you have many options for this, especially in localities like Ghatkesar, Uppal, Rajamundary and Manneguda.