Q: Hello everyone, I dont belong to Hyderabad. I am a merchant I have to move to Karkhana area in Hyderabad in the next two months and would like to know how this area is, Please help me
See, investing in a place like karkhana is never a bad idea. Places like these will fetch you some really good profit in the future. I think in the case of karkhana you can invest in some residential property for some good returns in the future.
I agree, Karkhana is pricey. You should take a place for rent in here, you know. It will be cheaper. I think the present rent in this area is around rs 10 per sq ft for apartments and rs 11 per sq ft for houses ...so your monthly rent will come around 12,000 to 15,000 rupees.
Some residential colonies in Karkhana like Vasavi Nagar and RnD Colony have some good independent houses for sale. the market price for the independent houses in Karkhana is around 6,500 rupees per sq ft. A bit pricey if you ask me.
The best feature of karkhana is the connectivity. It is in the heart of the city and the Secunderabad Railway station and the Bus station are 4 km from here. You can also get buses to other towns from the Jubliee Bus Stand, which is less than a km from a here.
I think you will not really find much area in terms of plots in here, It is a very famous area and it is really crowded, so there isnt much land here. But if you do find land, then the price is around 6,000 rupees per sq ft.
Yes, the price for the apartmnts in here is around 3,600 rupees per sq ft. but if you compare this price to the price of the other places in Hyderabad, then you will find that it is more. But it is in a prime location, hence you can expect such prices.
Karkhana is originally a commercial area, and it has some good residential units as well. I think the commercial sector in this area thriving. You should think of investing in some business in here, the price of commercial property in here is around 6,000 rupees per sq ft.
There are some apartments in here offering flats for sale if you are looking for a new place, Sri Alivelu Residency, Sada Shiva Residency, Gayathri Elegant, Springdale Apartments are some of the good projects around. They have some units in 2 and 3 bhk for sale.
Karkhana is pretty developed. Has some really good schools and colleges in the locality too, Gowtham School, Nalanda high School, Morning Star High School, Delhi Public School, Jyothi Convent School and the Jain International School are some of the schools that are nearby.
Karkhana is the center location of the city... if you want to know about the development, then it is pretty developed. You will get everything here from grocery shops to world class hospitals. I think you will live here comfortably.