Banjara Hills and Jubilee Hills saw a price decline of 3.4% each. It will be a good idea to invest in localities like Uppal and Sainikpuri are the major localities in this zone and both witnessed a price increase of 4.4% and 3.5%, respectively.
Thanks for sharing the information. I heard that West zone in Hyderabad is doing pretty good in terms of real estate. What do you want to say about it?
West Zone has also seen 31.% price increment in the Rs 4,000-5,000 per sq ft price. This was because of two localities in this segment namely Kondapur and Gachibowli saw a price increment of 2% and 3.5%, respectively.
According to me, if will be a good idea to invest in localities like Gachibowli, Kompally, Kondakal, Mutangi, Bowrampet, Miyapur, Appa Junction, Kukatpally, Beeramguda, Chanda Nagar, Nallaganda, Bachupalli, Srisailam, Narsingi, Shamshabad, Yadagiri Gutta, Hitec City, Bodupal, Adibatla, Rajendra Nagar, Kondapur, Mokila, Shad Nagar and Sainikpuri, as new projects are have entered in all the above said localities.
Localities like Madhapur, Kondapur, Nalagandla, Appa Junction, Miyapur and Uppal have been the new focus destinations for realty in Hyderabad. So you can also look for these localities as well.
Besically, right now Hyderabadis seeing a lot of development in the city, with many new projects and all this will indirectly effect the real estate market of the city, where the prices will sore in the coming few months.
The Telangana state government has announced plans to create several industrial corridors in two phases. In the first phase, the aim is to create Hyderabad-Warangal, Hyderabad-Nagpur, and Hyderabad-Bengaluru Industrial Corridors. In the second, the aim is to create Hyderabad-Mancherial, Hyderabad-Nalgonda and Hyderabad-Khammam Corridors.
Yes, there are a lot of info parks that are coming up in the city, Since these parks require large amounts of funds, there could be many opportunities for investors in the sector to build something on the cutting edge.
To build on the city’s strengths, the government will expand Genome Valley park by adding another 200 acres at its location in Shamirpet on the outskirts of Hyderabad. There is also a proposed integrated pharma city about 20 km from the new Shamshabad airport that will contain a common effluent treatment plant, vaccine testing facility, and pharma university
Specially around the western side of the city, where already there is a good IT corridor that has been established. Areas in and around Gachibowli and Miyapur have a huge demand in the office spaces, and will see a lot more development in the future.
Yes, the residential market sector in Hyderabad is not doing so well right now, but the office spaces and the commercial sectors are doing really well. So if you want to invest in the commercial sector, then it is a safe option.
There is a lot of demand for the office spaces in Hyderabad right now. Many new firms are coming up in the city, and there are a t of foreign investors who want to invest in the city right now.
Right now, if you look at the residentail market sector, then that particular sector is not doing so well. There is a lot of unsold inventory, and this has to be sold first.
You are right. I am in a hunt for 3BKH flat where I see lot of water problem all over the places.There is lot of unsold inventory which has got very tough time to sell out as there are issues like Water (the main issue) :Some places like Kondapur Shipa Park and surroundings monthly maintenance comes to Rs.6000+ (Rs.2500 regular maintainance and water extra comes to Rs.3500+) per month Some flats (so called as gated community has got swimming pool, which are empty due to lac of water.) I do not know how the new community will get water for the swimming pools..:) Quality of construction (only few reputed builders are giving good quality) In Kondapur/Gachibowli Rs.2800 per sq ft. is the reasonable price where most of the places Real estate agents involve with landlords and simply hype the price. Such places builder is ready for negotiations, where as these peoples are not(nothing they loose from their pocket hence). At the end the result is unfinished property.
Hello Praneeth. Yes, there is a lot of scope for many different sectors in Hyderabad. One sector that the Telangana state government has shown to be especially interested in is life sciences, with a new policy aimed at attracting investments worth Rs. 20,000 crore (US$3.24 billion) by 2020.