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.
Latest Answer: 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.
