Emerging residential suburb in North-west Hyderabad : Kondapur
Kon
dapur is a suburban village located in Ghatkesar mandal of Ranga Reddy district. It is 20 kms north-west of Hyderabad. It is a fast developing area which is notable for its proximity to other prestigious suburbs of Hyderabad like Hitech city, Chanda nagar, Madhapur, Gachibowli etc.
Connectivity:
Kondapur is well connected to all major landmarks in the area. It is 12 kms from NH 9, along the Hitech city road. Kondapur main road runs across Kondapur and meets the Gachiblowli-Miyapur main road. The nearest airport is the Begumpet International airport that is located 16 kms away along NH 9. The nearest railway station from Kondapur is the Lingampally railway station, located just 7 kms away along Old Mumbai road. The upcoming Miyapur metro railway station is just 7 kms away along Gachibowli-Miyapur road.
Public Transport:
Kondapur has APRTC buses plying through the fringes with many bus stops along Old Mumbai road and Gachibowli-Miyapur road. The nearest MMTS train station is located at Khairatabad along Hitech city road, about 14 kms away. Taxis and autos are also available in the locality.
Social Infrastructure:
Kondapur offers many important public amenities in the vicinity. There are many reputed schools like Arbor International school, Richmond school, Sharada high school, etc in the area. Religious institutions like Raghavendra Swamy temple, Sai Baba temple, Katta Maisamma temple, Berean Gospel church, Our Lady of Good Health church, and a mosque near Kondapur bus station etc are located in the area. There are many reputed hospitals in the area like Apollo Clinic and Pharmacy, Civil hospital, Sunshine Dental clinic etc. Besides, there are many parks like the Night Safari park, Sri Kotla Vijaybhaskar Reddy Botanical park etc in Kondapur, besides many water bodies. There is also an open air theatre and a Champion Sports academy in the area.
Real Estate:
There are many residential colonies located in Kondapur like Professors Enclave, Golden Tulip Layout, CMC Enclave etc, besides residential and apartment complexes. Some of the prominent apartment projects that have been recently completed are Reliance Paradise by Reliance Builders, Aparna Hights by Aparna Constructions and Estates, Gauthami Abhiteja by Gauthami Developers etc. Apartments, villas and individual houses are the types of residential properties commonly seen in Kondapur. Majority of them are either 2 BHK or 3 BHK.
Price Trends:
The current average price per sq ft for residential apartments in Kondapur is Rs. 3,447 with a price depreciation of 1% compared to the last quarter, but a 2% appreciation compared to the corresponding period last year, and minor fluctuations in prices in the subsequent quarters. The current sale price for 2 BHK apartments between 1000 and 1400 sq ft ranges from 30 to 50 lakhs. For 3 BHK apartments between 1500 and 3000 sq ft, the sale price is between 45 lakhs and 1.2 crores.
The current average rental price per sq ft for residential apartments here is Rs. 13, with a price appreciation of 8% compared to the last quarter. Rentals for 2 BHK apartments between 1000 and 1400 sq ft are between Rs.12,000 and Rs.18,000. For 3 BHK apartments between 1500 and 2500 sq ft, rentals are between Rs.20,000 and Rs.40,000 per month. Maintenance charges would be above Rs.800 per month.
Future prospects:
Kondapur has the prospect of developing into a viable residential area due to its proximity to commercial hubs like Hitech city, Gachibowli, Chanda nagar etc. Many premium commercial and residential projects are likely to come up in the area in the near future. The Kondapur market area which houses mostly smaller builder projects is also set to see many commercial establishments coming up with sale prices in the range of Rs. 2,500-Rs. 3,500 per sq ft.
