Fast Expanding hub in North-west Hyderabad: Ameerpet
Ameerpet is a fast expanding commercial hub located 9 kms to the north-west of Hyderabad. Due to the expansion of the city in the northern suburbs, Ameerpet saw rampant commercial developments with widespread construction activity happening in the northern suburbs of Hyderabad. It is dotted with many software training institutes making it a favoured location for students to hang out.
Connectivity:
Ameerpet is well connected to all major landmarks in the locality. It is just 4 kms from NH 9, along the Vijayawada highway. The airport nearest Ameerpet is the Begumpet International airport that is located just 5 kms away along NH-9. The nearest railway station from Ameerpet is the Begumpet railway station, located just 1.5 kms away along Ameerpet road. The upcoming Miyapur metro railway stationis located 13 kms away along NH-9.
Public Transport:
Ameerpet has APRTC buses plying to all major destinations in the vicinity. The nearest MMTS train station is located at Khairatabad along NH 9 about 2 kms away. Taxis and autos are readily available in the locality.
Social Infrastructure:
Ameerpet offers many important public amenities in the vicinity. Many reputed schools like St. Alphonsas High School, Sister. Nivedita School, Good Samaritan High School etc are seen in the area. Besides many recognised colleges like Nalanda Jr. College, Royal Jr. College, Narayana Jr. College etc are located in Ameerpet. Religious institutions like Vinayaka temple, Yousufguda Sai Baba temple, Ameerpet mosque etc are located in the vicinity. There are many quality hospitals in the area like Axon hospitals, Prime hosiptals etc. Satyam theatre is an important theatre in the area. Besides, there are many parks and shopping centers in the area.
Real Estate:
There are many residential apartments scattered in Ameerpet. Some of the prominent apartment projects that have been recently completed are Pleasant Residency by Amulya Constructions and Infrastructure Developers, Aditya Park View by Sri Aditya Homes, Pallavi Estate by Lakshmi Builder and Developers etc. Apartments, villas and individual houses are the types of residential properties commonly seen in Ameerpet. Majority of them are either 2 BHK or 3 BHK.
Price Trends:
The current average price per sq ft for residential apartments in Ameerpet is Rs. 3,741, with a price depreciation of 4% compared to the last quarter, and a steady depreciation in the last three quarters. However, a 4% appreciation is seen compared to the corresponding period last year. The current price for sale of 2 BHK apartments between 600 and 1000 sqft ranges from 25 to 50 lakhs. For 3 BHK apartments between 1000 and 2000 sqft, the sale price is between 50 lakhs and 1.5 crores.
The current average rental price per sq ft for residential apartments here is Rs. 11, which has been steady since the corresponding period last year. Rentals for 2 BHK apartments between 1000 and 1500 sq ft are between Rs.10,000 and Rs.25,000. For 3 BHK apartments between 1500 and 2500 sq ft, rentals are between Rs.15,000 and Rs.30,000 per month. Maintenance charges would be above Rs.800 per month.
Future prospects:
Due to the pace at which development activities are taking place in Ameerpet, especially commercially, it is likely to transform into a major commercial hub in suburban Hyderabad, thereby pushing prices upward. As a result, major developers are set to commence with prestigious projects in the near future due to the surging demand. Also the upcoming metro in the vicinity will further increase demand for property in the area.
