Miyapur and Beeramguda: Residential realty comparison
Miyapur and Beeramguda and two residential micro markets located on the western fringe of Hyderabad. Both these areas are about 9 km away from each other and are connected through the Mumbai highway. While Miyapur is about 23 km away from the heart of the city, Beeramguda is about 28 km away, along the Mumbai highway.
Beeramguda is located in the vicinity of the renowned public sector enterprise, Bharat Heavy Electricals Ltd (BHEL). Considering that there is not much of infrastructure development in the area, there are large parcels of vacant land here. On the other hand, Miyapur is much more developed with many IT, pharma and apparel companies.
Connectivity:
Both Beeramguda and Miyapur are located in close proximity to the Mumbai highway, with Miyapur located along the highway. The nearest airport from both these area is the Begumpet International airport, which is about 18 km away from these areas. The nearest railway station from these areas is the Lingampally railway station, which is located about 5-7 km away. The proposed Miyapur metro station would enhance the connectivity, especially from Miyapur to other areas across the city.
Social and Physical Infrastructure:
Miyapur has many social and physical infrastructure facilities in its vicinity. Some of the reputed schools in the area are Fusion International school, Sentia Global school, Sri Shanti Niketan school etc. Shri Chaitanya Boys Residential college is a recognised college in the area. Religious institutions like the Lord Hanuman temple, Saibaba temple etc are located in Miyapur. Some of the important hospitals in the area are Ragi hospital, Mirra hosiptal, Raja hospital etc. There are also many shopping centers in the area, besides many parks and water bodies.
In comparison, the social and physical infrastructure of Beeramguda is not quite developed. Some of the schools in the area are ZPHS High school and Smartkidz Playschool. The Venkateshwara Swamy temple is an important religious institution in the area. Vijetha Super market is a prominent shopping center in the area to cater to the shpping requirements of the residents of this area.
Real Estate:
Some of the important residential colonies in Miyapur are Narendra Nagar colony, Indira Nagar colony, Stalin colony etc. Besides, there are also some townships and housing societies in the area. Some of the completed residential projects in the area are My Home Jewel by My Home Constructions, SMR Vinay City by SMR Builders, Janapriya West City by Janapriya Engineers Syndicate etc. Apartments, villas and individual houses are the types of residences that are commonly seen in the area with most of them being either 2 BHK or 3 BHK.
In comparison, the residential market in Beeramguda is not so well developed, with many open spaces seen across the area. Some of the completed residential projects in the area are Mehar Valley by Kiran Constructions, Navya Homes by Navya Constructions, Praneeth Greenfields by Praneeth Developers etc. Apartments, villas and row houses are the types of residences that are commonly seen in the area with most of them being either 2 BHK or 3 BHK.
Price Trends:
The current average price for residential apartments in Miyapur is Rs.3,270 per sq.ft, with a price depreciation of 1% compared to the last quarter. The current sale price for 2 BHK apartments between 1000 and 1300 sqft ranges from 30 to 50 lakh. For 3 BHK apartments between 1300 and 1800 sqft, the sale price is between 40 lakh and 80 lakh. Rentals for 2BHK apartments range between Rs.8,000-15,000 per month, while those for 3 BHK apartments range between Rs.15,000-25,000 per month.
The current average price for residential apartments in Beeramguda is Rs.2,500 per sq.ft, with a price depreciation of 5% compared to the last quarter. The current sale price for 2 BHK apartments between 1200 and 1500 sq.ft ranges from 30 to 50 lakh. For 3 BHK apartments between 1500 and 1800 sq.ft, the sale price is between 40 lakh and 80 lakh. Rentals for 2BHK apartments range between Rs.5,000-8,000 per month, while those for 3 BHK apartments range between Rs.8,000-12,000 per month.
Future prospects:
Miyapur is an area that has tremendous prospects for real estate development with many developers looking at investing in new projects in the near future with an eye on the lucrative returns that the area offers. There is a huge demand for residential property in the area due to the area being in the vicinity of IT hubs like Hitech city and Gachibolwi, which developers can tap to the maximum.
Beeramguda has also immense prospects for prospective buyers who are interested in investing in plotted land with an eye on long-term returns. Due to the large parcels of land available in the area, buyers can also think of investing in individual houses. From a developer perspective, the area has the potential to be developed into a residential hub, due to the land prices being considerably lower in the area.
