Shreya Tower

By: Sree Vensai Projects Limited in Kompally

Shreya Tower is a seven storied block, with apartments having no common walls. It has the finest design, excellent interiors, quality construction, and functional spaces to ensure the bliss of home life. What comes along Shreya Tower is amazing. It consists of 75 flats and 2 level car parking. A secure habitat with green surroundings and amenities gives you an experience that is rare to find elsewhere

Flanked by Medchal Road on its east, Kompally is one of the upcoming suburbs in Hyderabad. The locality is engulfed by the likes of Jeedimetla, Suraram, Bolarum and Dulapally, and houses the famous Fox Sagar Lake, Jayabheri Park and Defence Area.

Kompally has strong social infrastructure, with notable educational institutions such as St. Martins Engineering College, Indian Institute of Aerospace Technology, Sri Chaitanya Jr College, Siva Sivani Institute of Management and Sri Chaitanaya Degree College, along with healthcare centres such as Ayucue Ayurvedic Hospitals, Shri Sigma Hospitals and Mediplus situated in the locality.

The neighbourhood receives adequate water and electricity supply, which is provided by the Hyderabad Metropolitan Water Supply (HMWS) and Andhra Pradesh State Electricity Board (APSEB) respectively.

The commercial infrastructure in Kompally is quite impressive and complements the social infrastructure. Few malls and stores such as Cache Furniture Limited, Big Bazaar, Colors, The Fashion Store, Bata Showroom, ESSAR Hypermart, and Heritage Fresh are scattered across Kompally. An array of restaurants such as Mehfil Dhaba, Thinespo, Domino’s Pizza and Bahurani Restaurant dot the streets.

Connectivity and transit points

NH-7 connects Kompally to Secunderabad and Nagpur, while Doolapally Road and Bolarum-Kompally Road link the area with the likes of Dullapally, Bolarum, and other regions in and around Hyderabad.

Kompally Bus Stop and Bommidala Bus Stop are prominent bus stations in the area. Locals can commute to Secunderabad by boarding buses from these two bus stations. Auto-rickshaws are also a common means of transport in this locality, and several share autos ply the streets of the locality all day long.

Rail travel is facilitated by Bolarum Railway Station, which is situated 5 km from the area. This station facilitates travel to various areas in Hyderabad and Secunderabad. Rajiv Gandhi International Airport is located 48 km from here and can be reached within an hour via NH-7.

Major landmarks

•         Fox Sagar Lake
•         Jayabheri Park
•         Defence Areard
•         Shridi Sai Baba Temple
•         Cine Planet Multiplex
•         Dhulapally Multipurpose Hall
•         Dhola-Ri-Dhani
•         Devender Colony
•         Jaibery Colony
•         Sri Chaitanya Jr College
•         Ruby Block
•         J J Gardens
•         Siva Sivani Institute of Management
•         St. Martins Engineering College
•         Sri Chaitanaya Degree College
•         Shri Sigma Hospitals
•          Ayucue Ayurvedic Hospitals
•         Mehfil Dhaba
•         Satyam Enclave
•         Heritage Fresh
•         Thinespo
•         Sri Venkateshwara Garden
•         RD Convention Centre
•         Indian Institute of Aerospace technology
•         Laxmi Gardens

Factors for growth in the past

Once known for its grape garden and farm houses, Kompally has swiftly transformed into a real estate hotspot in the past decade. Development of NH-7 paved the way for significant growth in this locality, improving Kompally’s connectivity to a great extent. This road connected the area with the likes of Nagur and Secunderabad, influencing the locality's real estate development.

Abundance of land was another factor that contributed in the growth of this area. Reputed builders such as NCL Homes Limited, Ashoka Builders, Krupa Builders and Modi Builders set up several residential projects in Kompally, improving the locality’s real estate market.

An active transport system within the locality also played a vital role in this locality’s growth. Establishment of schools, colleges, hospitals and malls followed shortly, and provided the real estate market of Kompally with the much required boost.

Residential and Commercial Market

Residential market trends

Kompally contains a myriad of apartments, villas, independent houses, and residential plots. Apartments are the dominant property type, selling at an average rate of Rs 2, 370 per sq. ft. The average rate of independent houses in Kompally is Rs 4,300 per sq. ft, whereas the average rate of plots is Rs 6,700 per sq. ft. The price range of 2-4BHK apartments units in Kompally lie between Rs 24 lakh and Rs 85 lakh, whereas the price of 2-4BHK houses range from Rs 21 lakh to Rs 1 crore. Residential plots range from Rs 71 lakh to Rs 6 crore.

The rent culture in Kompally is prominent, with the rent rate of apartments being Rs 7 per sq. ft., and the rent rate of houses being Rs 9 per sq. ft. The rental price for 2-4 BHK apartment units range from Rs 7,000 per month to Rs 22,000 per month. The rent for 3-4 BHK houses range between Rs 15,000 per month and Rs 35,000 per month.

Commercial Market Trends

Kompally’s commercial market has shown a lot of improvement in the past few years. The average rate of commercial plots in this area is Rs 12,600 per sq. ft., with the average price falling close to Rs 23 crore.

The rent culture for commercial properties is gradually picking up. The rental rate of offices is Rs 26 per sq. ft, and the rental price ranges from Rs 2 lakh per month to Rs 3 lakh per month.

Major challenges

One of the major problems faced by the residents of Kompally is the growing pollution, caused by the burning garbage in the area. The environmental pollution caused by this open burning garbage has been a cause of worry, impacting the health of the residents.

Factors for growth in the future

Kompally is an area bustling with residential projects such as Shwetha Aryan, Sri Gajanana Residency, RK Panchsheel Park, Hi Vision Residency, and NCL Sindhu, among others. The completion of these projects will transform Kompally into a well-developed residential hub.

There are plans to construct 14 gateways in Hyderabad, of which one will be coming up on Medchal-Kompally Road. This project is being taken up in an attempt to not only beautify the city but also in order to make Hyderabad more safe and secure by keeping a track of the incoming and outgoing traffic. While this might not directly influence the real estate market of the area, it will definitely add to the locality’s overall appeal.

Some of the Residential Projects at Kompally are listed below:

Suvela Suketan

Nagarjuna Dream Land

Trident Grande

Grand Vie

Saraswathi Parivar

More Residential Project, Click Here