Sri Rama Palace

By: Sri Rama Developers in Kondapur

Introduction: Sri Rama Palace, is a sprawling luxury enclave of magnificent Apartments in Hyderabad, elevating the contemporary lifestyle. These Residential Apartments in Hyderabad offers you the kind of life that rejuvenates you, the one that inspires you to live life to the fullest. Sri Rama Palace by Sri Rama Developers in Kondapur is meticulously designed with unbound convenience & the best of amenities and are an effortless blend of modernity and elegance. The builders of Sri Rama Palace understands the aesthetics of a perfectly harmonious space called ‘Home’, that is why the floor plan of Sri Rama Palace offers unique blend of spacious as well as well-ventilated rooms. Sri Rama Palace offers 2 BHK and 3 BHK luxurious Apartments in Hyderabad. The master plan of Sri Rama Palace comprises of unique design that affirms a world-class lifestyle and a prestigious accommodation in Apartments in Hyderabad.

Amenities: The amenities in Sri Rama Palace comprises of Intercom, Gated community, 24Hr Backup Electricity and Security.

Location Advantage: Location of Sri Rama Palace is a major plus for buyers looking to invest in property in Hyderabad. It is one of the most prestigious address of Hyderabad with many facilities and utilities nearby Kondapur .

Address: The address of Sri Rama Palace is Kondapur, Hyderabad, Telangana, INDIA..

Bank and Legal Approvals: Bank and legal approvals of Sri Rama Palace comprises of Sorry, Approvals and Loans information is currently unavailable, Sorry, Legal approvals information is currently unavailable.

Kondapur is a suburban area that is located in the Ranga Reddy district of Hyderabad Metropolitan Region. A prime residential area, Kondapur is fast emerging as an important hub for start-up businesses and working class people. This place has undergone terrific real estate expansion in the past few years, leading to an overall rise in realty demand. This facelift has also left Kondapur with a well-planned mix of residential and commercial pockets. Nestled close to the Madhapur-Kondapur stretch, this place is surrounded by IT hubs like Gachibowli and Hi-Tech City. The ease of access provided by Kondapur simply makes it an ideal residential location for the IT workforce.

Social infrastructure in Kondapur is also in good condition, with an array of schools, institutions, hospitals, supermarkets, theatres, and exhibition centres buzzing with life in the locality. Necessities like water and electricity are also provided in ample amount. The well-set social and civic infrastructure of Kondapur has enhanced the interest of potential investors of late.

Key Projects in Kondapur : 

Connectivity and Transit Points

Kondapur is fairly well connected to other parts of the city, with a network of roads both narrow and wide. While NH-9 passes from nearby, Kondapur lies in close proximity to Old Mumbai Road, Gachibowli-Miyapur Road, and Hitech City Road. This ensures that the place remains well connected to all the other important locations in the city. The Outer Ring Road also serves as an excellent route for commute.

The public transport system here is also good, with the APSRTC (Andhra Pradesh State Road Transport Corporation) buses covering all the areas well enough and frequently. Frequent buses lead directly to important places like Koti, Secunderabad, Patancheru, Dilsukhnagar, and the International Airport, which is at a distance of approximately 30 km from here.

The nearest railway station is located at Hafizpet, which is around 4 km from Kondapur. The metro line will also be available soon from Hi-Tech City stop. Apart from these, the locals also frequently use auto-rickshaws.

Major Landmarks

•          Civil Hospital
•          Arbor International School
•          Night Safari Park
•          Sri Kotla Vijaybhaskar Reddy Botanical Garden
•          Mount Carmel International Preschool
•          Sanskriti Educational Society

Factors for Growth in the Past

It wasn’t until the latter part of the 1990s that Kondapur began to emerge as a prime location in Hyderabad. With the bloom in IT industries in surrounding areas like Gachibowli, workers started looking towards Kondapur as a residential option. After 1996, some projects were undertaken to enhance the infrastructure of the place. This proved to be vital in boosting real estate investment in the area. Add to this the locality’s proximity to important centres in Hyderabad and one can be rest assured that Kondapur is among the foremost residential areas in the region.

Residential & Commercial Market

Residential Market Trends

The surge of employees migrating to Kondapur has resulted in a change in the residential scenario. More and more people are now opting for apartments, with decreasing preference for houses and villas. Presently, most of Kondapur is crowded with multi-storey apartments of both semi-luxury and luxury calibre. Although there is a steep rise in the number of apartments, there are still a good number of houses, villas, and plots to be found.

The price of apartments in Kondapur has been going steady, until an overabundance of buildings led to a dip in the rates in February 2014. But eventually, the prices soared back up, and are currently at an average of Rs. 3580 per sq. ft. The rent for apartments in this area is currently averaged at about Rs 11 – Rs 13 per sq. ft.  Typically, a 2 BHK apartment would cost anywhere from Rs 10,000 to Rs 16,000. While a premium 3 BHK apartments in Kondapur can cost as high as Rs 30,000 to Rs 45,000.

Commercial Market Trends

Being a residential hub, commercial spaces in Kondapur are relatively not many. The rent prices for commercial office space in this area peaked in the third quarter of 2012, but has experienced a steady downslide ever since. In the first quarter of 2014, the rent rates averaged at around Rs. 42 per sq. ft.

Major Challenges

Perhaps the most important challenge faced by the people of Kondapur is the unavailability of concrete roads and a proper drainage system in some of the residential areas. The state government has started taking steps to resolve these issues, and so the future looks positive.

Factors for Growth in the Future

The fact that the entire city of Hyderabad is on a steady scale of development shines positively on the future prospect for Kondapur. This place still has a lot of space to offer, and numerous builders and promoters are cashing in on it by launching projects all across the locality.

Luxury apartments and houses are popping up everywhere, and the flourishing IT sector in surrounding areas is making a lot of investors eager. Overall, Kondapur is on its way to becoming the next big suburb in Hyderabad.

The metro line will also be available soon from Hi-Tech City stop which will affect the real estate of this locality too.