The recently inaugurated 10 km metro corridor from Ameerpet to HITEC City will not only establish seamless connectivity through the high-traffic areas of Hyderabad, but would also fillip realty growth in the micro-markets alongside.
The long-awaited metro link between Ameerpet and HITEC City has finally seen the light of the day. The recently inaugurated Phase III of the Hyderabad Blue metro line will comprise nine stations over the 10 km-long stretch and will not only decongest the crucial urban pockets but will also trigger real estate growth along the stretch. Key micro-markets that will benefit from the metro expansion include HITEC City, Durgam Cheruvu, Madhapur, Peddamma Temple, Jubilee Hill Checkpost, Jubilee Hills, Yousufguda Madhura Nagar and Ameerpet.
Initially, the trains will run at a frequency of nine to 12 minutes as against six minutes in other phases of the Blue line metro. However, necessary efforts would be made to add more trains to cater to the wider segment of the commuters since Ameerpet-HITEC City corridor is touted to be the busiest stretch of the Blue line.
Key real estate beneficiaries along the Blue line of Hyderabad metro corridor III are -
Madhura Nagar - In the Northwest corners of Hyderabad, Madhura Nagar lies in proximity to the National Highway (NH) 65, Begumpet Airport (6 km) and Necklace Road (9 km), which is a prominent sightseeing destination for tourists and locals. While the strategic geographic location of Madhura Nagar has turned realtors’ heads, the traffic problem in and around the area kept homebuyers at bay. Despite the construction of a railway under bridge and several diversions to ensure hassle-free connectivity in the area, residents remained perturbed by heavy vehicular traffic during peak office hours. However, the recently commenced metro connectivity is not only projected to reduce the vehicular traffic in the area, but improve real estate sentiment, too.
Yousufguda: “Home to National Institute of Small and Medium Industries and scores of residential colonies, Yousufguda will significantly benefit from the new-found metro connectivity. Not only will it ensure a hassle-free ride to important places of the city such as Ameerpet, Jubilee Hills and HITEC City, but will also have a significant influence on the real estate prices in the area. Property values in Yousufguda are expected to grow by 10-15 percent in the coming year. Besides, the Yousufguda station also includes a one-acre parking facility. Travellers can park their vehicles here to leverage the metro connectivity,” shares Praveen, a real estate broker, Branded Homes.
Jubilee Hills Road and Check Post: Surrounded by various commercial and corporate offices and multiple film studios, Jubilee Hills remains thronged by the large workforce. The area is also famous as a shopper's paradise. However, against the huge popularity, the burgeoning vehicular traffic coupled with limited parking facility remains a grave concern for regular commuters and property owners in the area. But, the traffic condition is expected to considerably reduce since Hyderabad Metro Rail Corporation (HMRC) has not only established a metro station at Jubilee Hills but also acquired one-acre land for developing the parking facility.
Peddamma Temple: “A metro station near Peddamma Temple will not only cater to a large number of devotees, but office goers, too. Peddamma Temple is a famous temple that attracts a large number of patronages during the festival of Bonaalu in July. In addition, the area also holds significance owing to the presence of numerous businesses and commercial centres that attract huge working populace,” avers Kumar, real estate broker, SV Properties.
Madhapur: The Madhapur station experiences huge passenger traffic owing to the presence of several noted IT firms and global corporate giants. The area is also swarmed with a slew of hotels, restaurants and other establishments. The operational metro link will ensure that the working community from all walks of life enjoys a comfortable and hassle-free travel to and fro from Madhapur. Additionally, it comes as good news for property owners in Madhapur since metro development will have a significant effect on the area’s property prices.
Durgam Cheruvu: Named after the freshwater lake, Durgam Cheruvu is a noted tourist spot in the city. Sprawling over 83 acres, the lake is a favourite fishing and relaxing place for locals and people from neighbouring towns. Besides a 1,500 seater amphi-theatre, established by the Hyderabad Metropolitan Development Authority (HMDA), also acts as a major attraction for tourists. Development of a metro junction near the lake will not only tailor the rising tourists’ traffic, but reduce the vehicular congestion on the stretch as well, since those travelling towards Madhapur, Jubilee Hills and beyond have to pass through the area.
HITEC City: The terminating point of the 10 km stretch, HITEC City station will ensure convenient access to prominent locales of Kukatpally, Gachibowli, Kondapur and Cyber Towers Junction.
HITEC City is an important IT hub of the city, encapsulating noted corporate giants such as Accenture, Oracle, Microsoft, and S2Tech Technologies. Until now, limited parking space in the area owing to the development activities led to enormous vehicular congestion in the micro-market. However, the metro commencement is expected to substantially reduce the number of private vehicles and cabs ferrying employees to the IT hub. Moreover, the metro connectivity might also boost the area’s real estate growth. Homebuyers who have been long deferring their investment decision owing to traffic snarls might undertake real estate investment.
Holistically, the Ameerpet-HITEC City metro corridor will ensure seamless connectivity and realty expansion along the stretch. Developers are also capitalising on the improved connectivity nexus and the availability of large affordable land tracts around the metro stations.
Furthermore, housing projects within a 5 km radius of the metro corridor might foresee a price hike by 20-30 percent, too. This comes as good news for property owners who have been waiting for an impetus that could drive the property prices after the market saboteurs such as the Demonetisation and other realty reforms slowed down growth.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.