The city of Nizams, Hyderabad, has a lot to offer to homebuyers. Owing to the presence of over 300 IT/ITeS and financial companies, many people from across India migrate to Hyderabad every year. According to Deepak YSR, Consultant, YSR Realty, Hyderabad, "The ever-increasing population influx has pushed the demand for residential spaces in Hyderabad across multiple micro-markets, such as Tellapur, Manikonda, Kondapur, Gopanhalli and Nallagandla. Surprisingly, these peripheral localities not only offer a mix of contemporary housing options and robust social infrastructure but also promise higher Returns on Investment (ROI), which lures investors from across India and abroad."
Popular housing destinations in Hyderabad
Let's take a look at the most sought-after areas in Hyderabad for real estate investment:
Kokapet
One of the most developing residential zones, Kokapet is situated alongside the Nehru Outer Ring Road (ORR) and is closely connected to the Financial District–Nanakramguda, and the IT hub of Gachibowli. It is also near the famous commercial zone, Dilsukh Nagar. The locality offers varied housing options to investors and end-users, ranging from independent houses to villas and apartments. Residential apartments account for over 75 percent of the total inventory available for sale in this locality.
Connectivity-wise, Kokapet offers hassle-free access to districts, such as Mehboob Nagar, Rangareddy, Nalgonda and Kurnool, along with other suburbs, such as Nanakramguda and Narsingi through Nehru ORR. The arterials roads in proximity are 90 ft to 100 ft wide in Kokapet. The area also boasts of robust infrastructure and excellent road transportation as RTC and APRTC buses and private cabs are easily available here. "The connectivity in the area has improved further post the commencement of the Ameerpet-HITEC City metro corridor. This has also influenced the homebuying sentiment in the area. At present, the average capital values in Kokapet hover at Rs 5,000-5,800 per sq ft,” adds Deepak YS, Consultant, YSR Realty.
Proximity to numerous educational institutions and hospitals also adds to the attractiveness quotient of the area. Rockwell International School and Phoenix Greens International School are some of the well-known schools close to the locality. Supermarkets, such as Umang RMCL Express and MN Capital, are located around 10-15 minutes away from Kokapet.
Nallagandla
Nestled in the western suburbs of Hyderabad, Nallagandla is another locale that has magnetised homebuyers attention in the last few years. The area has been flourishing owing to its strategic location near Gachibowli alongside the National Highway (NH) 48. Besides, the increased absorption of commercial spaces has also ushered the residential demand in the area. Presently, Nallagandla is one of the swiftly advancing IT hubs in Hyderabad, with several multinational companies, including Wipro, Infosys and Microsoft, occupying large floor spaces here.
The locale is popular among IT professionals as it offers access to global corporate giants and has a sound infrastructure. Hyderabad University, a reputed education institution, is also situated here.
In terms of connectivity, individuals can reach HITEC City, Madhapur and Kondapur via the Nehru ORR Road. Nallagandla lies between the Nehru ORR and the Old Mumbai Road, thus making commutation hassle-free to other critical areas of the city. Apart from this, Lingampally railway station is also easily accessible via BHEL Township.
"The construction of Tellapur flyover has helped improve the connectivity to Nallagandla and provided a respite to residents travelling to the commercial hubs in Chandanagar and Lingampally. Property prices in Nallagandla vary between Rs 5,000 per sq ft and Rs 9,000 per sq ft,” says Deepak YS.
Property prices in popular localities of Hyderabad | |||
Locality | Average property values | QoQ price movement (Q1 2021 vs Q2 2021) | YoY price movement (Q2 2020 vs Q2 2021) |
Kondapur | Rs 5,200-6,800 | 6% | 2% |
Kokapet | Rs 4,900-6,000 | 7% | 13% |
Tellapur | Rs 3,100-4,600 | -1% | -18% |
Nallagandla | Rs 4,900-6,200 | 2% | 1% |
Gopanpally | Rs 4,700-5,900 | 2% | 10% |
Source: 99acres
Tellapur
Once a sleepy village in west Hyderabad, Tellapur has now emerged as the fastest-growing micro-market that has observed a massive residential supply in the past couple of years. However, since it is away from the Central Business District (CBD), property prices in Tellapur are lower compared to other parts of Hyderabad. Since this region is located near the Mumbai Highway, it has superb connectivity to other areas of the city, including Vidyut Nagar, Serilingampally Gopanpalli, Osman Nagar, BHEL Township and Lingampally. The construction of radial roads would also go a long way in augmenting the area’s connectivity with the Nehru ORR and Rajiv Gandhi International Airport at Shamshabad. Besides, proximity to major IT hubs, such as Gachibowli and Madhapur, and Hyderabad Central University and the BHEL Township are other advantageous factors that have propelled the capital as well as rental demand in Tellapur.
The Multi-Modal Transport System (MMTS) also provides smooth access to Secunderabad, Nampally, Dabirpura, Malkapet, HITEC City and Lingampally. There is also a proposal to develop the first 100 acres integrated township that will be jointly managed by Tellapur Techno-City Project Limited (TTPL) and Hyderabad Metropolitan Development Authority (HMDA). Once completed, the project will help propel the residential demand in the locality. Currently, the average property prices in Tellapur hover around Rs 5,300 per sq ft (Source: 99acres Insite Report Jan-Mar 2021).
Gopanpally
Considered one of the most affordable residential zones, Gopanpally offers world-class infrastructure, comfortable amenities and a peaceful residential setting.
The area enjoys smooth connectivity to Tellapur, Nallagandla, Nanakramguda, Osman Nagar, Gachibowli, and Lingampally via BT Road. Besides, HITEC City, Cyber Towers, Wipro, Gachibowli DLF Building and Financial District are located within a radius of 10 km from Gopanpally. Lingampally MMTS is approximately five km away from the locality. The area has cost-effective housing projects, and the average property prices here vary between Rs 4,700 per sq ft and Rs 5,900 per sq ft approximately.
Kondapur
Yet another business hub, Kondapur has grown as the most sought-after residential area in Hyderabad. It is well-connected to HITEC City, which encompasses some of the top IT and financial giants like Amazon, Google, Deloitte and TCS. Nehru ORR Road is merely three km away from this locale, providing a gateway to other parts of Hyderabad. Kondapur’s connectivity to other areas such as, Secunderabad, Madhapur, Koti, Kothaguda and other major commercial hubs is a crucial factor that makes it preferable amongst homebuyers. Resultantly, the demand for independent houses and modern housing projects has increased here. The current property rates in Kondapur hover between Rs 5,500 per sq ft and Rs 8,000 per sq ft, adds Deepak YS.
Apart from these, Manikonda is also one of the preferred locales in the city. The locality is a developed suburb in Hyderabad and has been popular amongst homebuyers due to its closeness to Lanco SEZ and the availability of strong social and physical infrastructure. The average property prices in this locality hover between Rs 4,200 per sq ft and Rs 5,300 per sq ft.
All these areas mentioned above are riding high on homebuyers demand. However, one must be cautious before making a high-ticket investment. It would be better to conduct thorough due diligence and seek expert advice to avoid regretting later.
