The real estate market of Hyderabad has risen substantially, overriding all other realty markets in India. “There are quite a few hotspots in Hyderabad promising huge profit through resale and assets appreciation to the property holders,” claims an expert from Modi Builders.
In-demand real estate locations like Hayatnagar and Kongarkalan have witnessed a rise of 8 per cent in property prices, highest in Hyderabad till date. These locations also top the list of coveted localities for sale and rent of housing property.
Just a few minutes’ drive from the projected 12 lane 500′ outer ring road’s mega junction, Hayatnagar is one of the developed areas of Hyderabad. The average capital values of this locality range from Rs 12,500-17,800 per sq ft.
The area has been subjected to the redevelopment drive happening in the major localities of Hyderabad. The remodeled inventory has better amenities and hence is priced on a higher end.
Several new luxury projects, including Greenville by Modi Builders have been completed in the area. If you are planning to invest in the housing sector, properties available here will range from Rs 27,50,000 to Rs 40,61,000 with covered area varying from 255-351 sq yds.
The Sagar Highway connects Hayatnagar to the emerging IT hub. Impeccable residential developments plus proximity to the IT corridor make Hayatnagar one of the propitious investment regions in the city.
Another Hyderabad’s locality, Kongarkalan witnessed an 8 per cent growth in property prices during the first quarter of 2017. Even in the July-September quarter in 2016, a 4 per cent capital appreciation was observed here. In these areas, buyers will have to spend Rs 30 lakh to Rs 2 crore to buy their dream homes with sizes varying from 600-1,600 sq ft.
Rapidly developing road infrastructure, best-in-class apartments by well-known developers along with proximity to the IT Expressway is keeping the realty market booming in the locality.