Hyderabad is home to a large number of MNCs, especially IT/ITeS and professional services companies. Apart from being a vibrant employment market, the other major reasons that attract property buyers from around the country and overseas locations include its metro rail connectivity, affordable property rates, and world-class infrastructure.
It is a large city full of options for property buyers. But, where to start from? Let us take you through the Eastern zone of the city today. Maybe it will be a real estate investment destination you always looked for.
Lal Bahadur Nagar, in short LB Nagar, is one of the municipalities situated in Telangana state. It has become a sweet spot for property investment due to its close proximity to Cyber City, which is just 12 km away. The location is connected with its nearby areas through the Inner Ring Road (IRR) and National Highway 9 (NH9).
Though gated apartments are the most-preferred options for many property buyers, there are people who prefer independent builder floors and villas as well. A 2BHK apartment can be purchased within the range of Rs 50 lakh to Rs 55 lakh, whereas a 3BHK configuration is available at approximately Rs 62 lakh.
An independent 2BHK house of 175 sq ft is easily available at Rs 80-85 lakh. In case you are looking for 3+ or 4BHK independent house, capital value of Rs 1 crore can get the plushest property in the area.
The nearest railway station to LB Nagar is Dabirpura at a stretch of 10 kms and it takes just 20 minutes to reach. Shamshabad International Airport is 19 kms away and it takes 30 minutes of drive to reach there.
This location mostly consists of apartments. Not much variety can be seen in terms of configuration, however, a general configuration of 2 to 3BHK is easily available. The general range to buy the property at this location is Rs. 2000 to Rs. 4000 per sq feet.
Chandanagar railway station is at the stretch of 36 kms from Medipally and Dabirpura railway station is only 16 kms away. One can reach the airport in around an hour.
It is connected with the Hyderabad city through a route of 16 kms and hardly takes 40 minutes of drive.
In terms of proximity to Hyderabad Central, Malakpet is the nearest location to Hyderabad. It is just 3.5 km away and takes 15 minutes to reach HITEC City. You can opt for builder floors and apartments in this area. Rs 25 lakhs to Rs 45 lakh can get you a well-furnished 2-3BHK apartment.
Rajiv Gandhi International Airport can be reached from Malakpet via NH44 in around 45 minutes. Whereas to reach Dabirpura railway station, which is the nearest spot to Malakpet, it takes hardly 10 minutes by walk as it is just 750 mts away.
All the above-mentioned locations are in the East of Hyderabad and fall within the radius of 4 to 16 km. Real estate investors find these the best locations as they are in close proximity and it is convenient to reach the central city area from any of them through public transportation or self-drive. Property rates at these locations change from time to time. Hence do not wait and get in as soon as you find a suitable property meeting your requirements.