For people in metropolitan cities like Mumbai and Delhi, buying a residential property at Rs 25 lakh is nothing but a dream. However, it is possible for those who live in Kompally area of Hyderabad. Yes, today we are going to talk about a location which offers residential properties at super affordable prices.
It is Kompally! A locality situated at a distance of around 14 kms from Secunderbad and 28 kms from Hyderabad’s prime commercial areas such as Gachibowli and Hitec City. The distance may appear to be a bottleneck to some but for a large number of professionals working in Hyderabad, it does not matter as long as the locality is well connected through roads.
That’s where Kompally stands out. Once you are on the Outer Ring Road (ORR), you can easily access the Commercial Business Districts (CBDs) of the city. The road provides seamless connectivity to most parts of the city and one does not have to worry about connectivity at all.
Public transportation is not an issue at all. Andhra Pradesh State Road Transport Corporation (APSRTC) provides bus transportation in Kompally, connecting it with all the major localities of Hyderabad. Buying residential properties in Kompally can be a sound investment decision for you. It falls next to National Highway 7 (NH7) and given the kind of superior road connectivity the location offers, property investors should not give it a miss.
Kompally real estate market offers all kinds of properties right from residential plots to apartments and the level of prices fall well within the range of most of us. Residential plots in Kompally are selling at Rs 1,200-1,800 per sq ft. Isn’t that a great proposition presenting an opportunity to build an independent home of your own choice of architecture and quality? These plots are situated within gated societies and are currently under development phase. It is because of this reason the prices are low. Once the plots are fully developed, the prices are slated to rise.
Meanwhile, there is an ample availability of residential apartments, from 1BHK to 4BHK. A typical 2BHK apartment of 1,000 sq ft can be grabbed at Rs 25 lakh. The average prices of properties in Kompally range between Rs 2000-3000 per sq ft.
Currently the radial roads for this locality are under development and the quality of interior roads is little low. However, as it is an emerging real estate destination, these aspects are slated to improve with time.
Properties in Hyderabad have faced a long phase of slowdown due to political uncertainty however, things are on track now. According to experts, the state of physical and social infrastructure is improving gradually and there is no doubt that residential properties in Kompally make a viable investment proposition.
The prices are not going to fall from the point they are currently, as they are already at a bottom. The coming years will witness a rise in prices and this is why this is the right time to enter the market.