With property sales in Hyderabad gone up in recent times, the city’s real estate has emerged as a good investment option. However, North Hyderabad- proved to be most beneficial among all other zones.
North Hyderabad is dominated by many IT/ITeS SEZs, IT parks, industrial parks, and warehouses which give direct employment to lakhs of people. Due to which many professionals are eying this zone and hence this area has ensured uniform growth across all major localities of the city.
The prime locations of this zone include Kompally, Balanagar, Yapral, and Sainikpuri which are the preferred locations for real estate investment. Currently, the residential properties are available at affordable prices, but all these areas have a potential to grow more in the future.
So lets’ check out the major thriving factor due to which these locations are emerging as a hub for Property Investors:
Sainikpuri and Kompally
Both of these colonies are termed as posh localities and hence the residential units are available at a much higher price. Sainikpuri and Kompally are 14-18 km from the city center. While Sainikpuri falls near National Highway-44 (NH44), Kompally falls on the Outer Ring Road (ORR) and hence one can easily access the Commercial Business Districts (CBDs) of the city.
The capital value of both the localities falls in the range of 2,500-3,500. Kompally real estate market offers all kinds of properties to a home buyer. Residential apartments can be available from 1BHK to 4BHK. A typical 2BHK apartment of 1,000 sq ft can be grabbed at Rs 25 lakh.
Some of the real estate projects in Sainikpuri include Mahi Om Complex, Preethi Nilayam and Krishna Kalyan Residency by Constructions, Sri Tirumala Harmony by EAPL Group, Silver Crest and Lake Front by Engineers, Defence Colony by Vineyard and s Darshan by GSRK Estates. Moreover, property rates in Sainikpuri have risen by up to 17.0% in last 6 months.
Yapral is a part of the Ranga Reddy district and is just 11.3 Km away from Secunderabad Railway Station. The locality is well connected to other areas via Hyderabad Elevated Expressways and NH7.
The real estate market has become much sought after, due to well-developed social, physical and civic infrastructure. Yapral offers property at much affordable prices, as the capital values range here from 2,000-3,000 sq.ft. One can get a good 2, 3 BHK apartments here at price of Rs 30-40 lakh.
Popular projects in Yapral are Deepa Dhruva Heights by Modi Properties and Radha Regal rows by Oorjita Builders’.
Balanagar also offers residential properties at affordable prices. Balanagar has located just 14 km from the Hyderabad city and hence emerging as a good real estate investment destination.
Balanagar offers independent houses of various sizes. Due to well-developed infrastructure, the area has grabbed much attention of the property buyers. The capital values of this locality are much similar to Yapral. However, one can get their dream home here at much budget friendly price. A 3-4BHK independent home comes at a price range between Rs 2,400 to Rs 2,800 sq.ft.
As all these areas are developing at a fast pace, hence the price of residential properties will definitely be going to increase in coming future. So for all those who want to buy their dream home, North Hyderabad is presenting a lot of opportunity for both investors and home buyers.