For the past few, the real estate sector in Hyderabad has not witnessed a huge fluctuation in terms of pricing like the other major cities in India. Since the sq feet rate has negligibly changed, it is a high time to invest in residential property in Hyderabad. Now days, Hyderabad is expanding in real estate with a rapid development in Gachibowli, Kondapur, Lingampally, Madhapur areas.
Number of apartments ranging from 50 lakh to one Crore budget are up for sale. Residential property of 3 bhk – 4bhk with all modern amenities is available within the gated blocks. Few names of residential properties in Hyderabad are The Legend Harmony, SVC TreeHouse by SVC Ventures and The Prime Legend by the Prime Constructions. All of them are in a price range of Rs. 3200-Rs. 4000 per square foot .These and many more housing projects adjacent to these developments are in prime areas with leading schools, grocery stores, nightlife venues, malls and entertainment centres nearby.
At Manikonda Community housing is at Sale for anywhere between Rs.50-55 Lakhs for a 3bhk. This portion of the city is expanding fast and will be fully developed by 2-3 years. So it’s a high time to buy. The projects completed are Sri Hema Durga SIV Hills from BRC Infra, Green Living by Gowra Hallmark and Floatilla by Elegant Infratech. These are well connected to Hitech city, the office destination of Hyderabad and are adjacent to Lanco Hills, the popular Housing Project in this part of the city. All these properties are HMDA approved and the big attraction is its price. It’s much less than the similar property in other cities.
Projects in these belts include JanPriya Nile Valley of Janapriya Constructions (Miyapur) with 18% appreciation since the start of sale, Prajay Megapolis by Prajay Engineers (KPHB) with 11% appreciation and Manjeera Diamond Towers of Manjeera Contructions (Gopanpalli) with 8 odd percent appreciations.
The lower the inventory overhang the faster and higher the prices of property are going to rise and the higher the inventory overhang the slower the property rates are going to rise.
So if you are an investor, 2014 is the high time to invest in residential property in Hyderabad