In recent times, the residential market of Hyderabad has seen a lot of upsurge in property sales. Because of this, city’s real estate has emerged as a good investment option. However, among all the other zones, North Hyderabad proved to be most beneficial which has seen potential investments by many home buyers.
At present, North Hyderabad is dominated by many IT/ITeS SEZs, IT parks, industrial parks, and warehouses which give employment to thousands of people. Due to which many professionals are moving towards this area to make property investments and hence the region has ensured uniform growth across all major localities.
The prime locations of this region include Kompally, Balanagar, Yapral, and Sainikpuri. Presently, the residential properties are available at budget friendly rates, but all these areas have possibilities to grow more in near future.
So lets’ check out why North Hyderabad is turning as a residential hotspot for Property Investors:
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.
Due to well-developed social, physical and civic infrastructure, the real estate market has become much sought after in present time. 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 ftas 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 is located just 14 km from the Hyderabad city and hence emerging as a good real estate investment destination. Moreover, properties in Balanagar are available at much affordable rates.
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. The area offers independent houses of various sizes. A 3-4 BHK independent home comes at a price range between Rs 2,400 to Rs 2,800 sq.ft.
Some of the residential projects in Balanagar are: Sri Balaji Residency, Star Homes, Vertex Pride Apartments, Seven Hills Apartment, Rishi Kalyan Residency, Harsha Enclave, Rain Tree Park, Prajay Megapolis etc.
Sainikpuri and Kompally
Sainikpuri and Kompally are termed as posh localities of North Hyderabad and hence the residential units are available at a much higher price as compared to above mentioned areas. 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 easily from both the area.
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 purchased at Rs 25 lakh. Some of the prominent projects that have been recently completed are Cascade Greens Lily by Krupa Builders, Sanman Belmor by Pvt. Ltd and Modi Silver Springs by Builders etc.
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.
So for all those who want to buy their dream home, North Hyderabad is bestowing a lot of opportunity for both investors and homebuyers.