Hyderabad properties is rapidly becoming preferred choice for the investors since city not just offers quality infrastructure for property investments but also has more than 40 SEZs, approximately 1100 Software IT Parks & campuses, international airport. Gachibowli, Kompally & Kukatpally in Hyderabad have emerged as the best places for property investments whether it is commercial or residential township.
Home rental services in the Hyderabad city have come as a blessing for those people who seek a living place in Hyderabad. It has been assessed; several houses near the Tank Bund, Chikkadpally, Banjara Hills and Bowenpally are rented out. Due to the IT industry boom, several professional prefer to rent the homes, apartment & lease homes rather than investing considerable amount to purchase apartments in Hyderabad city.
Drinking water scenario is very erratic issue in most of the regions in Hyderabad. There is hardly any ground water & thus most residents depend only on municipal water. Hyderabad city real estate scenario is transforming everyday Mansani Constructions, city-based builder & developer, has announced exchange offer for the flat owners.
Flat owners who are fed up with living in apartments can exchange their real estate with the independent homes at any of the ventures. Company will purchase Apartments in Hyderabad city, spruce it up & sell it in the market. In lieu of apartment, owner can get independent house in any of ventures on city outskirts & lead a peaceful life.
Authorities of Housing Urban Development Association (HUDA) & Municipal Corporation of Hyderabad (MCH) are committed in creating Hyderabad a truly world-class place as it has been noticed that authorities have made it sure timely completion of all projects.
The boom in Hyderabad real estate sector has not been able to satisfy growing demand from corporate looking for ready-to-occupy real estates. IT & ITes are continuing to make the market to act according to their needs. IT professionals are trying to buy an apartment in Hyderabad city.
Plus, it is commercial market that is driving residential real estate segment in the city. Hyderabad property developers feel, in the next few years BPOs & call centers, software offices & back offices of financial institutions will occupy big space. Property agents expect upward trend in amount to continue, even as State Government frees up land in various positions of city & outskirts. Land availability will facilitate creation of the corporate office area.
In Jubilee Hills, the central business district of Hyderabad city, capital prices of a plot range from Rs 80,000 - 2 lakh per square feet Retail real estate in CBDs is approximately Rs 3,500 to Rs 10,000 per square feet. Multiplex are trendy & upcoming way of the commercial activities that ranges from Rs 10,000 per square feet & goes above. Rental value in the area is Rs 30,000 to 60,000 /month that is high in comparison to the other commercial areas.
Several new commercial projects are on cards by leading national developers. Raheja group has bought 100 acres in the Gundla; Pochampalli, Delhi based DLF has bought 3 million square feet land for commercial activities, Godrej Properties will build an IT Park on the 34 acres of land at Patancheru; Parsvanath has mall-cum-multiplex, & hotel project will come up in the city, Ramkey group is going to do commercial development in the city.
Focus of development of the residential real estate in Hyderabad is suburbs where the land availability is considerable &b big scale development is always possible. Township projects will get started soon in the regions like Gaulidodi, Vattinagulapally, Nanakramguda, Metchel road and Manikonda.
Small residential real estate projects in Hyderabad city are initiated by the local real estate developers such as Ashoka Builders who has announced 250-unit project that is located 15 km away from the city and each house costing Rupees 80 lakh. And the Jayabheri group & Aparna have launched independent houses costing from Rs 60 lakhs to Rs 1.25 crore with down payment of 25 %
Hyderabad is witnessing mushrooming of luxurious residential properties & gated communities. Such projects promise best in class living, giving amenities & social infrastructure to make sustainable development.
There is a big difference in residential property market in Hyderabad city with that of few 4-5 years back. All the builders are offering amenities of international standards. 'A' grade property developers are building integrated homes or villas. One villa of 300 sq yards with all the facilities costs between Rupees 1.5 crore & Rs 1.75 crore & delivery is within twelve months. Appreciation at time of possession is around 60-100 %. Rental values in the past twelve months have too hiked about 40-60 % in residential segment. Growing demand & limited supply have hardened cost for the residential properties.
At the present, the emphasis is more on the centralised security, ambience, shopping & recreational amenities. Better infrastructure with the high quality specifications, fine detailing & quality are what builders are offering.
Plot size of independent homes range from 250 square yards - 650 square yards while built-up region will be 2,100 square feet - 5,300 square feet. Depending on size & specifications, price ranges from rupees 1.7 crore - rupees 3.3 crore.
Other Hyderabad property Builders who have different residential projects in pipeline are SMR builders, Janapriya Engineers Syndicate, Amsri Builders, Saket Engineers & Sanali Group. Saket Mithila in Kapra that is spread over eleven acres of greenery is an extension of Saket Designer house Township of 750 homes, a residential project. Mithila, gated real estate, consists of 100 designed villas.
Saket Pranaam is made of of luxury houses exclusively for the senior citizens. It is secured community with condominium of 400 flats that is spread over 4 acres. Plus, Pune-based DS Kulkarni Developers Ltd (DSKDL) that is a part of DSK group, is planning to undertake the residential projects in Hyderabad city. DLF also has a big residential project in the outskirts of the city.
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