Together with Bangalore and Pune, Hyderabad forms a formidable IT hub trinity. Backed by impressive IT and manufacturing industry growth, the realty segment has also spawned in Hyderabad. If you are planning to settle in the City of Pearls, looking pas the main city will reap good benefits. For every budget and lifestyle, there is enough place in Hyderabad
Here is a list of 7 promising suburban localities in Hyderabad that are considered ideal for real estate investment.
1. Banjara Hills
Banjara Hills is the highest location in the city; both in terms of elevation and real estate pricing. It is considered as a symbol of status and fame. Buying a house in Banjara Hills will allow you to brush shoulders with the Who’s Who of the city. As per the latest realty trends in Hyderabad, the prices have inflated from INR 6990 in December 2014 to a whopping INR 8450 by July 2015.
2. Hi Tech City
The real estate trend in Hyderabad exploded largely due to the success of the HiTech City. This is one of the most preferred home locations in suburban Hyderabad. Located in the north western part of the city close to Madahpur, Hi Tech City is lavishly spread over 150 acres of plain land. Uninterrupted road connectivity all round the clock and world-class infrastructure laced by amenities of international standards make this an ideal investment destination for investors as well as professionals.
Also called Mayapur among the locales, Miyapur in suburban Hyderabad is another real estate hotspot. Located at the centre of the Deccan Plateau, it is very close to the Pune-Hyderabad National Highway 9 (NH 9). It is a part of the Greater Hyderabad development project which is now beaming with top schools, hospitals, recreational centres and commercial spaces. It is also loaded with parks and lakes for weekend picnic gatherings within the city perimeters. Prices are reeling between INR 4500 and INR 6990 depending on the distance from the centre of Hyderabad city.
Despite being in its nascent stage of infrastructure development, Kompally is the perfect real estate investment destination in case you are looking for lavish and luxurious independent housing options. Considered ideal for villa living, Kompally is blessed with grape vineyards and gardens. It is the fastest developing residential areas in suburban Hyderabad with prices of properties starting from INR 3990.
Located in the Rangareddy District of suburban Hyderabad, Gachibowli is home to some of the biggest names in IT and retail industries. Located around 5.2 kilometres from HiTech City, the two real estate hubs are driving the realty segment in Suburban Hyderabad. It is dotted with all modern facilities within close proximity to the major housing projects.
Kondapur is well connected to all other major suburbs like Gachibowli, Hitec City and Kothaguda. It ranks among top 3 localities when it comes to social infrastructure. Prices here start at INR 4200 and are likely to see an inflation of at least 11 per cent by December 2015.
Shakipet is in duel with Jubilee Hills as far as prices are concerned. It has managed to register a price appreciation of 11 percent in the last couple of quarters. Residential units are in huge demands owing to quick completion of projects and quick move-in options.
Other fascinating real estate destinations in suburban Hyderabad worth investing in are Jubilee Hills, Begumpet, Nalla Gandla, Uppal, Kukkatpally, Abids, Nagole, Bachupally and Manikonda.