In recent times, the real estate market of Hyderabad has shown a lot of positive development with many investment options available in the market like apartments, plots and residential houses. However, among all, buying a residential plot is always considered as a good option which also gives best investment returns.
There are also various advantages in investing in a plot. One of them is that with increasing encroachment of urban land by developers, the value of a plot will increase in future. On the other hand, it also gives you the flexibility to build your home as per your requirements.
According to a real estate news portal, realtymonks.com, “While Hyderabad is known for its vast land availability and affordability, many believe that investing in a plot is the best option due to budget-friendly prices. Over the last 6 years, many areas in South-Hyderabad have been providing healthy returns, with approximately 5-10 percent appreciation in property rates.”
So let’s take a look at some of the top localities to buy plots in Hyderabad:
Balapur
Balapur is located towards the center of the Hyderabad city and is best known for the development of affordable housing. Due to much social and physical infrastructural development, the property prices, especially of residential plots, increased at a much faster rate. Many famous builders have already developed residential apartments, villas in this area making this area a lucrative option for buyers.
The average rate of residential plots starts from Rs 1,050 per sqft which have increased a lot in recent times.
Adibatla
Famous for TATA Aerospace SEZ, Adibatla is a village in Ranga Reddy district in Telangana. This region touted as the next IT Hub and is expected to give a good return on investments. In a short span of time, the demand for residential plots in Adibatla has witnessed a fast growth. With the introduction of many IT companies like TCS, Cognizant and Google the area are expected to attract more investors in near future. Adibatla is also close to the Outer Ring Road and offers easy connectivity to Rajiv Gandhi International Airport
The price of plots in Adibatla starts at Rupees 5 Lakhs and goes up to 30 Lakhs.
Srisailam Highway
Because of its affordability, connectivity to airport and proximity to TCS SEZ, this area is one of the best investment bet when it comes to buying a residential plot here. The area is developing at a very fast rate. Many developers have already launched a wide range of residential properties, catering to the middle-income group, offering relatively budget-friendly prices. The locality also offers healthy capital returns.
The average residential plot price starts at a minimum of 600 per sq ft.
Shamshabad
Located in Ranga Reddy district, Rajiv Gandhi International Airport is located in this area only. Many Governmental projects are coming in and around the Airport, including Fab City, Nano Tech Park, Hardware Park, and Textile Park. The airport is connected to Hitech City by the Outer Ring Road which makes it very convenient to international visitors visiting the Hitech city.
Shamshabad is in high-demand in recent times by both developers as well as buyers. However, the average prices of the residential plot are approximately Rs 500-550 per sq ft.
So with these abundant and affordable options, Hyderabad offers great ROI in the residential plot segment to buyers as well as realtors.