In recent times, North Hyderabad has emerged as a good investment option for property buyers. With property sales in Hyderabad gone up in recent times, this area’s real estate proved to be most beneficial among all other zones of Hyderabad.
The zone is dominated by many IT/ITeS SEZs, IT parks, industrial parks, and warehouses which provide direct employment to lakhs of people. Because of this many professionals has invested in various residential properties of this area.
Some of the prime locations of North Hyderabad include Kompally, Balanagar, Yapral, and Sainikpuri which are preferred by many home buyers for property investment. Currently, the residential properties are available at affordable prices, but in future with the rate property sales are going up; all these areas will definitely see a surge in residential price.
So lets’ check out the major factor due to which these locations are emerging as a hub for Property Investors:
Balanagar
Balanagar offers residential properties at affordable prices. The area is located just 14 km from the Hyderabad city and hence emerging as a good real estate investment destination.
Balanagar offers independent houses of various sizes. Due to well-developed infrastructure, the area has grabbed much attention of the property buyers. One can get their dream home here at a much budget friendly price. A 3-4 BHK independent home comes at a price range between Rs 2,400 to Rs 2,800 sq.ft.
Sainikpuri and Kompally
Both of these colonies are termed as posh localities and hence the residential units are available at quite a high price. 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.
The capital value of both the localities falls in the range of Rs 2,500-3,500 per sq ft. Kompally real estate market offers all kinds of properties to a home buyer. Residential flats are available in various forms like 1BHK to 4BHK. A typical 2BHK apartment of 1,000 sq ft can be purchased at Rs 25 lakh.
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.
Yapral
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.
The real estate market has become much sought after in recent years, due to well-developed social and civic infrastructure. Yapral offers property at much affordable prices, as the capital values range here from Rs 2,000-3,000 sq.ft. One can get a good 2, 3 BHK apartments 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’.
All these areas are developing at a fast pace, so home buyers who are looking to purchase a property in the city of Nizam; North Hyderabad is bringing a lot of opportunity for both investors and homebuyers.