Introduction
Rapid commercial growth and expansion of infrastructure will take place in Hyderabad real estate. With the rise in property prices, Hyderabad has emerged as one of the most coveted destinations for residential investment in India. The city has several thriving micro-markets. Kokapet, Nalgandla, Tellapur, Gopanpally, and Kondapur have been the favorite choices of home buyers for the last 3-4 years. Because of residential options and high capital returns.
Table of Contents
Nizam City, Hyderabad, has good offers for home buyers. Due to the presence of over 300 IT and financial companies, many people from all over India migrate to Hyderabad every year.
According to Deepak YSR, YSR Realty Consultant, Hyderabad, the ever-increasing influx of population in Hyderabad’s multiple micro-markets like Tellapur, Kokapet, Kondapur, Gopanahally, and Nallagandla has increased the demand for residential space in Hyderabad.
Surprisingly, these peripheral areas not only offer a mix of contemporary housing options and strong social infrastructure but also promise a high return on investment (ROI) that attracts investors from India and abroad.
Top 5 Best Places to Buy a House in Hyderabad
Let’s take a look at the most sought-after areas in Hyderabad for real estate investment. Consider the reasons why these areas are popular housing destinations.
Kokapet
Kokapet, one of the most developing residential zones, is located next to the Nehru Outer Ring Road (ORR). Closely connected to the Financial District of Nanakramguda and the IT hub of Gachibowli. It is close to the popular commercial zone, Dilsukh Nagar.
The area offers a variety of housing options for investors and end-users, ranging from independent houses to villas and apartments. Residential apartments account for more than 75 percent of the total inventory available for sale in the region.
The proximity to many educational institutes and hospitals is also an attraction of the area. Rockwell International School and Phoenix Greens International School are some of the popular schools close to this area. Supermarkets like Umang RMCL Express and MN Capital are 10–15 minutes away from Kokapet.
Nallagandla
Nalgandla in the western suburbs of Hyderabad is another locality that has attracted the attention of home buyers over the past few years. The area is rapidly developing due to its strategic location near Gachibowli next to National Highway (NH) 48.
Moreover, the increased absorption of commercial spaces has also led to residential demand in the region. Currently, Nalgandla is one of the fastest-growing IT hubs in Hyderabad, with several multinational companies including Wipro, Infosys, and Microsoft occupying large floors here.
In terms of connectivity, HITEC City, Madapur and Kondapur are directly accessible via Nehru ORR Road. Nalgandla is located between Nehru ORR and Old Mumbai Road. So that there is no difficulty in commuting to other critical areas of the city. Apart from this, Lingam Pally railway station is easily accessible via BHEL township.
Tellapur
Tellapur, once an obscure village in West Hyderabad, has now emerged as a fast-growing micro-market. It has provided huge residential supply in the last two years. However, due to its distance from the Central Business District (CBD), property prices in Tellapur are lower compared to other parts of Hyderabad.
As the area is near the Mumbai highway, it has excellent connectivity to other parts of the city including Vidyut Nagar, Serilingampally Gopanpally, Usman Nagar, BHEL Township and Lingampally.
The construction of radial roads has enhanced the connectivity of the region with the Nehru ORR and the Rajiv Gandhi International Airport at Shamshaard. Besides, major IT hubs like Gachibowli and Madhapur and Hyderabad are central universities. Proximity to BHEL townships will increase rental demand in Tellapur.
Gopanpally
It is considered one of the most affordable residential zones. Gopanpally offers world-class infrastructure, comfortable amenities, and a peaceful residential setting. The area has smooth connectivity to Tellapur, Nallagandla, Nanakramguda, Usman Nagar, Gachibowli and Lingampally via BT Road.
Moreover, HITEC City, Cyber Towers, Wipro, Gachibowli DLF Building, and the Financial District are within 10 km from Gopanpally. Lingampally MMTS is about five kilometers away from the local area. There are affordable housing projects in the area. Average property prices here vary between Rs 4,700 per square feet and Rs 5,900 per square feet.
Kondapur
Yet another business hub, Kondapur, has grown into the most sought-after residential area in Hyderabad. It is well-connected to HITEC City, which encompasses some of the top IT and financial giants like Amazon, Google, Deloitte, and TCS. Nehru ORR Road is merely three kilometers away from this locale, providing a gateway to other parts of Hyderabad.
Kondapur’s connectivity to other areas such as Secunderabad, Madhapur, Koti, Kothaguda, and other major commercial hubs is a crucial factor that makes it preferable amongst homebuyers. As a result, the demand for independent houses and modern housing projects has increased here. The current property rates in Kondapur hover between Rs 5,500 per square feet and Rs 8,000 per square feet, adds Deepak YS.
Hyderabad Real Estate Buying: Prices in Popular Areas
Property prices in fast growing areas range from Rs. 5,000 per sq.ft and Rs. 9,000,” says Deepak.
| Locality | Average property values | QoQ price movement (Q1 2021 vs Q2 2021) | YoY price movement (Q2 2020 vs Q2 2021) |
| Kondapur | Rs 5,200-6,800 | 6% | 2% |
| Kokapet | Rs 4,900-6,000 | 7% | 13% |
| Tellapur | Rs 3,100-4,600 | -1% | -18% |
| Nallagandla | Rs 4,900-6,200 | 2% | 1% |
| Gopanpally | Rs 4,700-5,900 | 2% | 10% |
Conclusion
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Also read: Why Invest In a Luxury Villa in Hyderabad?