Begumpet, meaning Begum’s Palace, is a charming locality in Hyderabad. Situated to the north of the Hussain Sagar lake, it is a suburb that is replete with commercial establishments as well as residential areas.
Realty rates
The cost per square foot for purchasing a property is approximately Rs 4500. For those who are seeking good rental returns on their properties, a 2bhk in Begumpet would fetch close to Rs 14000 per month.
Connectivity
It is connected to Panjagutta via the Greenlands flyover. The Telangana State Road Transport Corporation (TSRTC) buses operate at regular intervals between Begumpet and the other major localities of the city.
As far as rail connectivity is concerned, the Begumpet Railway Station provides adequate options. MMTS stations such as James Street and Sanjeevaiah Park are also nearby.
Unlike before, the Begumpet Airport is not accessible for commercial flights. The nearest airport is the new international airport at Shamshabad. The former is now used for training as well as chartered flights.
Social Infrastructure
It has lately been occupied by a large number of IT professionals who are relocating to Hyderabad. Since most of them work at HiTech City, this area provides adequate facilities and infrastructure and is accessible at the same time.
There is an adequate number of schools, colleges, hospitals and malls in the area. In fact, the retail quotient of Begumpet is quite high. The area is considered a prime shopping locality. With a large number of IT professionals being willing to spend, there is ample demand for value as well as premium brands. Since posh localities like Banjara Hills are nearby, the presence of big brands extends to Begumpet as well.
One of the most sought-after suburbs in the Western part of Hyderabad, Begumpet is definitely an area worth considering for working professionals as well as for those who wish to invest in property that has good rental returns. With the revival of the real estate market in Hyderabad, It is sure to enjoy the consequent benefits.