Named the best Indian city in the Mercer 2018 Quality of Living Rankings, Hyderabad real estate is on a revival path.
Want to buy a house in Hyderabad? There may not be a better time than right now. The first half of 2018 has started on a positive note for the Hyderabad residential market, according to a recently released Knight Frank India report.
The real estate consulting firm in its India Real Estate report January-June 2018 noted that the number of new launches in Hyderabad have gone up by 44% in H1 2018 compared to the same period last year.
So, if you have decided to buy a home in Hyderabad, here’s a list of the top five most popular projects that you must consider.
Salarpuria Sattva Magnus
Popularity Score: 97| Location: Shaikpet | Price: Rs 5,790 per sq. ft.
Located in Shaikpet, Salarpuria Sattva Magnus has secured the first slot on our list. Spread across 5.4 acres, it offers 506 homes in 2, 3, and 4BHK configurations.
The project comprises of four residential towers and one commercial tower that faces the Gachibowli area. Interestingly, the residents of this project will get a view of Hyderabad’s heritage landmark-the Golconda Fort.
Salarpuria Sattva Magnus is located about 8km from the Outer Ring Road (ORR), providing quick connectivity to all the important parts of the city. It also enjoys proximity to Hitech City, which is convenient for people working there.
In terms of amenities, the project promises a cosmopolitan lifestyle. There is a clubhouse with a rooftop swimming pool, landscaped party area, children’s play area, and indoor and outdoor games for residents.
The ongoing per sq. ft. rate for Magnus is Rs 5,790. Click here to get the TruePrice.
Possession: Expected to be completed in December 2020.
The top three reasons to buy:
- Proximity to Jubilee Hill
- Strategic location
- View of Golconda Fort
Location advantage
Shaikpet is a well- established residential area in Hyderabad. Being in the vicinity of Jubilee Hills and Filmnagar, there is a certain posh factor to the location.
While Jubilee Hills and Filmnagar are already saturated, Shaikpet still has scope for development. Further, Shaikpet is the main junction between Hitech City and Gachibowli, the two major IT hubs of Hyderabad. It is also well-connected to the Shamshabad Airport through the ORR.
Property values here have recorded a rise of about 8% over the last one year.
Manbhum Around The Grove
Popularity Score: 96| Location: Hitech City | Price: Rs 5,600 per sq. ft.
If living amidst nature is what you aspire for, then Around the Grove is worth your consideration. As the name suggests, the project is enveloped in a dense cluster of teak, neem, jamun, and jasmine trees.
Each apartment’s balcony has a mini-grove with trees in planter boxes that you can grow and nurture.
Manbhum Around the Grove is strategically nestled between Hitech City and Gachibowli. Thus, it enjoys easy accessibility to the prime residential and commercial areas of Madhapur, Kondapur, and Gachibowli.
The project offers apartments in 3 and 4BHK configurations priced at Rs 5,600 per sq. ft. The expected completion is in December 2020. What’s more? The project is also Vastu-compliant.
(What’s the fuss over Vastu? Find out here)
For the fitness and entertainment needs of the residents, there is a clubhouse.
The top three reasons to buy:
- Proximity to Hitech City and Gachibowli
- Vastu-compliant homes
- No shared walls between two apartments
Location advantage
A popular IT/ITeS hub, Hitech City, is home to a slew of IT Parks such as L&T Infocity, Mindspace IT Park, RMZ Futura IT Park, Cyber Pear etc. Over 75,000 people work in these parks. Ikea’s first India store also recently opened here.
Due to such a large workforce, the demand for housing is always on the rise.
“Due to rising employment opportunities and improving physical infrastructure, we receive several enquiries about properties in Hitech City. In fact, it is one of the most favoured residential destinations in Hyderabad today,” says Ashutosh Kumar, Lead, Home Buying Advisory Services.
It also explains a year-on-year rise of about 8-10% in property prices. The prices are expected to increase further once the Metro rail from Ameerpet to Hitech City is operational.
Incor One City
Popularity Score: 95| Location: KPHB | Price: Rs 5,250 per sq. ft.
Incor One City is located at KPHB, minutes away from Cyber Towers – the gateway to Hyderabad’s IT district. It offers apartments in 2 and 3BHK configurations in the range of 1,200-1,950 sq. ft. The ongoing per sq. ft. price is Rs 5,250.
Apart from easy access to Hitech City, you can also access the Forum Sujana Mall for entertainment.
Amenities include a sports arena, a clubhouse, and indoor games with spectator stands, indoor fitness facilities, and yoga deck, to name a few. Incor One City is also Vastu-compliant.
What’s more? One City towers are positioned in relation with the wind direction to give you maximum cross ventilation.
The top three reasons to buy:
- High returns on investment
- Proximity to Hitech City
- Ample light and ventilation within the units
Location advantage
Kukatpally Housing Board Colony or KPHB is one of the well-established localities in Hyderabad. It enjoys the advantage of being closer to Hitech City and Madhapur, which houses various IT companies and MNCs.
In terms of social infrastructure, the area is well-placed with several schools, healthcare centres, and malls in the vicinity.
The capital values in KPHB have recorded a rise of 16% over the last one year. Despite this rise, property values in the area are still low when compared to neighbouring Hitech City and Madhapur.
Aparna Sarovar Zenith
Popularity Score: 95| Location: Nallagandla | Price: Rs 4,899 per sq. ft.
Located in Nallagandla, Aparna Sarovar Zenith has secured the fourth slot. A premium project, it has apartments overlooking the Nallagandla Lake. Thus, you can enjoy a morning jog by the lake or have a dinner in a room with a great view. Additionally, the project offers 80% open space, most of which is green space.
The project also has a pre-certified Gold Rating by IGBC.
From here, residents can enjoy easy accessibility to the IT hubs of Gachibowli and Hitech City. The Lingampally MMTS (Multi-Modal Transport System) station is 2km away from the project.
Aparna Sarovar Zenith offers apartments in 2, 3, and 4BHK configurations in the range of 1,275-2,780 sq. ft. The ongoing rate is Rs 4,899 per sq. ft. The project is slated for completion in March 2022.
The top three reasons to buy:
- Strategic location
- Ample open space (80%)
- Good for short-term investment
Location advantage
Located between Gachibowli and BHEL, the locality is hardly a kilometre away from the Lingampally MMTS station. Affordability is another plus point of Nallagandla. Some of the significant factors that have boded well for this location include wide roads, pollution-free environment, and proximity to the IT and ITeS areas.
Property prices in Nallagandla have recorded an upward movement of about 7% over the last one year. As the area is still developing, the prices are expected to increase in times to come.
Aryamitra Bay Hills
Popularity Score: 99| Location: Narsingi | Price: Rs 3,700 per sq. ft.
Next is Bay Hills by Aryamitra. Spread over 5.29 acres, it offers 304 units in 2 and 3BHK configurations in Narsingi. For 2BHK, the sizes are in the range of 1,300-1,507 sq. ft. and for 3BHKs, it is 1,604-2,635 sq. ft.
Bay Hills has a clubhouse sprawling over 20,000 sq. ft. and offers an array of amenities. The apartments are designed to utilise space efficiently to achieve maximum carpet area. Also, the units are Vastu-compliant.
At present, the ongoing price is Rs 3,700 per sq. ft. The project is expected to be completed in December 2019. Thus, if you are looking to move into your new home within a year’s time, Bay Hills could be a good bet.
The top three reasons to buy:
- Affordable price and great ROI
- 20,000 sq. ft. clubhouse with ample avenues for entertainment
- Space-efficient design
Location advantage
Falling under the Rajendra Nagar Mandal of the Ranga Reddy District, Narsingi is favoured by tech professionals working in and around the area. Though still in the developing phase, affordable property values have worked in favour of this area. Moreover, new projects by leading developers are also transforming the image of this area.
Narsingi has a long way to go in terms of connectivity and infrastructure. However, for those looking to earn good ROI, it has a lot to offer. Over the last two years, the capital values here have appreciated by 12-15%.
Further reading:
- The Top 6 Villa Projects in Hyderabad
- Top 5 Plots in Hyderabad Under 10 Lakhs
- Hyderabad Real Estate: Riding High on Infrastructure Projects