When the first ever Ikea opened in Hyderabad in 2018 it immediately made a statement. Ikea’s presence was proof that foreign investors were finding it much easier to conduct business here than in Chennai or Bangalore its more evolved tech neighbours.
“Hyderabad occupies top place among all cities in India when it comes to investment in commercial real estate and warehousing. Further, compared to other cities, real estate prices have not gone up in the last five years,” says Abhijit Bhave, the CEO of Karvy Wealth in an interview in The Hans India.
The last reason is one of the primary attractions that upcoming suburbs hold for property investors.
Once a small village known for its abundance of vineyards and farmhouses, Kompally is one such suburb that has witnessed a galloping pace of growth as large tracts of land priced very reasonably were quickly bought up by real estate developers. It is now a real estate hotspot due to many advantageous factors like location, high potential growth of capital, and the availability of a range of housing.
Let’s take a closer look at why investing in Kompally is a good idea.
Location and connectivity
Kompally is situated in Quthbullapur Mandal in the Ranga Reddy district in Telangana and occupies a sweet spot on National Highway 7 that runs between Nagpur and Secunderabad. It is well-connected to the international airport as well as Gachibowli via the Outer Ring Road (ORR). The closest railway stations are Bolarum and Gundlapochampalli situated approximately 5 kilometres away.
Although IT hubs and residential areas like Hitec City and Kukatpally are around 28 kilometres away and Secunderabad is 15 kilometres away it is still only a 40-45 minute drive from Kompally thanks to the ORR.
Social Infrastructure
Kompally underwent rapid development because of the finance and IT companies that came to areas adjoining it. While basic social infrastructure was already present, it received a fillip as more organisations set up their offices here.
Kompally has reputed educational institutions like St Martin’s Engineering College, Unicent School, and DRS International School among others. Prominent hospitals in the vicinity include Balaji Hospital and Swarupa Multispecialty Hospital.
Our top 3 property picks
In addition to the availability of good choices in housing, from sprawling villas in gated communities to cosy apartments, Kompally is highly appealing because of its greenery. Prices in Kompally currently range between a very affordable Rs 2,778 per sq. ft. and Rs 5,763 per sq. ft.
Here are our top three picks of the best properties in Kompally based on build, facilities, and pricing.
Newmark Prithvi Homes
Located near the Hyderabad-Medchal road, Newmark Prithvi Homes is a gated community in Kompally consisting of 2 and 3 bedroom apartments with plenty of open spaces surrounding all units. Apart from standard facilities like a swimming pool, gym, and landscaped gardens, the community has allotted space for a beauty salon, library, and convenience store.
A ready-to-occupy project, and prices average range between Rs 41-66.8 Lakh.
NCL Sindhu
Spread across 5.5 acres of space, NCL Sindhu comprises 2 and 3 bedroom apartments totalling 414 units overall. Located along Kompally Road, National Highway 7, there is no dearth of social infrastructure nearby. Inside, the extensive clubhouse features a gym, spa, jacuzzi, library, massage centre, and space for indoor games.
NCL Sindhu has ready-to-move-in apartments and is priced between Rs 37-54 Lakh.
Radhika Govindraj’s IHITA
Govindraj’s IHITA from Radhika Projects is located 13 kilometres away from Secunderabad along National Highway 7. Consisting of 2 and 3 bedroom apartments the community has all the standard amenities like a swimming pool, gym, and a children’s play area among others. Additionally, it has a special set of rooms for guests, a pharmacy, a coffee shop, and a departmental store.
Possession is from May 2019, and the apartments are priced between Rs 39 Lakh and Rs 1.2 Crores.
