My First Home | 3bhk Flats In Hyderabad}

My First Home | 3bhk flats in hyderabad

by

Uma Devi

Hyderabad The capital of Telangana is now bustling with hectic commercial activities especially in the real estate sector. As a major manufacturing hub and home for some of the biggest and famous technology/IT firms, Hyderabad is witnessing a high demand for self-sufficient premium townships among the investors willing to invest in the Hyderabad real estate.

Every day over 400 units are up for sale in the real estate market with prices ranging from Rs.25 lakhs to Rs. 5 crores and above. There is a large volume of enquiries pouring on from the prospective buyers for mid range properties in the range of Rs.35-80 lakhs. In the majority of cases, the buyers are waiting for an appropriate time to invest in new projects that are coming up in the city of Hyderabad. The types of buyers who are lining up to invest include young professionals with a small family and working in IT/ITeS and BPO companies.

The recent trend that is emerging is that the IT professionals working in the same office or IT firm are deciding to invest in the same project with this trend mostly found in Non-natives who are more enthusiastic in purchasing property in Hyderabad. The natives on the other hand are more complacent as they prefer to live in their ancestral houses in the city or aspire to live with their parents like a joint family.

Hyderabad the capital city of Telangana has emerged as the most affordable avenue for buying real estate when compared with cities like Mumbai, Delhi, and Bangalore. In Hyderabad city, the property prices have declined by almost 5% during the past three years. The main advantages of this city are a well-established infrastructure and the growth in entrepreneurship and job opportunities is drawing buyers or end users to this city.

In addition, with the passage of the Real Estate Bill in the Upper House of Parliament is expected to protect the interests of the buyers thereby increasing the role of buyers in the real estate market of Hyderabad. Buyers are playing a pivotal role in enhancing the property market in Hyderabad. As per the India Apartment Index by Magic Bricks (reputed property portal) the long-term trends of real estate market of Hyderabad, has remained moreover on a declining trend over the past three years. There has been only 4.5% increment and when compared with inflation then the property cost in Hyderabad is much similar or lower than what the prices existed some two years back.

Hottest new projects in the pipeline

The new housing projects in the form of townships that are worth investing are located in areas such as Rajendra Nagar, Gachibowli, Nanakramguda, Film Nagar, Jubilee Hills, Hi-Tech City, Madhapur, Badlaguda Jagir, Narsingi, Kukatpally, Bachupalli, Adibatla, Sainikpuri and other commercial areas of Hyderabad city. Well-established real estate developers have already entered these above-mentioned areas with their housing projects and township plans. The market is flooded with integrated townships followed by villas, plots and multi-storey apartments. The following township projects are in the list of hot property in Hyderabad for prospective buyers and these include-

One City One City is a project of Tata Builders in Hitech City Mail road, KPHB that was launched in April 2016 and expected to be completed by April 2019. This housing project is located in areas that are well known for their commercial value such as Hi-Tech City, Malaysian Township, Sujana Forum Mall etc. This housing project consists of 1350 units of 2-BHK, and 3-BHK apartments having an area in the sizes ranging from 1208 sq ft to 1931 sq ft. This project has all amenities such as banks, ATMs, reputed educational institutions, health care centers nearby.

Kalpataru Residency This is the other premium housing project developed by Kalpataru Limited Developers in the Sanath Nagar locality. With sprawling 2, 2.5 and 3 BHK apartments, thoughtfully designed and masterfully crafted to suit your sophisticated tastes. The Project has the amenities such as clubhouse, swimming pool, spa, gymnasium etc.

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