Growing Real Estate Market In Hyderabad And Kothur Region

The real estate market is rapidly expanding in Hyderabad. It is mainly initiated with the increasing demand of financial buildings and Information Technology centres in and around the city. Apart from these, the availability of big shopping complexes and good schools has also contributed to the growth of real estate projects in Hyderabad. The open areas lying between Gachibowli and BHEL is highly under developed and has vast expanses of free land open to construction. It is slowly being engulfed by infrastructure companies who are taking up various projects in this zone.

The Tellapur region as well as the neighbouring area, Nallagandla have been developed into good socio-economic centre. Many commercial as well as residential complexes have been set up in this area in the past few years. The area started to attract buyers since last year, with the advent of metro connections. The metro connections shall join this place with the main city in just a wink of an eye. This place has thus become a popular hub of this present day with people and a new locality.

A Home Affair event was held by the Times Property group recently. It was mainly an exhibition of property that offered comfortable and luxurious homes. This Home Affair Exhibition 2014 took place from April 4 to April 6, at WestinRaheja, an IT Park in Hyderabad.

The event was held to introduce chief property builders of the area. It was duly attended by well established builders like Sri Sreenivasa Constructions,Aparna Constructions, Sankalp Corporations and Modi Builders. Planne developers like Vasavi and Vertex NCC Urban, Theme Ambience and Armsburg were also present in the Home Affair.

The exhibition was successful with place for about 1,500 visitors who were interested to find a business platform from these newly emerging projects. This introduced India’s some of the largest builders to property investors. The representatives from MAK Projects were quite enthralled with this meet as their DGM Sales; Ramakrishna has mentioned that they got positive vibes from this well organised property fair. There were already seven visitors to their sites in that short course.

The reaction of SrinathIyer, Sales Executive of Botanika was also quite rejoiced with this affair. They had a lot of visitors in the exhibition, especially on Sunday. The company is into selling high-profile condominiums and had around thirty aspirant buyers to go for a model site visit with them near Gachibowli, after registering in the exhibition stall. They were very excited with the investors as the high range was not a major factor to the buyers.

Another esteemed speaker, Sri Sreenivasa, Krishna Reddy, Sales head, said that they were expecting more onlookers and visitors as the footfall was below their expectations. They expected a lot more faces from the upper middle class section of the city.

A few property buyers were also interviewed to get the outlook from the other end as well. Investor Ramesh Rao was questioned about the Exhibition and he said that hehad come across many such projects which were worth investing in and were available at a reasonable price too. Hence a major fact was underlined that more buyers will be interested in near future to buy property in this zone. Many real estate in Hyderabad are hoping for the same.

Invest in a Residential Plot

Kothur is a small village in the district of Mahbubnagar which is around 35 km away from the main city of Hyderabad. This small area has a lot of residential plots and complexes to offer in the near future. According to the lists, the property value of this place varies from Rs. 5-20 lakh.

These plots are either approved by the Directorate of Town and Country Panning, (DTCP) or Hyderabad Metropolitan Development Authority, (HMDA). Some of the adjacent regions are also approved by the local Gram Panchayat.

The available plots may extend from about 100 square yards to about 300 square yards. The DTCP and HMDA approved plots are a branch of gated communities and have basic facilities like proper drainage, adequate supply of electric and water, open parks with roads pavements and alley.

The plots endorsed by the Gram Panchayat are quite open and devoid of any basic utility factors. These plots are sold at a lesser price as many of the plots lack regular commodities such as proper sewage and supply of water. This area is mainly a favourite of IT professionals and Government employees who don’t want to make a grand investment on plots. The major section of the clients here belongs to the IT sectors of HITEC City, Kukatpally, Gachibowli, Kondapur and so on.

The Telengana issue has harmed the plot deals to a great extent. The plots which were sold at around Rs. 4200 per square yard, a year back have now a value which has dropped down to only Rs. 3600 per square yard. This is a good opportunity for the buyers who are keen on investing at a low financial plan.

This deficiency in price won’t last for long as new important projects by well-known developers like Kirthana Properties, DLF, Vasundhara Projects and many more will soon grow and flourish in this region. Thus due to these land grant projects and upcoming textile industries, the property prices may rise again.

The locality is preferred by investors mostly rather than end users, as the area are still not entirely developed in infrastructural and social aspects like hospitals, banks, schools markets etc. Shad Nagar is a town lying 10-12 km away from Kothur and is enriched with all the nominal facilities needed for livelihood. This land is in close proximity of the Airport but is not approved by the DTCP or HMDA as they lie under prohibited zone while Kothur is not a part of restricted area. Investors can easily invest in a plot around Kothur.

Kothur is located on the Hyderabad-Bangalore Highway or NH-7 and is located 24 km away the Rajiv Gandhi International Airport. There are ample railway stations like the Thimmapur Railway Station, Kothur Railway Station and the Shadnagar Station which joins this place to the main centre of the city.

Builders are now just expecting a stable Government in the upcoming election as it would help in further development of this area.