The Real Estate in Hyderabad is at the beginning to bustle. The development of the city in the Northern and Southern region is luring several intelligent investors.
It is known that the new IT Hub in the Northern side at Kandlakoya has pumped in Oxygen to the Reality prices of Medchal, Kallakal and Manoharabad.
An estimation says that the prices would go up to Rs 45,000- Rs 50,000 per sq yard between these places closer to the Highway in a year. Right now they are anywhere between Rs 10,000 to Rs. 25,000. This is for the investors to lift the fortune in the near future.
On the other hand the most tempting area for Hi-Tec buyers to own a home for living happens to be Shamshabad in the Southern side of Hyderabad.
My Home group is coming up with a whopping 2000 acre gated community venture in this region closer to the ORR. All that it consumes is just 30 mins to reach Gachibowli from Shamshabad via ORR.
The price of an acre in Gachibowli belt is four times higher than that of Shamshabad at present. So, the buyers may get a 3 BHK at Rs 4000 per sqft in a posh gated community in Shamshabad region.
A techie working in an MNC says, "I'm now living in a flat in Kondapur and working in Gachibowli. I am in the mood of buying my second flat shortly. But I paused my idea as I feel I can own a villa in Shamshabad for the price I shell out for a flat around Gachibowli".
So, this looks like many could fulfil their villa dreams with Shamshabad opening their doors.