Three localities in Hyderabad that are bustling with construction activities

Several localities off late in Hyderabad have caught the eye of many real estate developers and home buyers. Factors such as rapid developments, seamless connectivity and ample of affordable housing options are what have attributed towards neighbourhoods become residential catchment areas. The top three vicinities that are cited to be most preferred by property seekers are Kukatpally, Manikonda and Miyapur. Below we go into details why these localities are running high on housing demand and how developers are new flats for sale in Hyderabad to meet the growing supply.

Miyapur

Situated along the Pune - Hyderabad - Machillipatam Highway) or National Highway 9 - Miyapur is a brimming active residential hotspot. Its proximity to IT corridors like Gachibowli and HITEC City have played a pivotal role in flourishing the vicinity’s realty sector. The existence of many educational institutions and recreational spots like restaurants have attracted a fair share of the cosmopolitan crowd. With most of the property seekers here demanding for affordable homes, local real estate developers are coming up with several capital ventures that offer homes at economical prices. 3 BHK flats in Hyderabad’s Miyapur are estimated to hover anywhere between Rs 2,512 and Rs 3,910 per square feet. The demand for residential plots too have pushed property prices to soar. On an average, plots in Miyapur are estimated to cost Rs 23,566 per square yard.

Manikonda

Offering the perfect blend of both commercial and residential spaces together - Manikonda is one of the most sought after realty locality in Hyderabad city. Its nearness to established vicinities like Kondapur, Shaikpet and Jubilee Hills have ensure the neighbourhood remains as an active residential micro market. While over 233 residential projects dot the landscape of the locality, over 30 projects are in the ongoing stage. Most of the new flats for sale in Hyderabad, especially in Manikonda are either ready to move in or are due possession by end of the year. Property prices of apartments here fall under the price bracket of Rs 2,250 and Rs 3,571 per square feet. While builder floor apartments cost an average of Rs 2,715 per square feet, residential plots range between Rs 2,301 and Rs 3,215 per square feet.

Kukatpally

Linking the vicinity to other parts of the city are two arterial roads - Mumbai Highway and JNTU Road. Other roads like Pragathi Nagar and Nizampet Road too have ensured the vicinity remains a hot realty spot. Its proximity to Madhapur, HITEC City and L&T Infocity have spurred realty demand here. Working professionals from nearby IT parks are creating a realty demand forcing major players to enter the market and offer several residential capital ventures. While most of the projects are either in the under construction stage of ready to move in- capital values of 3 BHK flats in Hyderabad’s Kukatpally range anywhere between Rs 3,458 and Rs 4,440 per square feet.

So no matter who you are - an investor or an end user, Hyderabad is the place for you. You are not only spoilt for choice here but their high ROI and robust rental returns sure make your realty investment here a beneficial one!

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