Well, everyone loves enjoying a luxurious life at an affordable price, and micro-markets are one of those areas that cater to your same requirements. These micro-markets are booming areas that depict the increasing graph with the potential to yield a high return on investment, offering you a premium infrastructure nearby and residential projects loaded in the area with premium amenities and facilities on the premises at an affordable price. Today, we will discuss the top localities in Hyderabad that will help you decide which micro-market would suit you and your requirements.
Tellapur is one of the fastest-growing locations in west Hyderabad. Due to its proximity to the IT hub of the financial district and the outer ring road (ORR), it is one of the prime locations that attracts homebuyers and investors to invest in the growing residential market of Tellapur. Its excellent infrastructure, including wide roads, flyovers, and underpasses, with six-lane road construction in progress, is expected to increase the demand for residential property and reduce vehicular congestion, making the commute easy for commuters. In addition, the nearest Miyapur metro station and Rajiv Gandhi International Airport are just 6 km and 29 km away, respectively, to ensure easy connectivity in the city and around the globe.
Furthermore, the Hyderabad Metropolitan Development Authority has developed a plan to integrate all social, civic, and commercial infrastructure, which has led to an increase in the demand for apartments and plots. With this outstanding infrastructure, the strategic location of Tellapur has helped it to emerge as a remarkably prosperous residential destination. The demand for apartments is increasing in tandem with the projects being launched by renowned developers. The rental rate of the apartment varies between 5.8k to 7.5k as for 1bhk, while for 2bhk it ranges between 15k-20k and for 3bhk apartments it varies between 25k-30k per month. However, if you are fond of luxurious properties then head towards villas that range between 3 crores – 6.5 crores.
The western outskirts are home to Narsingi. With good social infrastructure and connectivity, Narsingi has multiple residential options available, including villas, gated communities, and community apartments that cover a wide range of affordable properties to premium and luxurious ones that cater to your elite requirements. The additional two new interchanges proposed by the Hyderabad Metropolitan Development Authority (HMDA) to the existing 19 interchanges on a 158 km stretch of the outer ring road are expected to relieve the traffic congestion at Narsingi and Janwada. Currently, HMDA has invited expert opinion to plan this interchange at Narsingi and Janwada as well as an overpass between Nanakramguda and Kollur on the ORR stretch. The premium projects here are launched by Alekhya Homes-Rise and Hallmark Builders—Sky Erena. The basic rental price here varies between 6.3k - 7.8k for 1 bhk, where 2bhk properties range between 20k – 25k, and 3bhk varies between 30k – 35k, with the highest yield in Hyderabad. However, if your budget allows, you can choose villas that range between 4 crores – 12 crores.
As greenery is one of the important aspects of luxury and peaceful living, Bachupally is a premium real estate investment option for the future. Its lush green surroundings attract homebuyers and investors. Although apartments in Gachibowli are in a growing market, there is a substantial overflow of consumption to nearby zones, and Bachupally is one of them. It is gaining popularity from an increased supply of IT and ITeS working professionals from Gachibowli and nearby IT clusters, as well as from households. Bachupally’s explosive growth as a popular area of residence has been fueled by its closeness to the Gachibowli economic and IT hub, including HITECH City.
The excellent road and railway connectivity to a multitude of places in Hyderabad provides easy access to shopping malls, academic institutions, clinics, and resorts. HITECH City and Gachibowli are about a 30-35-minute walk away, while the nearest MMTS station is Hafeez Pet, which is about 20 minutes away. At such a premium location, Praneeth Group has launched its project to cater to your luxurious needs at an affordable price. The basic rental price in this location varies between 5.5k – 6.5k for 1 BHK, whereas for 2 bhk it ranges between 15k – 18k, and for 3 BHK it varies between 22k – 25k per month. However, you can choose villas to experience the ultimate luxury that range between 3 crores – 5 crores.
Kokapet is one of the fastest growing residential locations in the southwest zone of Hyderabad. With good infrastructural development and proximity to the mainstream areas, it has attracted homebuyers and investors to invest in Kokapet real estate residential market. The properties in Kokapet are abundant; some are under construction while others are on the verge of completion and occupancy. Many builders and developers, like Prestige Developers and Poulomi Palazzo, are in constant endeavour to bring in more quality residential projects to match the expectations of future inhabitants. Commercial complexes, including supermarkets, schools, restaurants, fitness centers, and banks, are in abundance.
Its proximity to the IT hubs of Gachibowli, a Hi-tech city, and Madhapur, Kokapet is also the nearest destination to the financial district of Hyderabad, which makes it one of the best housing options for employees working in the area. Besides, a trumpet road is soon to begin construction from the ORR up to Kokapet to create unimpeded access to the area, keeping in view the future construction of multistory buildings, the increase in employee turnout, and the floating population. Hence, the basic price here varies between 7.5k–12k where 2BHK and 3BHK apartments range between 20k–25k and 30k–35k respectively, while spacious and luxurious villas range between 7 crores – 15 crores. The property rates are expected to pick up the pace very soon.
Now that you know the above four are the top micro-markets and one of the fastest growing areas in Hyderabad, you can plan which is the best area to buy flat in Hyderabad. However, while planning to invest in any of the top localities in Hyderabad, you must check the credibility of the developer in order to avoid any fraudulent cases. We are helping you here in exploring the projects from top developers that includes, Prestige Group, Sumadhura Group, Koncept Ambience Group, BSCPL Infrastructure Limited, Sri Aditya Private Limited, and Candor developers (You can link the projects with its respective developer) who have a successful track record of delivering the projects within deadline. For more details, contact our experts, who can help you find the best deals to make your dream home a reality.