Hyderabad is gaining momentum as a lucrative residential option for many individuals. Especially, the suburbs in the North-West part of the Hyderabad city are witnessing a huge demand for residential properties. The affordable houses in this area are within the reach of common man and therefore makes it a favourite destination.
Following are some of the localities in Northwest Hyderabad that are considered to be a safe-bet for property investment.
Pragathi Nagar, a residential suburb in Kukatpally, Hyderabad. It is a preferred destination to buy a residential home due to the following reasons:
- Many new projects with good amenities offer both 2 BHK and 3 BHK residential units.
- The residential units range from Rs 25 lakhs to Rs 65 lakhs which is affordable for many middle-income groups.
- The proximity to Hitec City and Financial District makes this a favoured location to either buy or rent residential houses in this area.
- There are many schools, hospitals, colleges, supermarkets, and metro rail, and road connectivity in Pragathi Nagar.
Miyapur has become one of the busiest places in Hyderabad due to the arrival of Hyderabad Metro Rail. Miyapur has emerged as a promising investment destination due to the following reasons:
- Well-connected to IT parks and offices in Hitec City and Gachibowli.
- Wide roads and Metro rail connectivity have reduced traffic congestion in Miyapur.
- The residential units available in Miyapur range from Rs 3000 per sq. ft. to Rs 4800 per sq. ft.
Bachupally area has emerged as the most preferred destination among the prospective home buyers and investors due to:
- With a wide range of housing options starting at the price of Rs. 11 lakhs the locality has been grasping the attention of mid-income home buyers.
- The other major factor that drives the real estate in Bachupally includes connectivity to all areas in the city through TSRTC (state-run bus service).
- With lush green vegetation, Bachupally is one of the best areas to buy a home.
Buyers can log into the website, www.propertyadviser.in for more information about residential projects at an affordable price in Hyderabad.
By: Shailaja K