Do you also believe that buying a house in prime locations makes sense?
Are you buying your first-house or are you a seasoned real estate investor?
Let’s find out how you will benefit if you buy a house in a prime location.
The prices of houses in prime locations appreciate as the demand for the residential houses is always high in these areas. Lee Associates Company, a commercial real estate services firm conducted a survey. Per the survey, the infrastructure in prime locations such as Banjara Hills, Jubilee Hills, Madhapur, Kukatpally, Vanasthalipuram, and Maitrivanam in Hyderabad will improve by 2026. The report further states that infrastructure in prime localities improves by 2041 compared to 2016.
The table below gives you a detailed location-wise growth estimate in the prime locations from 2016 to 2041:
|Areas||Current Population (2016 - 2018)||Future Population (2041)||Present Job Opportunities (2016-2018)||Future Job Opportunities (2041)||Built-up Area (2016-2018)||Future Built-up Area (2041)|
|Banjara Hills and Jubilee Hills||1.69 lakh||2.09 lakh||0.82 lakh||1.94 lakh||106 Million sq.ft||181 Million sq.ft|
|Madapur Mindspace||0.72 lakh||1.88 lakh||1.42 lakh||4.42 lakh||163 Million sq.ft||396 Million sq.ft|
|Kukatpally||1.58 lakh||3.72 lakh||0.44 lakh||1.79 lakh||70 Million sq.ft||195 Million sq.ft|
|Vanastalipuram||0.71 lakh||1.42 lakh||0.26 lakh||0.59 lakh||48 Million sq.ft||84 Million sq.ft|
|Maitrivanam||0.93 lakh||1.15 lakh.||0.84 lakh||1.42 lakh||-||-|
Let’s find out about developments till date in the following areas:
Banjara Hills and Jubilee Hills
Banjara Hills and Jubilee Hills are commercial and residential hubs of Hyderabad. Clean and wide roads have reduced traffic congestion in this area. Good infrastructure and a pleasant environment attracted many people to buy houses in these areas. Investing in properties with amenities saves you time, money, and energy.
Madhapur, a commercial hub is emerging as a residential hub too. There is increased residential real estate activity due to good demand for apartments and gated communities in this area.
Kukatpally is a residential hub in Hyderabad. The area is located in Corridor-1 of Hyderabad Metro Rail, covering nearly 12 km from Miyapur to SR Nagar stretch with stations in KPHB Colony and JNTU. Hyderabad Metro Rail improved connectivity to this area. The shorter commuting time to work is one of the reasons that have attracted many employees from the IT industry to invest in this area.
Vanasthalipuram is a busy commercial and residential locality. Buying a home in developed areas enriches you as you can socialise and enjoy being part of a great community. Excellent connectivity to major software offices, wider roads, and easy commutation to any place with TSRTC bus services has made Vanasthalipuram one of the busiest places in Hyderabad.
Maitrivanam is a popular residential and commercial hub of Hyderabad. Buy a house near Hyderabad Metro Station in Ameerpet and save your time during the commute. Metro is one of the safest, fastest, cleanest and most frequent means of transportation that the city has. The interchange station in this area has increased real estate activity.
5 Characteristics to Evaluate If the Location of Your House Is Good
One of the most important aspects when choosing a house is the location. For residential properties, proximity to services such as schools, restaurants, shopping centres and hospitals determines, to a large extent the surplus value of your property.
One of the most common mistakes when choosing a new home is to consider only established areas, where land and houses generally have a much higher acquisition cost. Cities are constantly expanding, and if you have prospected to build road connections, shopping centres or other services within a period of 3 to 5 years, your home can acquire a much higher value.
The five characteristics with which you can evaluate that your house is in a good location are as follows.
It is one of the most valued aspects of residential complexes. The control of access and permanent monitoring are some of the measures that provide tranquillity to the inhabitants within their property and in common areas.
If you have children, this is an important aspect to consider to make transportation times more efficient in your daily routine. It is also an excellent option to consider since homes with educational centres near your area have to be quoted at higher prices.
Access to Shopping Centers
Save your time to reach the shop by having a home close to the best shopping areas in the city. A factor that undoubtedly determines the excellent location of your home.
It is very important to have easy access to your home through fast road connections and connected to strategic points in the city. Buying a home near all available services will make you lead a happy and comfortable lifestyle.
Five Benefits of Living in Prominent Areas at Gated Community Apartments
Buying a house in prominent areas like Kukatpally, Hitec City, Gachibowli, Jubilee Hills, Banjara Hills, and Madhapur offers the greatest benefits for everyone. When you are already determined to buy a house, a series of common questions arise such as where is the best option to buy a house? Is the Kukatpally area is a good option? The answer will depend on the lifestyle of your family and the different needs.
Security For All
One of the major benefits of living in apartments in prominent areas is that the perimeter is closed and they have more than one security guard to protect strategic areas. At the moment that your visitors enter the trained personnel will request their data to have greater control.
In addition to the internal attractions of the gated community apartments, real estate agencies select areas close to schools, hospitals, supermarkets, shopping centres, access roads to meet the different needs of residents. The main objective of the residential properties is to be in a strategic place where people can live with all the comforts without having to travel long distances.
The amenities are various services that are available to residents and their guests to transform their activities and help them to put aside the routine with different dynamics. The gated community apartments in Hyderabad prominent locations offers modern and comfortable amenities includes the fully equipped gym, area for yoga, jogging track, social room for events, outdoor areas, parks, etc.
Comfortable Life in the Community
Social life is quite due to the closeness that exists with neighbours, which will give them a sense of belonging and living in the community. Having the support of neighbours will be very beneficial for those times when you should leave your home for a trip abroad for pleasure, or if you have an emergency, you can count on your neighbours.
Perfect Investment Option
Investment in real estate, in general, is safe because they are assets that hardly lose their value or depreciate; on the contrary, with time, they tend to increase their value. If you buy a home in trending gated community apartments in Hyderabad include Green Grace Aurora Block at Nanakramguda, EIPL Apila at Gandipet, NCC Urban One in Narsingi, Muppas Alankrita in Narsingi, Saket Bhu Satva at Gundlapochampally, EIPL LA PALOMA at Mokila, Hallmark Vicinia at Narsingi, and Jewel Park at Puppalaguda. The residential projects with its modern architecture, the functional distribution and easy access are ensuring a good return on investment.
By living in gated community apartments or houses in Hyderabad, you will acquire all these benefits. Also, your children will be able to play freely and enjoy their childhood, and you can rest easy because they will be in a protected place.
Due to lesser vehicular traffic, more open space, lower population density, and lower pollution than the neighbouring areas, many people prefer to buy a home in the outskirts of Hyderabad areas like Medchal, Shamirpet, Ghatkesar, Hayat Nagar, Adibhatla, Shamshabad, Bandlaguda, Kismatpur, Narapally, and Patancheru. Improvement of infrastructure facilities has driven real estate sector in Hyderabad.
Benefits of Buying a Home in the Outskirts of Hyderabad
Improve Your Quality of Life
The houses in the outskirts are usually quite far from the big cities, and this prevents you from overexposing yourself to the environmental pollution of the city, thus reducing essential risks for the health of your body. Also, your home allows children to grow up in a healthier environment, and the elders can enjoy a peaceful environment.
Have More Privacy
In general, the buildings in the city are made up of large buildings whose houses are smaller and live with more neighbours, which means that you can not act with full freedom for the strict respect of the rules of coexistence. On the contrary, the houses in the outskirts are designed spaciously, and you can enjoy the environment freely.
Get Rid of Traffic and Noise
Another great advantage of buying a home in the outskirts is to get away from the inconvenience caused by traffic and noise. It is clear that when you live in this area, you can take alternate access roads and avoid encountering the uncomfortable heavy traffic to arrive at your home.
Connects with Nature
Undoubtedly, an important benefit of buying a home in the outskirts is that being surrounded by a natural environment favours calmness, teaches you to pay attention to the truly important things, You will lead your life with peace and harmony. Is that buying a home in outskirts brings many benefits that contribute to improving your quality of life and your family. So invest in developing areas and lead a tension free happy life.
Infrastructure Developments in 2018 - 2019
Improvement in infrastructure has played a major role in boosting the real estate market in Hyderabad. The Telangana government has planned to improve infrastructure in Hyderabad, which is expected to develop the real estate sector.
The government key infrastructure projects in Hyderabad include
- Hyderabad Metro Rail.
- Many major junctions in the city are developed as signal-free junctions.
- Several underpasses are constructed from the Jubilee Bus Stand to Shamirpet-Turkapally, Uppal to Ghatkesar, Paradise Junction to Kompally and other areas in Hyderabad.
- The state government plans to roll out a new electric vehicle policy this year.
- Widening of National Highway from Hyderabad - Outer Ring Road (ORR) to Medak Junction stretching to 63 km.
- The semi-elevated expressway will be constructed on NH-44 between Aramgarh and Shamshabad. It will help you to reach the RGIA (Rajiv Gandhi International Airport, Shamshabad) faster.
- The proposed 6.5 km long, elevated expressway on NH-202 from Uppal to Boduppal.
- The proposed 1.5 km flyover over 6 Number Junction and Amberpet Junction on NH-202.
- The government has sanctioned 3155 km for new national highways in the last four years to Telangana.
The upcoming development plans are expected to improve the overall infrastructure of Telangana.
Your home is the most important place for the welfare and development of the family and the most important tangible heritage because that place is where your children will grow and live together for a long time.
How do you find a house to buy in the prime locations?
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By: Shailaja K