Banjara Hills property market: An overview

[ecis2016.org] Banjara Hills is one of the most posh localities of Hyderabad. The biggest commercial ventures, hotels and residencies of the city, are located in this locality

Banjara Hills was earlier a hilly forest, where the royals under the Nizam’s dynasty lived. Today, this area has turned into a commercial area, where the most important hotels, restaurants and markets are located. The biggest hotels like Taj Deccan, Taj Krishna, Taj Banjara, etc., are located here. This is the most posh area of Hyderabad. Several builders in Banjara Hills like Green Boundaries, Gar Corp, etc., are constructing residential complexes. There are flats in Banjara Hills ranging from 3-BHK to 5-BHK. The amenities and services vary according to the buyer’s budget. There are several apartments and independent houses in Banjara Hills too.

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Connectivity with nearby Banjara Hills localities

• The distance from Banjara Hills to Rajiv Gandhi International Airport is 31.2 kilometres.
• The distance from Banjara Hills to Secunderabad Railway Station is 10.6 kilometres.
• There are several bus stops which help to connect with other parts of the city.

Read also : Thane, western suburbs, lead in registrations under MahaRERA

Read also : Benami Transactions Bill: Will it reduce black money transactions in real estate?

Employment hubs near Banjara Hills

• The distance from Banjara Hills to Begumpet is 6.8 kilometres.
• The distance from Banjara Hills to Jubilee Hills is 6.1 kilometres.
• The distance from Banjara Hills to Hi Tech City is 11.4 kilometres.

Read also : Thane, western suburbs, lead in registrations under MahaRERA

Read also : Benami Transactions Bill: Will it reduce black money transactions in real estate?

Schools in Banjara Hills and other social amenities

The various schools in this area include Meridian School and Bachpan School. The hospitals in Banjara Hills include Star Hospital and Century Hospital. The shopping complexes in Banjara Hills include GVK One and City Center. The ATMS of various banks in the locality are ICICI Bank ATM and HDFC Bank ATM. The famous restaurants in Banjara Hills are the Chinese Pavilion  and Barbeque Nation.

Read also : Thane, western suburbs, lead in registrations under MahaRERA

Read also : Benami Transactions Bill: Will it reduce black money transactions in real estate?

Price trends in Banjara Hills

The price trends in Banjara Hills from October 2016 to December 2016 has been the highest, with the rate for multi-storey buildings being Rs 8,235 per sq ft. The average rate is Rs 6,809 per sq ft and the lowest rate is Rs 5,383 per sq ft. The highest rate for builder floor apartment is Rs 6,300 per sq ft, the average rate is Rs 5,036 per sq ft and the lowest rate is Rs 3,772 per sq ft. The highest rate for residential houses is Rs 13,423 per sq ft, the average rate is Rs 10,619 per sq ft and the lowest in the locality is Rs 7,816 per sq ft.

Read also : Thane, western suburbs, lead in registrations under MahaRERA

Read also : Benami Transactions Bill: Will it reduce black money transactions in real estate?

Reasons to invest in Banjara Hills

Banjara Hills is the most posh area of Hyderabad today. The surrounding areas include Jubilee Hills. In this area, the most important offices and business hubs, hotels, shopping complexes, etc., are located and along with it are well-constructed residential complexes. The big real estate developers are investing a lot in this area and the pros of this area is that it is located in the heart of the city and all the important localities are close by. The biggest hotels, restaurants, pubs, clubs and shopping complexes are located in this area. The social infrastructure of this area is also very well-developed, with many schools and colleges, hospitals and other facilities. There are many well-equipped hospitals that provide a wide range of facilities. There are many refreshment options too like restaurants, parks and cinema halls.

Check Properties at Banjara Hills

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Source: https://ecis2016.org
Category: Lifestyle