Lifestyle

Top 5 localities for buying plots in Hyderabad

[ecis2016.org] We list the top 5 localities in Hyderabad, to invest in plots from nearly Rs 2 lakhs to Rs 13 crores

Many investors prefer to invest in land, simply for the reason that over the mid to long-term, there are better chances of getting a higher yield. In this article, we list the top localities for investing in plots in Hyderabad. However, first, we look at why an investment in plotted developments may be a smart move.

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Price appreciation from investment in plots

Unlike apartments or villas, a plot may yield higher returns in the mid to long term. One of the prerequisites to ensure good appreciation, is that the investment should be in a strategic location. If there are multiple indicators for potential development in a particular location, there are better chances of ensuring good returns on investment.

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Starting price for investing in plots

Compared to other property types, plots are not very costly. It does depend on the size of the plot and the exact location. However, the good part is, if you are a young buyer, it can prove rewarding to invest early on in the development cycle of a particular area.

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The main criteria to consider while investing in plots, is that the investment should be in a strategic location. Do not be lured by lower entry points or higher appreciation. Your investment will work, only if you can gauge the market well. As per listings on ecis2016.org, here are the top five localities you can consider, when planning to invest in plots in Hyderabad in 2020.

Plots fo sale in Hyderabad

Plots for sale in Narsingi

One of the best things about Narsingi, is its accessibility to the job hubs of Hitec City and Gachibowli. If you are a professional working in either of these locations or in areas adjacent to it, Narsingi may be a good option for you. Do check the availability of water, before you invest.

Read also : Nearly 6,500 DDA flats surrendered by allottees: Housing minister

There is a healthy supply of plots in Narsingi starting from Rs 3 lakhs to Rs 6 crores. Sizes vary from 1,800 sq ft to 8,500 sq ft as per current listings.

Check out plots for sale in Narsingi

[ecis2016.org] Price trends in Narsingi

Plots for sale in Chandanagar

Chandanagar in north-west Hyderabad is strategically located along NH-65 and close to Miyapur, Lingampally, BHEL township and Hafeezpet. Those who are eyeing affordable property purchases, usually consider this area. Chandanagar is a mature market and the connectivity via the national highway, the Chandanagar railway station and Miyapur metro station, is also a bonus. It is also close to the business districts of Gachibowli and Hitec City. However, you need to be careful when selecting the property of your choice, because a number of illegal developments have also sprung up.

The starting price of plots in Chandanagar is Rs 6 lakhs and it may go up to Rs 2.25 crores, depending on the size of the plot, exact location, level of development, amenities, etc.

Check out plots for sale in Chandanagar, Hyderabad

[ecis2016.org] Price trends in Chandanagar

Plots for sale in Manikonda

A number of IT/ITes companies in the area, makes it a suitable locality for professionals employed in these companies. An investment in plots here will be a wise decision, given that the area has witnessed many infrastructure developments, such as the Nehru Outer Ring Road and resultant connectivity to Hitec City, the airport, the Games village and more. Manikonda is gaining popularity among families, owing to the presence of many schools. Rental housing has been gathering pace, as well.

As per listings with ecis2016.org, the prices of plots are in the range of Rs 5 lakhs to Rs 7 crores, depending on the availability, size of the plot, nature of development, etc.

Check out plots for sale in Manikonda

Read also : How urban traffic affects the property market

[ecis2016.org] Price trends in Manikonda

Plots for sale in Kompally

Proximity to the Outer Ring Road (ORR) gives Kompally a locational advantage. Additionally, it is well-connected to the airport and railway station. In years to come, connectivity may be enhanced resulting in better link with Gachibowli and Shamshabad. Residents in Kompally also have amenities in terms of healthcare, educational institutions and shopping centres, close by. In short, it is an easy life for those considering Kompally. Those working in Begumpet, Banjara Hills and Hitec City may also consider this location.

The starting price for a plot of 2,000 sq ft may be Rs 36 lakhs and bigger land parcels can cost you anywhere up to Rs 13 crores.

Check out plots for sale in Kompally

[ecis2016.org] Price trends in Kompally

Plots for sale in Shadnagar

Shadnagar is home to affordable housing and while transport facilities may not be the best, the area is gradually improving. Shadnagar is connected via ORR and NH-44 to other strategic locations. As compared to other localities, Shadnagar gives you numerous choices. There are over 500 plots for sale in Shadnagar.

Prices of plots in Shadnagar are in the range of Rs 1.8 lakhs to 8 crores.

Check out plots for sale in Shadnagar

[ecis2016.org] Price trends in Shadnagar

FAQ

Does Hyderabad have plotted developments for sale in 2020?

Yes, there are over 10,000 plots for sale in Hyderabad as per ecis2016.org .

What is the starting price of a plot in Hyderabad?

Depending on the location and amenities, the starting price of plots is Rs 1.5 lakhs.

How much capital appreciation can I expect if I invest in a plot in Hyderabad?

In the mid-term, that is three to five years, you can expect an appreciation of 5% to 10%, depending on the scope of development of the locality.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

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

Debora Berti

Università degli Studi di Firenze, IT

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