[ecis2016.org] Kondapur, a prominent residential area located in Hyderabad, has experienced price appreciation of more than 40% in the last few years. It is a sought-after residential destination and is well-connected to the commercial hubs of the city
Kondapur is one of the most popular residential areas in Hyderabad that is well-planned and offers good social infrastructure and connectivity to its residents. Demand for flats in Kondapur has gone up since the area is regarded as a major gateway to Hitech City—the biggest IT hub of Hyderabad, which is only 4 kilometres away from the locality.
You are reading: Kondapur property market: An overview
Kondapur is very well-connected with the central and other parts of Hyderabad, via the Outer Ring Road (ORR) which is just 3 kilometres away. The area is also very close to the sporting arena in Gachibowli.
Kondapur real estate was highly unstable until the Hafeezpet Flyover connecting Miyapur and Gachibowli was constructed. After this development, there was remarkable price appreciation of apartments in Kondapur. Today, the real estate market in the locality is experiencing huge growth and several housing complexes and independent houses in Kondapur have been launched. All the upcoming projects in Kondapur offer an urban lifestyle to its residents with all the basic amenities at affordable prices.
The well-known builders in Kondapur include Sark Projects, SVC Ventures Pvt Ltd, Sri Sreenivasa and Pavani Groups. Nearby localities of Kondapur include Gachibowli, Tellapur, Madhapur, Kukatpally, Hitech City, Nizampet, Miyapur, Manikonda, Sanath Nagar, Serilingampally and Kokapet.
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Connectivity with nearby Kondapur localities
- Lingampally railway station is the closest railway station, located at a distance of 4 kilometres.
- The Rajiv Gandhi International Airport is about 33 kilometres from the area.
- The major bus stations of the locality include Kothaguda, Kothaguda-Miyapur bus stop and Kondapur bus depot.
- The ORR is one of the most important roads in Hyderabad and it is 3 kilometres away from Kondapur.
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Employment hubs near Kondapur
- The biggest IT hub of Hyderabad—Hitech City is just 4 kilometres away from Kondapur. The offices of Google, Deloitte and TCS are located in Hitech City.
- Kondapur is easily accessible from areas like Secunderabad, Madhapur, Koti, Kothaguda and other major commercial hubs.
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Kondapur provides a very well-developed social infrastructure to its residents. Prominent schools in Kondapur include CHIREC Public School and Arbor International School. Popular hospitals in Kondapur include S Venkat Reddy Hospital and Rajitha Hospital. The shopping malls in Kondapur are Inorbit Mall and Forum Sujana Mall.
Read also : IATA chief warns about increasing costs of airport expansion
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Read also : IATA chief warns about increasing costs of airport expansion
Read also : Only 54% of land title documents digitised so far in Maharashtra
Price trends in Kondapur
- Price appreciation—Around 41.6% over the last one year.
- Current property rates—Rs 1,344-Rs 7,539 per sq ft.
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Reasons to invest in Kondapur
As per the price trends in Kondapur, there is a steep rise in past few years in the area. However, the growth of the locality is leading to certain issues like pollution, traffic congestion and garbage dumping. The street lighting is also not adequate. However, with the planned infrastructural developments and good connectivity, Kondapur is definitely becoming a preferred locality for home buyers and there is huge scope for further price appreciation in the future.
Check Properties at Kondapur
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Source: https://ecis2016.org
Category: Lifestyle
