Kondapur race ahead in Property price appreciation in Hyderabad - MakaanIQ
The Hyderabad real estate sector has been going through a lean patch and has pinned its hopes on some clarity emerging on the Telangana issue. the market consists of a decent mix of end use and investor interest. In an attempt to update & inform real estate investors regarding areas that have appreciated the most, Makaan.com, the fastest growing property website in India, conducted a research during the month of May 2012. The research tracked residential property prices in April-May 2012 and compared them with the corresponding figures for last year. The study was conducted across 5 major cities – Delhi NCR, Mumbai, Bangalore, Pune and Hyderabad. The research for Hyderabad was conducted among 15 key localities. Here are some findings of the research.
Locality that has appreciated the maximum (see info graphics below) is Kondapur with 21.8% among others which is a reasonable growth. Kondapur is a dream location for any IT / ITES employee in Hyderabad. Situated close to both the IT Parks (Gachibowli and Hi-Tech City), it forms an ideal destination for anyone in the IT Field. With abundant facilities like schools, hospitals and malls it ensures a comfortable living. Even the outer ring road is very much accessible for the residents of Kondapur which ensures easy transportation.
Other localities of Hyderabad that featured in the top appreciated localities are Miyapur, old favorite Gachibowli and Kakatpally with property price appreciation of 12%, 9% and 8% respectifully.
Commenting on the findings Mr. Aditya Verma – COO, Makaan.com says “This research once again reinforces that good infrastructure, superior connectivity and consumer convenience will continue to be the established mantra of real estate success. It also establishes that existing prices need not be a deterrent to the growth potential of any area”.