Is This The Right Time To Enter Bachupally Property Market?
A budget of Rs 20 lakh may sound paltry to you, but that is a good amount to buy out an investment property or even a house for self-use in Hyderabad. In this article, we will speak about one such location which is currently quite under-rated, and makes for a perfect choice to those who are looking for investment properties.
Yes, we are talking about Bachupally!
Residential properties at Bachupally are selling in the range of Rs 20 lakh. The average property prices at Bachupally are pegged at Rs 2,000 per sq ft. That means, a budget of Rs 20 lakh can bring you a 1,000- square-foot (sqft) 2BHK apartment.
Now you might think that this locality must be situated in the far-flung area in Hyderabad. It is not like that. Bachupally is merely 20 kilometre (km) away from the Hyderabad central, and one can reach out the main city locations within 30-45 minutes if one is driving. All you need is to jump on the National Highway 65 (NH65) that flows in and across the city from this location.
This fact will also take away all your concerns about the connectivity the locality offers to its citizens. There is a well-developed network of roads which connects the locality with nearly all the major parts of the city. To avoid traffic congestion, you can also access the Outer Ring Road (ORR) that is connected via the Bachupally Road and the Mallampet Road.
Once you are on the ORR, you can swiftly access any part of the city. The prime commercial areas such as HITEC City and Gacchibowli are located at a distance of 18-20 km, and can be reached in a matter of 45-60 minutes if you are driving. The same applies on Jubilee Hills. Miyapur is merely seven-km away. Once the Metro rail work is completed, Miyapur will be the closest Metro station from this locality. Kukatpally is another neighbourhood location that is located at a distance of around 10 km.
Do these factors present some solid reasons why you should invest in residential properties in Bachupally? The property prices as of now are floating at quite low levels. There is a wide availability of 2BHK apartments priced below Rs 20 lakh. There are properties that are bigger in size. One can also locate residential properties as big as 3,000 sqft, priced at Rs 60-80 lakh.
In short, there is no dearth of residential properties in Bachupally. While you can enter the market with a corpus of Rs 20 lakh, you can go for expansive units as big as 3,000-4,000 sqft.
The locality is about to get Inter City Bus Terminal (ICTB) in the vicinity. Once this bus terminal is operational, the property prices are likely to increase by at least two-five per cent in the near term.