Over 500 Plots Up For Sale In Hyderabad
Those looking to reap long-term gains out of property investments prefer putting their money into plots for obvious reasons. Plots are their sure shot way of getting high returns with lower capital investments.
Now, if you are looking to make money by investing in plots of Hyderabad, a rare city which has seen property prices rising in the past couple of years, you must take a look:
The city has a healthy supply of about 500 plotted developments priced between Rs 60,000 and Rs 2.70 crore, broadly. The sizes vary between 600 sqft and 24,000 sqft.
Bhuvanagiri, Shadnagar, Bibinagar, Ghatkesar, Pochampally, Shamshabad, Somajiguda, Maheshwaram, Alwal, Sanath Nagar, Komshetpalle, Kadthal, Medchal, Kothur, Shankarapalli, Mazidpur, Mangalpally, Patencheru, Moinabad, Adibatla, Bhanur and Bongloor are some of the popular areas for plots.
Depending upon the size and make of the plots as well as the brand of the developer, plots are priced at various price points. The social infrastructure is another decisive factor of prices.
For example, PropTiger data suggest that areas such as Kothur, Bhuvangiri, Kompally, Bandlaguda Jagir, Balapur, Sanath Nagar, Shamshabad, Uppal Kalan, Shadnagar, Rajendra Nagar, Bachupally, Thunkutna and Chandanagar have a livability score of 8 to 8.4 on a scale of 10. These areas have better access to hospitals, schools, banks, etc. The average budget you need to reserve for plots in these localities is Rs 20 lakh.
Should you invest in Hyderabad?
The youngest lot of unsold inventory lying in the city is a popular pick among buyers without a doubt. More and more job opportunities have further fueled the chances of an upsurge in housing demand in the city. According to the state government, about 50,000 new government recruitments will be on the platter soon. Hyderabad that way may be going the Bengaluru way.
Besides, efforts have been diverted to equip the city with better civic and physical infrastructure ― Read expanding Metro network, upcoming central call centre to address civic issues and process to digitised land records. By focusing on the latter, the municipality is trying to come down on illegal constructions rather heavily.
At present with affordability in play, it makes sense to invest in the city. As long as the entry prices are concerned, there are ample choices for a prospective home buyer. But that needn't mean that prices aren't growing. In the last two years, Hyderabad has registered a price growth of 18.9 per cent. The preferred localities for an investment are Nanakramguda, Hitech City, Kukatpally, Kokapet, Manikonda and Nizampet.
Click here to go through the best projects in Hyderabad.
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