Why Hyderabad's Kompally Is Hit Among Buyers?
Are you looking for a 2BHK apartment in Hyderabad in the budget range of Rs 30-40 lakh at a location having seamless connectivity with the IT hubs such as Hitech City and Gachibowli? Kompally is one location you must check.
Properties at Kompally are gaining traction mainly due to their affordable pricing and emerging infrastructure. Needless to mention, the price points offered by projects in this locality make a viable proposition for property investors, too.
Where it stands
The locality is around 28 kilometre away from commercial business districts of Hitech City and Gachibowli, but, the distance can be covered in a matter of 45-60 minutes. Thanks to the Outer Ring Road (ORR) , Kompally residents can swiftly move around within the city without facing traffic issues.
Residential properties at Kompally make for a great destination for people working in Secunderabad. It is located merely 14 km from Secunderabad, and perhaps this is why Kompally has a large number of property buyers from Secunderabad. Meanwhile, the affordability factor is driving residential properties in Kompally and people from Hyderabad are not shying away to opt for this location either.
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“If I am getting an opportunity to own a residential property in Hyderabad at an affordable price, I won't mind considering a distant location. All I need is connectivity and decent infrastructure,” says Rajneesh Verma, a 32-year-old software professional working in Hitec City.
Rajneesh relocated to Hyderabad from Mumbai where the travel time between his home and office was more than four hours a day. There are thousands of such professionals who opt for Hyderabad due to its decongested infrastructure, quality infrastructure and livability. Among these professionals, residential properties in Kompally are a hit.
According to the listings available on Makaan.com, one can buy a 3BHK apartment at Rs 45-50 lakh in this locality. The average prices for residential apartments at Kompally hover in the range of Rs 2,500-3,500 per square foot (sqft) . That means a spacious 1,500-sq ft 3BHK apartment can be bought at Rs 50 lakh.
Where it is going
The location offers another great opportunity for those who have a dream of building their house according to their taste on an independent plot. There are gated-society projects which are selling plots in the range of Rs 1,500-2,200 per sqft. Currently, these societies are at an under-development stage, and you may face challenges related to roads. But, that is the reason the prices are quite low. Once these societies get connected via well-build roads, the prices will start moving up.
While the physical infrastructure within the locality is emerging up fast, there is no second thought about the quality of its connectivity to the other parts of Hyderabad. Kompally properties are easily accessible through the National Highway-7 (NH7) which falls near the locality. The Andhra Pradesh State Road Transport Corporation (APSRTC) operates buses in this area. So, Kompally residents don't have to worry about public transportation.
As more and more people are moving in Kompally, the social infrastructure of the locality is improving gradually with supermarkets, educational institutes, healthcare centres, etc., coming up in proximity.