Now Is The Time To Invest In East Hyderabad

If you are looking to make good return on your investment in an affordable property, Hyderabad is a city you must consider, especially the eastern part of the city

Here is why now is the time to invest in east Hyderabad:

Transit corridors

With the Metro rail set to be operational in the next couple of years, the important East-West corridor is one of the most important demand drivers in this region. An already reviving market, this will be an added determinant to ensure more business in terms of commercial and residential realty. This otherwise dormant bit of the city could pull in small time investors luring them with land bank at affordable prices. The first phase of the Metro would connect Nagole to Shilparamam (28 km and 23 stations) and benefit areas like Nagole, Uppal, Survey of India, NGRI, Habsiguda, Tarnaka, Mettuguda.

However, even the upcoming locations stand a chance to get connected to the strategic destinations and job markets of Hyderabad.

Local agenda

Telangana Chief Minister K C Rao has directed local developers to come together and form satellite townships along the Outer Ring Road (ORR). Moreover, the Tellapur integrated township projected may also see the light. When Phase-II of the ORR becomes operational, much of the connectivity issue that East Hyderabad faces today will be wiped off. It will connect Shamirpet to Ghatkesar on the ORR and provide complete radial connectivity.

Office realty

People move wherever the jobs move. By the end of 2016, about 2.7 million sq ft of land in Hyderabad is expected to become operational. Therefore, vacancy levels are going to touch a low and this is good for the health of the residential market as well. Jobs will determine how many people come into the city, and, thereby trigger the fate of the residential market which was otherwise stable.

Strategic choices

Industry insiders feel that Uppal may yield a lot more. Today, capital values in and around the area are in the range of Rs 2,500-3,200 per sq ft. However, you have a lot of options between Rs 25-75 lakh. If you are looking at plotted developments, these are in the range of Rs 10-22 lakh, and available in sizes ranging from 150-350 sq yd.