Kukatpally — An ideal investment destination in Hyderabad
Located in the north-west part of Hyderabad, Kukatpally is one of the rapidly growing localities in the metropolis. Strategic location is one of the prime reasons for the realty growth in this micro market. The locality is bounded by several major areas which include Nizampet, Hafeezpet, Kothaguda, Borabanda, Moosapet, Jagathgiri Gutta and Pragathi Nagar. Some of the sub-localities of this micro market are Kukatpally Housing Board Colony, APHB Colony, Balaji Nagar, Sangeet Nagar, Shamshiguda and Vivekananda Nagar. Kukatpally Housing Board is one of Asia’s largest colonies.
Here are some of the major factors that drive the real estate demand of this region;
Connectivity and Transportation
Connectivity is one of the major factors that contribute to the growth of real estate market in this region. With Nation Highway (NH9), which connects Hyderabad to Pune passes via Kukatpally, the locality has the advantage of good connectivity. Some of the other major roads that connect this region with other parts of the city include KPH Road, Green Hills Road, Nizampet Road, and NTR Road. When it comes to transportation services, the locality gets frequent bus services operated by the TSRTC buses, RTC buses and few buses from private operators. A commuter can reach all the important areas of Hyderabad by taking these bus services.
As the locality boasts with great social infrastructure, it lures many home buyers to invest in a property here. This micro market has the presence of several colleges, international schools, schools affiliated to various boards of education and pre-schools. Also there are some renowned health care centres here namely Sankhya Hospital, Prime Hospital, and Global Eye Hospital. NSL Centrum Mall, Manjeera Mall, CMR Shopping Mall and Forum Sujana Mall are some of the famous malls in this region. Alongside, there are theatres, multiplexes and parks located here.
Affordability is yet another major factor that drives the housing demand of this region. When compared to other micro markets of the city, prices of apartments are quite affordable here. Thus, the locality has emerged the most preferred investment destination among the mid-income groups. Especially, the demand has been high for residential properties in the range of INR 30–50 lakhs. According to realty sources, ready to move in apartments in Kukatpally are witnessing a good demand on comparing housing units that are under construction.
The phase 1 of Hyderabad Metro will have stations at Kukatpally Housing Board (KPHB), the Jawaharlal Nehru Technology University (JNTU) and Kukatpally. Once this metro connectivity becomes operational, the demand for properties in Kukatpally is expected to increase in future. As a result, the capital values will also increase in this region at the time to come. Thus, investing now in Kukatpally is certainly a safe-bet.