Top reasons behind expansion of Hyderabad’s Kukatpally
When it comes to the real estate market in Hyderabad, it shows different movement from other cities. When the property prices in most of the cities showed a negative trend in Hyderabad the prices appreciated by eight per cent on annual basis. This upward trend of real estate property in Hyderabad gives clear indication of increasing demand for property.
Reports by real estate experts show that both property demand and price rise have been noticed in the new pockets. One of the areas expanding rapidly is Kukatpally. The region in Hyderabad witnessed a price rise of nearly 19 per cent. According to experts, prices in this area are expected to grow further due to below mentioned reasons.
Developers find it profitable
Due to increasing property demand in Kukatpally, top builders in Hyderabad are launching new projects here. To meet the increasing demand of apartments, new developers are also expanding their footprints in the region.
Favorite destination of corporate giants
Looking at the performance of Hyderabad’s commercial leasing sector in the areas like Raidurg, Gachibowli, and Madhapur, experts opine that demand for commercial space will grow in Kukatpally as well.
Perfect fit for all
The best point making Kukatpally a favorable destination for real estate property in Hyderabad is its suitability for every investor. From mid-sized apartments to luxury homes, every type of residential projects can be found here. Those looking for residential projects in Hyderabad can easily find a suitable home that also fits into their budget.
The price and property demand trend in the region also shows good signs of affordable segment’s growth. Moreover, Kukatpally has availability to ample land to allow upcoming developments.
Metro routes for smooth connectivity
Expansion of Metro in Hyderabad is connecting more and more areas. Kukatpally’s connectivity to Hyderabad Metro will witness a great rise in property prices as well as property demand. As per the experts, once the Metro rail gets operational in the area, the property prices will show an upward trend with an increase of at least Rs. 100 per square feet.
These are some of the reasons making Kukatpally an attractive destination for property investment as well as for residential projects in Hyderabad.