Hyderabad has been witnessing a shift in buyers’ preference for homes. As per the latest edition of PropIndex (Jan-Mar 2015 quarter), an India Apartment Index, properties worth Rs 20 to 40 lakh continued to be the popular buying budget of Hyderabadis. Properties available in East Hyderabad witnessed maximum demand in the said budget range.
Which areas in Hyderabad are offering homes in the said budget range? Manikonda, Beeramguda and Miyapur have a high residential inventory.
Manikonda is a residential cum commercial suburb of Hyderabad that has risen the popularity charts owing to the expansion of leading software companies. Professionals working in the IT companies situated in Gachibowli and Hitec City prefer to buy residential properties as the they are comparatively affordable than those found in Hitec City, Gachibowli and other IT hubs.
The locality offers varied residential housing properties in the range of Rs 20 to 40 lakh. Plots sized 945 to 1700 sq ft are available in the price bracket of Rs 22 to 38 lakh. One can buy 2 and 3BHK apartments sized 1000 to 1600 sq ft in the same budget range.
Manikonda tops the chart of preferred list for buying owing to its well developed social infrastructure. The locality has facilities of schools, hospitals, day to day stores and many others within close proximity.
Another suburb called Beeramguda is on the Hyderabad-Bombay National Highway-9 Highway. Buyers in the area mainly prefer affordable residential housing options.
In the discussed budget range, plots sized from 1300 to 1700 sq ft are available. Other housing options include 2 and 3BHK apartments sized 1000 to 1200 sq ft; residential houses/ villas sized 900 to 1300 sq ft can also be found. Both furnished and semi-furnished residences are available.
In terms of social infrastructure, the locality is well equipped with schools, hospitals and colleges within. The APSRTC (Andhra Pradesh State Road Transport Corporation) bus services are available in the locality and the closest is MMTS station of Lingampally that is 5 km from Beeramguda.
Miyapur is a part of Greater Hyderabad and is under Greater Hyderabad Municipal Corporation. It is located strategically at National Highway-9 (Pune-Hyderabad-Machillipatam Highway in Hyderabad). It enjoys being in proximity with the IT corridors of Gachibowli and Hitec City within 10 km. The upcoming and existing residential localities in the area draw attention of buyers owing to its proximity to the IT hubs.
Miyapur offers plots sized 1400 to 3600 sq ft. One can also buy 2 and 3BHK configurations within sizes from 1000 to 1500 sq ft. Miyapur is a promising suburb with bus stops, cinema halls, food joints, schools, medical facilities and colleges in close proximity.
All these locations being themselves IT hub or are located close to the IT clusters of IT/ITES record maximum demand from the working IT professionals migrating from other parts of country. Buyers with a modest budget bracket of Rs 20 to 40 lakh can consider Beeramguda, Miyapur and Manikonda can be considered as the ideal choice.
Source - Times Of India
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