Kukatpally – The Next Big Developing Locality
With the political clarity coming in, Hyderabad has soon developed into a city whose real estate sector is reaping great benefits. The rapid infrastructural developments and a number of entertainment arcades are pushing Hyderabad into becoming the perfect place for the cosmopolitan crowd to reside in. What is fueling the whole trend further is the IT boom. While the city provides employment opportunities to many migrants, Hyderabad’s realty sector is expected to skyrocket in the near future.
With localities like Jubliee Hills and Gachibowli now being saturated, Kukatpally is the next big developing locality. Ranging from mid-segment to uber-luxurious homes, apartments and villas in Kukatpally are becoming a huge favourite amongst the white-collared professionals. Having the perfect blend of residential and commercial properties, Kukatpally has the highest population density of the state. Located on the north-western side of Hyderabad, the locality is a favourite amongst IT/ITes professionals thanks to its close proximity to areas like HITECH City, L&T Infocity, Madhapur and Gachibowli. HITEC City is about 9 km away from Kukatpally connected via the JNTU Road. Apart the locality’s close proximity to the IT corridor, Kukatpally’s rapid infrastructural developments and great connectivity is pulling in a major chunk of the investment. The Metro Rail stretch between Miyapur and SR Nagar that passes through Kukatpally will also further flourish the realty sector here. Kukatpally is well connected to the other parts of the city via the APSRTC buses too (Andhra Pradesh State Road Transport).
Targeting individuals from the service sector, a number of residential properties have mushroomed here. While the Mumbai highway is now saturated, builders are now shifting their focus to the Housing Board Colony. Many mid-segment multi-storeyed apartments have been built here. While working professionals prefer buying 2 bhk flats in Kukatpally, investing in villas is a fruitful option too. A flat for sale here could cost anywhere between Rs 2,900 to 4,300 per sq. ft. If investing in a home is not your call, you could always decide to rent out a space. According to recent reports the locality has recorded 11% rise in rental values. From homes being fully furnished to semi furnished, one is definitely spoilt for choice here. An apartment on rent here could hover anywhere between Rs. 8 to 13 per sq. ft.
With the well-developed social infrastructure in place, the locality is now attracting many High-Net-worth Individuals (HNIs). Apart from multi-storeyed buildings, there are many luxury villas in Kukatpally. A 4 BHK villa here could force you to shell out anywhere between Rs 2,800 to 5,500 per sf. There are a number of educational and medical facilities in and around the vicinity. In terms of commercial property, retail outlets dominate the market. There are many well-known showrooms on this stretch.
The locality is soon becoming a hotspot amongst the elite as the vicinity is a home to many lakes and gardens that provide a picturesque view to all its residents. Many residential properties have cropped up around lakes and gardens like IDL Lake, Kukatpally Lake, NKNR Gardens and Yashoda Gardens.