Kondarpur is situated in the north-western fringes of the city of Hyderabad and great number of real estate projects has been noticed in this area of late.
In the past couple of decades, the city of Hyderabad has turned out to be a favorite destination for the nationals and international investors and buyers. Much of this onus goes to the entry of the IT majors, MNCs and many other offices. Over the years, rise in the prices of the property has been located in this area, so it is considered to be one of the best localities to invest in real estate in the city.
Surge in the investment pattern
According to a major real estate company, now the builders and realtors concentrate more on the north-western part of the city. It has also been noticed that majority of the local buyers have invested in the real estate in this part of the society. Owing to the infrastructural development and good connectivity with the different parts of the city, there is a surge in the real estate investment in these parts of the city. The area is well connected with the important centers of the city. The road that connects Konfdarpur with Gachibowli has witnessed the development of projects in the price range of Rs. 2 to Rs. 4 crore per unit. The sale of this property has been relatively slow.
Fluctuation in the price
In Kondarpur market, various small standalone projects and large houses have come up. These projects cater all the basic amenities to the residents. It one of the prominent localities in the city and the price of the residential properties has witnessed massive fluctuation in the price. In the later part of 2012, till the middle of 2013, there was a massive fluctuation in the price. In the first half of the year 2014, there was a steep rise in the prices of the property and it amounted to Rs. 3,791 per square feet.
Close proximity with public transportation system
Of the different properties that are in vogue now, apartments are the one that tops the list, which is followed by plots, houses and villas. The locality is strategically located as the various modes of public transportation can be accessed easily from this locality. The bus stand is almost 3.6 kilometers from this locality and the railway station is also equidistant from this area. There are schools and other educational institutes in this area, so residents do not have to travel far for the same. For entertainment purposes, you can go to the shopping mall, parks and other eateries.
Various basic amenities
Real estate properties that are in high demand now are 1BHK, 2BHK and 3 BHK flats in Kondarpur. So, investors can choose from a gamut of options that are available. The residential complexes are equipped with basic facilities that make the life of the residents pleasurable. The construction is based on the principles of Vaastu and Fengshui. The builders make sure that uninterrupted water supply and round the clock security is catered to the residents. Apart from this, there is intercom facilities, centralized gas supply and recreational areas are there in these complexes.
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