Shankarpally. It is pretty close to developed regions such as Kokapet, Gachibowli, and other financial districts and is emerging as a residential hub. The place has a robust physical and social infrastructure in the form of top-notch schools, entertainment hubs, and shopping zones that have upped the prospects of this region.
Also, there is a good presence of business districts, multinational companies operating in the locality. Another massive plus for Shankarpally is that the corridor is considered the 'Green Zone.' It ranks high on the livability index due to less pollution in terms of air and noise pollution. Another reason is that the adjacent markets have development restrictions due to GO-111 & conservation zoning.
As there is a demand for places that have more greenery and less concrete, Shankarpally has become a hot property for all those looking to invest in large spaces during pandemic times. The Mokila-Shankarpally is the strip where most youngsters want to invest as it is strategically located between the ORR-RRR infrastructure projects and offers a good value proposition. The growth is expected to continue for another 3-5 years as there is development in the ORR growth corridor.
The place has green and open tracts, which are a huge draw during pandemic times. And that's the reason why plotted properties are much in demand in the area. According to one developer, 50% of their plots have already been sold, and they are expecting the others to be over soon. Many NRIs and Indian residents from various cities are investing here, he shares.
The trend is to own a house away from the city's pollution while being connected to the city. And this is where Shankarpally fits in, say the developers.