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Now is a Good Time to Invest in Realty in Southern Part of the City
Areas such as Jalpally, Pahadishareef, Mamidpully, Balapur, and Mallapur, in particular, are witnessing steady growth.
G
Guru Prasad
Hyderabad
Fri Apr 15 2022
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Now is a Good Time to Invest in Realty in Southern Part of the City
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If you are interested in investing in realty, then head south as there is hectic activity in the southern end of the city in recent times. Areas such as Jalpally, Pahadishareef, Mamidpully, Balapur, and Mallapur, in particular, are witnessing steady growth. In fact, several real estate companies are beginning to see the potential in this zone as it is closer to the RGI International Airport.


The realtors are investing in vast tracts of open land and converting them into land parcels so that they can be sold as plots. The plots are mostly being picked up by families or those who want to invest in land for higher returns later. Some developers are constructing villas and selling them to those interested in buying ready to occupy properties.


As the area is in close proximity to RGIA and PVNR Expressway, it connects the southern areas of the city with the western areas and core city. The growth was slow in this part of the city due to the pandemic, but post-pandemic people are picking up plots for higher returns later. Also, most properties here are HMDA approved as the area is closer to the older parts of the city, attracting NRIS interested in making investments in land. The rates are between Rs 20,000 per square yard and Rs 32,000 per square yard, depending on the location of the plot.


Jalpally area is quite sought-after as it is interior from the main thoroughfare of Aramgarh-Chandrayanagutta-LB Nagar. The realtors in the area say there is no disturbance, and the ambiance is peaceful with small water bodies nearby. Another important factor is groundwater levels, and drinking water supply is an additional advantage. Meanwhile, the government has announced a special package running into crores for the development of Jalpally municipality.


Located 2 km away are Mamidpally, Mallapur, and Balapur, which are close to Srisailam Highway. They are well connected by public transport, including TSRTC buses. An SEZ is supposed to come up at Tukkuguda, about 4 km from here. The government is also extending the Metro Rail route from Falaknuma to RGI Airport via Pahadishareef, which will affect the rates here.


Another huge plus is that all plots in these areas are HMDA approved, and one can check documents to avoid litigation later.


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Now is a Good Time to Invest in Realty in Southern Part of the City
Now is a Good Time to Invest in Realty in Southern Part of the City
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