Experts assert that Hyderabad is bucking the nationwide real estate
trend as the price of property
in Hyderabad rises while it is
either stagnate or plummeting in other realty markets across the country.
According to some this is because the of the maturation from the separation
anxiety the city experienced when Telangana was carved out of the state of
Andhra Pradesh leaving Hyderabad as the capital of the now smaller state of
Telangana and facing many political and administrative uncertainties and
challenges.
Well the divorce was completed and Hyderabad became the de facto
capital of Telangana and the de jure capital of Andhra Pradesh, both parents
got joint custody of Hyderabad which now it seems can be considered an adult.
Well it’s about time! It’s also especially good news for the cities real estate
sector which is going from strength to strength and the time to invest in property in Hyderabad (according to
some) has never been better. So which parts of the city are booming and where
can someone who wants to park a few lakhs or a crore or two invest to reap the
greatest return?
Toli Chowki may be one such destination for an investor looking
for a good return on Property in
Hyderabad as this part of the
city has excellent facilities in the vicinity, great schools and restaurants
making it a very comfortable place to live indeed. What really makes Toli
Chowki attractive for investors is the phenomenal rise in the price of property
at the location, prices for homes here have appreciated by nearly 30 percent
since April of 2013 but the chart break occurred in December of last year when
the price of homes at the locality suddenly appreciated by more than 500 rupees
per square foot over the rate of the previous month.
If you are looking for the
best apartment in Hyderabad you
may be able to satiate your desires at Toli Chowki completely, but to actually
buy a property here may not come cheap. Prices at some developments here, have
appreciated by over 30 percent in the last few years and a 3 BHK property in Hyderabad in this
neighborhood could set you back by a little more than a crore.
Apartments in
Hyderabad are being built relatively rapidly for a city that is as yet not
as large or as important a real estate destination as the MMR or the NCR are.
If you are an investor you may shy away from parking your money at Toli Chowki
due to the relative paucity of new and upcoming developments there, however if
you are keen to invest in upcoming
apartments in Hyderabad then try not to pass on the real estate market
in Narsingi where new developments, which are being built at a frantic rate,
are appreciating, and many such new developments could be counted among the
best in the city of Hyderabad.
Bear in mind however that Narsingi is home to
properties a significant number of which are priced at well over 2 to 3 crores,
investing here for the long haul for most requires deep pockets and a desire to
be resolute in your investment decision as you are staking your capital on the
future of a locality which as yet does not provide excellent social amenities
in the vicinity, at least when compared with some other parts of the city. If
you are keen to own luxury
apartments in Hyderabad however and have the money and the patience
then investing in Narsingi may be your cup of tea.
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