The City of Pearls sees affordable property pricing
Comparing to the rest of the cities in South India, the prices of property is quite reasonable in Hyderabad. There is a range of options present in the city that allures buyers of all ages making the place equally fascinating for the real estate developers. The last quarter has seen a growing phase in the property market of the city according to the 99acres.com Insite Property Report. The presence of affordable properties and the newly set political infrastructure has led to the gradual rise in the property values.
The key factors that influence the property market of the city are as follows:
• The Government has proposed to allocate a Rs. 100 crore for public utilities like sewage treatment, water supply and development of affordable residential projects.
• About Rs. 4980 crore is being allotted for the road and building construction and a whopping Rs. 1600 crore for the construction of flyovers.
• Even a certain sum of money is being allocated for the Metro Rail Project that forms an integral part of the whole city. It is expected to be completed by the year 2017.
• Muchela emerges as the major source of employment as the development of Pharma city is expected to take place in this area over 11000 acres of land.
The presence of above factors along with the growth of the IT sector has improved the landscape of the city. The residential sector has shown uniform growth throughout the city welcoming new projects from a host of reputed developers. They are as follows:
1. Prime Arcadia: Prime Arcadia,This residential project by the popular Prime Constructions has laid the foundation of the 2BHK intrinsically carved apartments at Nizampet area. The plan offers calm and peaceful living conditions that observe daylight, is well-ventilated and keeps your privacy unhindered. These apartments are elegantly designed combining modern architecture with compact planning and comfort living. The project is located close to a host of civic utilities like reputed educational institutions, medical centres, prime roads and industrial corridors. Located in a self-contained locality, the plan offers a host of modern amenities like a day care centre, clubhouse, gym, swimming pool, meditation centre, shops, open space, power backup, car parking and water supply round the clock. The 1002 - 1142 sq.ft. sized apartments are priced at Rs.24.5 - 25.83 Lakh.
2. Lanco Hills: This residential plan by the Lanco Hills developers offers elegantly designed and airy 3BHK and 4BHK apartments that ooze refined architecture. The plan is located in proximity to various social utilities like hospitals, shopping malls, educational institutes and check posts. The project provides a host of new age amenities that makes your stay luxurious. The amenities include a theatre, shopping centre, sports facility, kids play area, restaurant, gym, swimming pool, cafeteria, Wi-Fi connectivity, ATM, power backup, security, car parking and water supply throughout the day. The 1900 - 4477 Sq. Ft. sized apartments are priced at Rs. 90.62 Lakhs to 1.8 Crore.
Hyderabad has all the necessary elements in place that has blended well to grab the eyeballs of buyers, investors and developers to rise as a real estate destination at a steady pace.
Agniva Banerjee is a professional writer who closely follows the real estate sector. Her articles offer genuine facts and information about the realty sector in India.
The key factors that influence the property market of the city are as follows:
• The Government has proposed to allocate a Rs. 100 crore for public utilities like sewage treatment, water supply and development of affordable residential projects.
• About Rs. 4980 crore is being allotted for the road and building construction and a whopping Rs. 1600 crore for the construction of flyovers.
• Even a certain sum of money is being allocated for the Metro Rail Project that forms an integral part of the whole city. It is expected to be completed by the year 2017.
• Muchela emerges as the major source of employment as the development of Pharma city is expected to take place in this area over 11000 acres of land.
The presence of above factors along with the growth of the IT sector has improved the landscape of the city. The residential sector has shown uniform growth throughout the city welcoming new projects from a host of reputed developers. They are as follows:
1. Prime Arcadia: Prime Arcadia,This residential project by the popular Prime Constructions has laid the foundation of the 2BHK intrinsically carved apartments at Nizampet area. The plan offers calm and peaceful living conditions that observe daylight, is well-ventilated and keeps your privacy unhindered. These apartments are elegantly designed combining modern architecture with compact planning and comfort living. The project is located close to a host of civic utilities like reputed educational institutions, medical centres, prime roads and industrial corridors. Located in a self-contained locality, the plan offers a host of modern amenities like a day care centre, clubhouse, gym, swimming pool, meditation centre, shops, open space, power backup, car parking and water supply round the clock. The 1002 - 1142 sq.ft. sized apartments are priced at Rs.24.5 - 25.83 Lakh.
2. Lanco Hills: This residential plan by the Lanco Hills developers offers elegantly designed and airy 3BHK and 4BHK apartments that ooze refined architecture. The plan is located in proximity to various social utilities like hospitals, shopping malls, educational institutes and check posts. The project provides a host of new age amenities that makes your stay luxurious. The amenities include a theatre, shopping centre, sports facility, kids play area, restaurant, gym, swimming pool, cafeteria, Wi-Fi connectivity, ATM, power backup, security, car parking and water supply throughout the day. The 1900 - 4477 Sq. Ft. sized apartments are priced at Rs. 90.62 Lakhs to 1.8 Crore.
Hyderabad has all the necessary elements in place that has blended well to grab the eyeballs of buyers, investors and developers to rise as a real estate destination at a steady pace.
Agniva Banerjee is a professional writer who closely follows the real estate sector. Her articles offer genuine facts and information about the realty sector in India.
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