Hyderabad's Micro Markets: Kokapet, Tellapur, and Bachupally Shine Bright
Hyderabad's real estate landscape is changing rapidly, with prices increasing by 20-33% in one year in a few micro markets.
Hyderabad Real EstateMicro MarketsKokapetTellapurBachupallyAnarockReal EstateAug 28, 2024
Likewise, Bachupally has seen the price per sq.ft. rise to Rs 5,800 this year from Rs 4,700 last year. Another micro market, Tellapur, saw the prices hit Rs 7,350 per sq.ft. this year from Rs 6,100 per sq.ft. last year, according to data culled out by real estate consultancy Anarock.
The driving factors behind this growth are proximity to major IT hubs and excellent connectivity through the Outer Ring Road. Kokapet has emerged as a rapidly growing locality, driven by its proximity to major IT hubs and excellent connectivity through the Outer Ring Road. The area has seen the development of gated communities, high-rise apartments, and luxury villas to meet the growing demand for quality housing.
Tellapur is also in the proximity of the IT hub of the Financial District and the Outer Ring Road (ORR), making it one of the prime locations that draws in homebuyers and investors. As per Anarock Research, the area has seen 33% price appreciation in the last one year alone. IT-ITeS majors' campuses, including Wipro, Microsoft, and Infosys, have made Tellapur a popular place for housing development.
Bachupally now is a popular pharmaceutical hub and home to research and development centres of many global pharma manufacturers. It has seen 23% price appreciation in the last one year. The growth of these micro markets has been consistent over the last five years. Kokapet saw an 89% appreciation in the prices. Over 12,920 units of new supply happened here in five years, and more than 50% of the new launches were in the ultra-luxury category priced over Rs 2.5 crore.
Tellapur also finds place in the recent top ten micro markets list for new supply. It added 18,960 new units in five years, and about 66% of it came from the mid and premium segments. The remaining came from units in the Rs 1.5 crore and above price bracket.
Frequently Asked Questions
What is the current price per sq.ft. in Kokapet?
Rs 9,000 per sq.ft.
What is the main driving factor behind the growth of Tellapur?
Proximity to major IT hubs and excellent connectivity through the Outer Ring Road.
What is the price appreciation in Bachupally in the last one year?
23%
How many new units were launched in Kokapet in the last five years?
12,920 units
What is the price range of the ultra-luxury category in Kokapet?
Priced over Rs 2.5 crore
Related News Articles
Green Fury: Real Estate Giant Faces Heat for Cutting 1000 Trees in Greater Noida
Shakuntalam Group, a prominent real estate developer, is in trouble for cutting down over 1000 trees without permission in Greater Noida.
Pune: Maestro Realtek's Strategic Partnership with Krishnav Developers Brings Project to Life
Pune, 18th January 2025: Maestro Realtek, a renowned strategic real estate partner, is thrilled to announce its collaboration with Krishnav Developers to bring a new residential project to life in Pune.
Government's ITC Amendment May Impact Commercial Property Developers
The government's recent proposal to amend the Finance Bill 2025 with respect to input tax credit (ITC) on construction expenses for leased properties is expected to affect real estate developers of commercial properties. This move follows a Supreme Court
Arkade Developers Shares Surge 3% Higher on Strong Revenue Outlook
Mumbai. The stock of real estate company Arkade Developers Ltd. settled at Rs 143.5 per share on the NSE, marking a healthy 2.87% increase. The company is aiming to achieve a revenue target of Rs 740 crore by the end of the fiscal year.
REA India Welcomes Abhishek Makkar as Chief Technology Officer
India's leading real estate app, PropTiger.com, and the digital real estate transaction and advisory platform, REA India, have announced the appointment of technology veteran Abhishek Makkar as their new Chief Technology Officer (CTO).
Pune Court Takes Action in Partition Suit by Sugandha Hiremath Against Baba Kalyani Gaurishankar
A significant development has emerged in a high-profile legal dispute, as a Pune court has issued a notice to Baba Kalyani Gaurishankar in a partition suit filed by his sister, Sugandha Hiremath. The lawsuit involves substantial assets, including real est