Kondapur is steadily becoming a preferred residential destination in Hyderabad as per reports. The area is already well known for its Botanical Garden and is well connected to key employment zones in Gachibowli and Hitec City. As per latest reports, Kondapur is witnessing increased residential real estate activity across multiple market segments and price points. Kondapur is already seeing the establishment of several commercial zones which are situated near residential projects. There is high demand for quality commercial space in the area from reputed IT and ITeS companies and this has already encouraged several leading real estate developers to acquire big land parcels near these offices for residential real estate projects.
The Outer Ring Road is only 4 kilometres away from Kondapur which is also well connected to the central areas in Hyderabad, namely Banjara Hills and Jubilee Hills through Road Number 36 and Hitec City. There is good railway connectivity through the Lingampally MMTS station and Hitec City MMTS station. The Hyderabad Metro network will also pass through the locality soon. The Rajiv Gandhi International Airport which is located at Shamshabad, is accessible within 40 minutes on an average.
Kondapur is witnessing a major increase in availability of new units and the political stability after the year 2015 and business friendly regulations of the State Government have certainly revived overall home buying sentiments. Kondapur is not just seeing the emergence of mid-range housing options; there are several luxury and ultra-luxury units available here now. There are offices nearby from leading companies like S&P, Google and Oracle.
Kondapur is also home to ample social amenities like hospitals, schools, entertainment zones and the like. The L&T metro station will be a major upgrade along with multi-level flyovers and grade separators at the Botanical Gardens for better connectivity and lowered traffic congestion. Kondapur is seeing an increase in overall capital values which have been on an upswing from 2015 onwards. There is sizable home buying demand from ITeS and IT professionals. Some of the top projects in Kondapur include Shriya Sk Wonders, Prime Splendour and SMR Vinay Iconia to name a few.
