Kukatpally turns into realty hotspot in Hyderabad

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Kukatpally has transformed into one of the foremost real estate hotspots in Hyderabad. Kukatpally is home to several leading hospitals, supermarkets, schools, shopping malls and banks within a radius of 4-5 kilometres. The area is strategically connected to IT hubs like Hitech City and the Financial District in tandem with L &T Infocity and Madhapur. As a result, IT professionals and investors are zeroing in on Kukatpally as a good place for residential property. Both IT hubs are located within just 10 kilometres from the neighborhood and the shorter office commute certainly attracts several professionals.

1 BHK apartments are majorly preferred here by buyers. Average property values of sub-Rs.4,000 per sq. ft. also make Kukatpally one of the affordable yet promising destinations in Hyderabad. Demand is growing fast and annual rental yields up to 4.67% can be garnered by investors as well. Kukatpally offers budget and mid-segment homes in tandem with luxury properties.

The JNTU Road and Mumbai Highway link Kukatpally to the rest of Hyderabad. The locality can also be accessed through the Pragathi Nagar Road and Nizampet Road. The area has good public transportation facilities and there are quite a few bus stops within a radius of 2 kilometres. The Kukatpally Metro Station is located 2.5 kilometres away from the area while the Hitech City MMTS Station is located only 5 kilometres away. The Rajiv Gandhi International Airport is located around 41 kilometres away from the neighborhood and can be accessed within an hour.

Kukatpally has a mixture of under-construction and ready-to-move-in projects and apartments are widely available here. Average capital values range between Rs.3,000-3,800 per sq. ft. on an average and average rental values also hover between Rs.8,500-11,500 every month. 1 BHK apartments sized between 299 and 599 sq. ft, are priced between Rs.10-25 lakh while 2 BHK apartments are priced between Rs.24-55 lakh with sizes ranging between 740-1476 sq. ft.

Premium 3 BHK apartments sized between 1000-2160 sq. ft. are priced between Rs.38-90 lakh while larger 4 BHK apartments that are sized between 2200-4761 sq. ft. are priced between Rs.66 lakh and Rs. 1.54 crore. Luxury 6 BHK apartments are priced from Rs.2.25 crore onwards and buyers who wish to purchase villas have to shell out close to Rs.68 lakh for 1 BHK configurations and prices go up to Rs.90 lakh for 2 BHK villa units.

Rs.2.20 crore is the approximate budget needed for purchasing 3 and 4 BHK villas while 5 BHK villas have price tags of Rs.3.75 crore onwards. Plots sized between 1350-3204 sq. ft. are also available in Kukatpally. The locality is located strategically in Hyderabad West and there are several good restaurants, schools and hospitals in the region. The Mumbai Highway can be accessed within just 800 metres while the metro station is nearby as well. The area is dotted by ATMs, grocery stores, vegetable kiosks and pharmacy shops. There are many eateries and multiplexes present here as well.