{"id":14381,"date":"2019-02-04T17:11:31","date_gmt":"2019-02-04T11:41:31","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=14381"},"modified":"2019-02-04T17:14:16","modified_gmt":"2019-02-04T11:44:16","slug":"key-factors-that-makes-kukatpally-a-hotspot-for-property-investment","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/key-factors-that-makes-kukatpally-a-hotspot-for-property-investment","title":{"rendered":"key factors that Make Kukatpally a Hotspot for Property Investment"},"content":{"rendered":"

Seeking property in Kukatpally Hyderabad<\/strong>? You\u2019re definitely on the right rack since Kukatpally has witnessed a steady transformation into one of the biggest residential real estate hotspots in the city over the years. The area is well connected to major business hubs and is home to all necessary social amenities like schools, supermarkets, schools and shopping malls within a 4-5 kilometre radius.<\/p>\n

Kukatpally is located in north-western Hyderabad and is witnessing a sizable increase in demand for residential property in recent times. From new 2 BHK flats for sale in Kukatpally Hyderabad<\/strong> to independent houses for sale in Hyderabad Kukatpally<\/strong>, there are plenty of options worth considering. On that note, here\u2019s taking a look at key factors that you need to consider before investing in Kukatpally.<\/p>\n

Prices for new apartments in Kukatpally <\/strong><\/p>\n

If you\u2019re looking for property in Kukatpally Hyderabad<\/strong><\/a>, you will find several 2, 3 and 4 BHK units across projects helmed by leading real estate developers<\/a> like Incor, Lodha, Mahindra Lifespaces, Lahari and Ramky to name a few.<\/p>\n

Property rates in Kukatpally Hyderabad<\/strong> usually range between Rs. 12 lakh for entry-level apartments to Rs. 35-70 lakh for mid-range housing. Premium properties can go all the way upwards to Rs. 1.5-3.2 crore on an average.<\/p>\n

Property taxes in Kukatpally <\/strong><\/p>\n

When it comes to property tax in Kukatpally Hyderabad<\/strong>, it comes under the purview of the Greater Hyderabad Municipal Corporation (GHMC). The formula for calculating property tax is as follows:<\/p>\n

Annual Property Taxes= PA x MRV (per sq. ft.) x 12 x (0.17-0.30) depending on monthly rental values \u2013 10% depreciation + 8% library cess.<\/p>\n

This table will help you work out taxes for varying monthly rental values:<\/p>\n\n\n\n\n\n\n\n\n
Monthly Rental Value (per sq. ft.)<\/strong><\/td>\nGeneral Tax<\/strong><\/td>\nConservancy Tax <\/strong><\/td>\nLighting Tax<\/strong><\/td>\nDrainage Tax <\/strong><\/td>\nTotal <\/strong><\/td>\n<\/tr>\n
Up to Rs.50<\/td>\nExempt<\/td>\nExempt<\/td>\nExempt<\/td>\nExempt<\/td>\nExempt<\/td>\n<\/tr>\n
Rs.51-Rs.100<\/td>\n2%<\/td>\n9%<\/td>\n3%<\/td>\n3%<\/td>\n17%<\/td>\n<\/tr>\n
Rs.101-Rs.200<\/td>\n4%<\/td>\n9%<\/td>\n3%<\/td>\n3%<\/td>\n19%<\/td>\n<\/tr>\n
Rs.201-Rs.300<\/td>\n7%<\/td>\n9%<\/td>\n3%<\/td>\n3%<\/td>\n22%<\/td>\n<\/tr>\n
Rs.300 and above<\/td>\n15%<\/td>\n9%<\/td>\n3%<\/td>\n3%<\/td>\n30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Connectivity<\/strong><\/p>\n

Kukatpally was previously a municipality before being subsumed in to the Greater Hyderabad Municipal Corporation or GHMC. Kukatpally offers great connectivity to residents. It is well connected to the Hitech City IT hub and also Gachibowli which is a major IT, ITeS, financial and business hub in Hyderabad.<\/p>\n

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Here are the key connectivity pointers for Kukatpally:<\/strong><\/p>\n