Where to buy plots in Hyderabad within Rs 30 lakh?

Amid the high risk of completion of under-construction properties and soaring rates of ready-to-move-in units, most of the investors hailing from the middle-income groups (MIG) have turned their attention towards residential plots as they involve lower risk and maintenance cost. While the trend has picked up the pace across all metro cities, Hyderabad has particularly seen high demand for residential plots in the last five years, especially after the extension of the Blue Line Metro corridor up till Shamshabad and the influx of numerous companies along the Outer Ring Road (ORR). Besides, the Telangana government’s proposal to develop around 13 transit-oriented growth centres alongside the ORR with a massive outlay of Rs 14,000 crore has also been a significant growth inducer.

Tukkuguda

Juxtaposed along the Srisailam Highway, Tukkuguda is one of the burgeoning locales in the outskirts of Hyderabad that has witnessed increased demand for land investment. One of the primary factors driving the land popularity in the area is its proximity to the Rajiv Gandhi International Airport at seven km.  Besides, a Pharma City proposed along the Srisailam Highway over an area of 20,000 acres has also been a crucial demand propeller. Wipro has also acquired 40 acres of land along the highway to set up its manufacturing plant. Together, these proposed projects are anticipated to generate over four lakh job opportunities and significantly influence the land rates in Tukkuguda. Currently, the land prices in Tukkuguda hover between Rs 10,000 per sq yard and 18,000 per sq yard. However, the values might spike by 50-70 percent in the next five years, shares M Kishore, Property Consultant, Invest Infra.

Source: M Kishore, Property Consultant, Invest Infra

Aditbatla

Adibatla has witnessed augmented demand for residential plots and apartments on account of the rapidly growing Information Technology Investment Region (ITIR) that comprises a host of IT, electronic hardware and manufacturing firms. Moreover, its geographical positioning has also been a key benefactor. The micro-market is about 10 km from the international airport and 15 km from the Shamshabad metro station. Most of the people with an investment horizon of 3-4 years prefer this area and the small-sized 200-250 sq yard plots, as they are easy to resell. In the last five years, land rates in Adibatla have grown by almost 50 percent from Rs 9,000-10,000 per sq yard to Rs 15,000-20,000 per sq yard.

Mansapally

Mansapally boasts of a livable infrastructure with all facilities at a stone’s throw away distance. However, the Unique Selling Proposition (USP) of the locale is its lush green environment. Moreover, the area serves as a weekend getaway destination for most of the working professionals in Hyderabad. This rising popularity among millennials and direct connectivity to companies such as Wipro, TCS, and TSIIC Aerospace and Precision Engineering Special Economic Zone (SEZ) via ORR has boosted the investment potential in Mansapally. The area has witnessed around 40-50 percent growth in the land rates in the last couple of years, and the trend might grow further with the development of the proposed ‘Smart City’ in Shamshabad, which is only half-an-hour drive away via the highway.

Shadnagar

Shadnagar attracts the investor community owing to the ample supply of residential plots between 100 sq yard to 2,000 sq yard and lower capital prices. The land value in Shadnagar is pegged at Rs 5,000-15,000 per sq yard. Besides, its strategic positioning near the industrial hub of Kothur at 12 km and the National Highway (NH) 44 have also led to the increased demand as it renders seamless connectivity to eminent cities of Mumbai and Bangalore.

Yacharam

Land investment in Yacharam has steadily increased post the announcement of the Regional Ring Road (RRR) by the State government in December 2018. The new 333 km circular road project would be developed at an estimated budget of Rs 11,000 crore and is anticipated to increase the real estate demand in Hyderabad and its surrounding districts. The prime benefactors of the planned development will be Shadnagar, Yacharam, Kandukar and Sangareddy district, among 11 other areas. The foremost purpose of the government is to transform these areas into self-sustainable satellite cities, well-connected via robust thoroughfare. Hence, plot investment in the micro-market has gathered speed, and not only individual investors but many real estate developers are also eyeing at Yacharam for acquiring plots for their housing projects.

However, before you invest in a plot in Hyderabad, ensure that it is either by a RERA-registered builder or by the Hyderabad Metropolitan Development Authority (HMDA). Moreover, invest only in the areas that are away from the catchment zones. Basically, the Andhra Pradesh government in 1996 implemented the GO-111 order to prohibit the establishment of industries, hotels and residential structures within the 10 km radius of the Himayatsagar and Osmansagar tanks, which include 84 listed villages in six mandals. Some of them are Shamshabad, Shankarpalli, Shabad, Rajendranagar, Chevella and Moinabad. Precisely, the order was passed to protect the twin lakes that were earlier the prime source of drinking water in the city.

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