Top Localities to Invest in West Hyderabad

Posted on : Jun 10, 2024

Top Localities to Invest in West Hyderabad

Why Invest in West Hyderabad?

The western corridor of Hyderabad is experiencing a remarkable evolution. It is becoming a vibrant area that offers a mix of high-end and reasonably-priced real estate properties. 

Due to its expanding infrastructure and strategic location, West Hyderabad is attracting both investors and individuals looking to purchase homes. 

In this blog, we will explore the top five neighbourhoods in West Hyderabad that present outstanding investment opportunities, relying on information from highly credible sources.

Continue reading on to know why Investing in West Hyderabad could be a lucrative option for you.

Kollur, Hyderabad

Kollur

Kollur is a locality that has undergone a rapid transformation, primarily due to the inflow of high-end developers. Positioned along the Nehru Outer Ring Road, Kollur boasts a convenient location only about a half-hour’s drive from Rajiv Gandhi International Airport and close to IT centers such as Gachibowli and HITEC City, enhancing its appeal as a top residential choice in West Hyderabad. Pending projects like Svadha Mackennas from the Svadha Group further contribute to the area’s development.

Symbolising premium housing standards, Svadha Mackennas comprises three opulent towers with 14 floors each. This complex offers a total of 492 upscale residencies, featuring variations of 2 BHK, 2.5 BHK, and 3 BHK apartments ranging from 1350 sq ft to 2530 sq ft. 

The pricing starts at Rs 72.95 lakh and peaks at Rs 1.44 crore. The project is registered with the RERA number P01100005647 and is slated for completion by December 2025.

All this makes it a great place to invest in West Hyderabad.

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Mokila, Hyderabad

Mokila

Mokila is a mid-tier residential community experiencing great growth, providing its residents with various housing options, including plotted lands and standalone villas. The neighbourhood also features 2 and 3 BHK apartments developed by local firms. Over the last year, Mokila has seen a consistent rise in property values, with a notable 22 per cent increase, bringing the average price to approximately Rs 5,850 per sq ft. Notably, 3 BHK units have been the most sought-after over the past six months, according to data from 99acres.

A key factor in Mokila’s increasing popularity is its strategic location. It is about 30 minutes away from key destinations such as the Rajiv Gandhi International Airport and the Patancheru Industrial Area via the Nehru Outer Ring Road. Additionally, it’s conveniently located near major employment centers like the ALEAP Green Industrial Area and transit points like the Nagalapalli Railway Station, which are accessible within 20-30 minutes. The anticipated completion of the four-lane Regional Ring Road, which will pass through Shankarpally approximately nine kilometres away, promises to enhance Mokila’s connectivity even further. 

Nevertheless, the lack of nearby metro services and comprehensive medical facilities could deter some potential residents.

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Manikonda, Hyderabad

Manikonda

Struggling to choose between a luxurious neighbourhood and proximity to key business areas? 

Manikonda offers a perfect blend of both. This western Hyderabad locale near Lanco Hills is known for its strong infrastructure, featuring towering premium apartments and private villas, mainly built by local developers. 

Over the past five years, Manikonda has emerged as a significant residential and commercial zone. Today, property prices are around Rs 7,750 per sq ft, marking a 28 per cent increase over the last year. According to 99acres, 2 BHK apartments have been the most popular search in the area, accounting for nearly 80 per cent of queries in the past six months.

Manikonda faces challenges like waterlogging and inconsistent water supply despite its continual growth. Yet, its excellent location continues to draw interest. Positioned between the Financial District and Jubilee Hills and serviced by the Nehru Outer Ring Road, which is about 5 km away, it connects well with Shamshabad and Madhapur.

The Raidurg Metro Station is just 12 minutes away by car. Additionally, with numerous schools, job opportunities, and hospitals nearby, Manikonda is an attractive option for investors.

Nallagandla, Hyderabad

Nallagandla

Nallagandla is a mid-market area featuring a stunning 900-acre lake, blending natural beauty with urban growth. Residents enjoy weekend walks at Nallagandla Lake and appreciate the lively atmosphere and abundant medical facilities, which contribute to the area’s consistent development. In the last year, property prices have risen by 16%, reaching about Rs 9,850 per sq ft according to 99acres.

While there’s a preference for plots and independent villas, most housing available is in the form of apartments constructed by local developers. Nallagandla is popular among working professionals due to its proximity to key employment centres like Gachibowli, Madhapur, HITEC City, and Nanakramguda—all about 15-20 minutes drive away. 

The Rajiv Gandhi International Airport is also accessible within 40 minutes via the Nehru Outer Ring Road. Public transportation is convenient, with TSRTC buses linking to areas like Kukatpally and the Lingampally MMTS Station only eight minutes away. The upcoming Hyderabad-Mumbai High-Speed rail corridor is expected to further enhance connectivity.

Tellapur, Hyderabad

Tellapur

A 10-minute journey from Nallagandla brings you to Tellapur, another neighbourhood witnessing rapid development in West Hyderabad. The local real estate market has been vibrant, evidenced by a 30 per cent surge in home values over the previous year, pushing prices to an average of Rs 7,150 per sq ft.

Tellapur is primarily influenced by local developers and caters to a high demand for independent floors, villas, and plots while also maintaining a substantial stock of apartments. 

Noteworthy is Tellapur’s solid connectivity to key job centres; Gachibowli, Manikonda, and HITEC City are all within a 15 km radius. Public transportation is also readily accessible, with both the Chandanagar Railway Station and the Tellapur MMTS Station being a mere 10-12 minute drive away. Retail stores, grocery markets, and hospitals add to the practicality of living in Tellapur, further drawing in prospective homeowners.

Bottom Line

West Hyderabad is an area with a lot of investment potential, and it can be a great option for you to buy or invest in West Hyderabad.

 The steady increase in property prices and the launch of new projects show this. 

But buyers need to be careful. Visiting the site often is very important, especially if the property is still being built. Make sure all the paperwork is correct, too. It can also help to talk to a local real estate expert to learn more about the area and the property you’re considering.

Assetscan is a smart real estate buddy for AI-powered property valuations. It’s a user-friendly platform, assisting investors with accurate micro market updates, and real time property valuations and location trends.

Through Assetscan, you can utilise our AI-powered insights to make smarter, data-driven decisions and ensure you capitalise on the best opportunities in this thriving market.

 

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