Buying a residential plot is always considered as a good investment option as compared to an apartment or a flat and that too in the city of Hyderabad, where the real estate market has shown a lot of positive development in recent times.
Real estate expert says that Hyderabad is known for its vast land availability and affordability as many believe that investing in a plot is the best option due to their budget-friendly prices. It has been seen that over the last 6 years, many areas in South-Hyderabad have provided healthy returns, with approximately 5-10 percent appreciation in property rates.
So let’s take a look at some of the top localities to buy plots in Hyderabad:
Adibatla is a village in Ranga Reddy district in Telangana. This region is touted as the next IT Hub and is expected to give a good return on investments. Currently, the area is known for TATA Aerospace SEZ, which has significantly contributed to the growth of this region. In a short span of time, the sale of residential plots in Adibatla has witnessed a fast growth.
In terms of connectivity, Adibatla is close to the Outer Ring Road and offers easy connectivity to Rajiv Gandhi International Airport. Because of developing social infrastructure and setting up of many IT companies like TCS, Cognizant and Google, the area is expected to attract more investors in coming future.
The price of plots in Adibatla starts at Rs 5 Lakhs and goes up to 30 Lakhs.
Located in Ranga Reddy district, Shamshabad is host to Rajiv Gandhi International Airport which is located here. In order to enhance the infrastructure, the government has launched and is coming up with many projects around the Airport. Some of them include Fab City, Nano Tech Park, Hardware Park, and Textile Park. The airport also provides a smooth connectivity to Hitech City by the Outer Ring Road hence making it convenient for people to easily move to other parts of the city.
Because of the airport and well-developed infrastructure, Shamshabad is in high-demand in recent times by both developers as well as buyers.
The average price of the residential plot here ranges between Rs 500-550 per sq ft.
Because of its affordability, connectivity to airport and proximity to TCS SEZ, this area is one of the best investment bet when it comes to buying a residential plot here. Many developers have already launched a wide range of residential properties, catering to the middle-income group, at relatively budget-friendly prices. The locality also offers healthy capital returns.
The average price of residential plot starts at a minimum of 600 per sq ft.
Located towards the center of the Hyderabad city, the area is best known for the development of affordable housing in recent time. Currently, Balapur boasts well-developed social and physical infrastructural development, which has significantly impacted the property prices, especially of residential plots. Many famous builders have already developed residential apartments, villas in this area making it a lucrative option for buyers.
The average rate of residential plots starts from Rs 1,050 per sq.ft.