Overview of Cherlapally, Hyderabad

Cherlapally, situated in the North East Zone of Hyderabad, has become a rapidly growing residential area. Its significant development in infrastructure and strategic location have made it highly attractive in the recent years.

Infrastructure and Amenities

• Transportation: Cherlapally will hugely benefit from the upcoming Cherlapally satellite station, part of the MMTS expansion. Having modern amenities like an executive lounge, spacious waiting halls, sleeping pods, cafeterias, EV charging points, and easier access via lifts, escalators, and footbridges, it is set to reduce congestion at major rail hubs in Hyderabad.
• Road Connectivity: Cherlapally features well-developed CC roads, flyovers, and footbridges, ensuring smooth access to various parts of the city.
• Daily Needs: The locality is filled with commercial hubs, supermarkets, schools, dining places, gyms, and banks, making living there very convenient.

Property Prices and Trends

• Average Price per Sqft: The average property price in Cherlapally is approximately Rs. 5,008 per sq ft. Prices start as low as Rs. 4,750 per sq ft.
• Price Range: Properties range in price from Rs. 45.15 lakhs to Rs. 2.98 crores for apartments, villas, and independent houses. The price per sq ft ranges from Rs. 4,300 to Rs. 8,000.
• Year-over-Year (YoY) Growth: Over the last year, property rates in Cherlapally have fallen by 24.49%, highlighting a potential good investment time for buyers.

Rental Options

• Monthly Rent: Rental prices vary. One-bedroom homes start around Rs. 6,500, escalating up to ₹70,000 for a seven-bedroom house. The common rental prices include:
  • 1 BHK: Rs. 7,500 - Rs. 8,500 per month
  • 2 BHK: Rs. 8,000 - ₹16,000 per month
  • 3 BHK and above: Prices skyrocket based on amenities and location.
• Preferred Tenants: Landlords often favor bachelor tenants or families.

Projects and Developments

• Ready to Move Projects: Find numerous ready-to-move projects in Cherlapally, like upscale apartments and gated villas. These projects offer modern amenities such as lifts, yoga rooms, 24/7 security, and swimming pools.
• Under Construction Projects: Fewer projects are under development now. However, popular developers are always working on residential new projects to cater to the increasing demand.

Neighborhoods

• Best Neighborhoods: Within Cherlapally, residents might want to consider Chengicherla, ECIL, Mallapur, Uppal, Kushaiguda, and Medipally. Known for excellent infrastructure and amenities.

PropertyWala's Conclusion

Cherlapally offers an appealing option for both buyers and renters due to its strategic location, robust infrastructure, and essential amenities. The recent drop in property rates, along with continuous development projects, including the Cherlapally satellite station, suggests a positive future for real estate investments. With both affordable and luxury property types available, Cherlapally suits families, bachelors, and investors well. Nonetheless, keeping abreast of recent price trends and project updates is key to making a smart decision.