Hakimpet, Hyderabad Overview

Location and Accessibility

Hakimpet in Hyderabad is a developed residential area close to Alwal and the Air Force Academy. It provides good links to places like the JBS (Jubilee Bus Station), Secunderabad, and the Outer Ring Road (ORR). The area boasts decent transport links, making travel easy for residents.

Property Types and Prices

For Sale

• Price Range: Hakimpet homes range from ₹40 Lac to ₹2.6 Cr.
  • A quarter, at 27%, are priced between ₹60 Lac - ₹80 Lac.
  • Another 17% fall between ₹40 Lac - ₹60 Lac.
  • Similarly, 17% are priced from ₹2.4 Cr - ₹2.6 Cr.
• Average Price per Sqft: The average price stands at ₹6,785 per sqft, starting lower at ₹4,929 per sqft and going up to ₹8,641 per sqft.
• Common Configurations: The most frequent offering is 3 BHK apartments, making up around 44% of sale properties.

For Rent

• Price Range: Rental costs range from ₹5,000 to ₹60,000 per month.
  • 40% of rentals are between ₹10,000 - ₹15,000 per month.
  • 20% are rented for ₹5,000 - ₹10,000 per month.
• Common Configurations: 2 BHK apartments form about 60% of the rental selections.

Amenities and Infrastructure

• Schools, Hospitals, and Markets: Easily accessible schools, hospitals, banks, ATMs, and markets.
• Public Transport: Great public transport connections.
• Roads and Safety: Roads in the region are good and the area is safe, rated at 3.8/5 for cleanliness.

Real Estate Trends

• Year-on-Year Growth: We see a rise of 12.8% in property rates last year, a positive trend for investors and buyers.
• New Projects: Several new residential projects, including Sri Lakshmi Nilayam, Candeur Lakescape, and Sumadhura Infracon The Olympus, provide diverse options for buyers.

Quality of Life

• Environment and Neighbourhood: Residents rate Hakimpet highly at 3.8/5 for neighbourhood and 3.8/5 for environmental quality.
• Places of Interest: While scoring low in interest (2.8/5), proximity to Hyderabad’s amenities and other areas adds value.

PropertyWala's Conclusion

Due to its strong connectivity, great infrastructure, and positive real estate trends, Hakimpet in Hyderabad offers excellent chances for buyers and renters. It caters to varying budgets with affordable and luxury homes. The area’s proximity to essential amenities and a rising real estate market make it an attractive option for investment or living in a developed part of Hyderabad.