Overview of Hanamkonda, Warangal

Location and Connectivity

Hanamkonda, found in Telangana’s Warangal district, sits in a prime spot. It’s well linked within the city and to other parts of the state. Its connectivity is improving with new roads and transportation.

Property Types and Prices

Residential Properties

• Apartments: Prices range from Rs. 3,807 to Rs. 21,604 per sqft, with mid-range costing about Rs. 6,231 to Rs. 16,789 per sqft based on location and amenities.
• Independent Houses: Costs vary from Rs. 5,000 to Rs. 8,000 per sqft, but luxury houses hit up to Rs. 83,870 per sqft.

Commercial Properties

• Shops, Offices, and Warehouses: These cost from Rs. 8,000 to ₹12,000 per sqft, depending on size and location.

Price Trends

• Average Price: The average property price hovers around Rs. 10,734 per sqft, though this can dip to Rs. 1,984 or shoot up to Rs. 83,870 depending on location and property type.
• Broad Range: Prices vary greatly, from Rs. 1,984 to Rs. 83,870 per sqft.
• Year-over-Year Trend: Specifically, Hanamkonda exact Y-o-Y trend changes aren't detailed, but Warangal’s entire market fell by -26.93%.

Localities Within Hanamkonda

• Phase 1: Average Rs. 4,239 per sqft.
• Advocate Colony: Approximately Rs. 6,811 per sqft.
• Phase II: Roughly Rs. 4,273 per sqft.
• Vijayapal Colony: Around Rs. 5,849 per sqft.
• Revenue Colony: Averages Rs. 16,605 per sqft, spanning from Rs. 6,769 to Rs. 30,666 per sqft.

Amenities and Infrastructure

• Schools, Hospitals, and Shopping Centres: Hanamkonda properties frequently lie near essential facilities.
• Transportation and Connectivity: Better roads and transport raise the city's links.
• Security and Utilities: Many properties have round-the-clock security, CCTV, and dependable water supply, attracting tenants and buyers alike.

Rental Market

• Rental Prices: Rents range widely from Rs. 6,500 for a 1 RK to ₹35,000 for a 4 BHK. A 2 BHK's average rent is around ₹13,000 per month.
• Property Types for Rent: Available options include builder floors, standalone houses, and multi-floor apartments, many with parking, elevators, and security.

PropertyWala's Conclusion

Hanamkonda, Warangal, is a great spot for real estate. With various residential and commercial spots, it benefits from a strategic site, improved infrastructure, and rising housing demand. It suits both buyers and renters looking for connections and amenities. Given expected growth in property value, investing here could be profitable over time.