Overview of Kondapur, Hyderabad

Kondapur, positioned between Gachibowli and HITEC City in Hyderabad, is sought after for real estate. Here's a few things to consider:

Location and Connectivity

Kondapur is located near the well-known districts of Gachibowli and HITEC City. Its close proximity to major IT hubs makes it perfect for professionals in the IT and ITeS sectors.

The area is accessible via the Outer Ring Road and soon, the Hyderabad Metro Red Line extension will be added, with a metro station at Kondapur. There's also a six-lane flyover being constructed between Gachibowli and Kondapur for better connections.

Property Prices and Trends

Kondapur's average property price is about Rs. 9,099 per square foot. Prices range from Rs. 1,762 to Rs. 33,776 per square foot.

Over the past five years, property values have grown by 81.3%. In just one year, prices rose by 24.4%. This makes it a great choice for investments.

Types of Properties

There are many housing options in Kondapur: apartments, villas, independent houses, and open plots. The majority are 2 BHK and 3 BHK apartments, usually 1,120 sq ft and 1,500 sq ft large. Often found in gated communities, these usually go for Rs. 3,500 to Rs. 4,000 per sq ft. Villas, found on plots of around 250 sq yards, cost Rs. 6,000 per sq ft.

Rental Market

Renters have several attractive options. 2 BHK apartments average ₹35,000 to ₹40,000 per month. 3 BHK units are priced between ₹60,000 to ₹70,000 per month. A villa might cost from ₹40,000 to ₹50,000 per month.

Infrastructure and Amenities

Kondapur has lots of amenities including schools, hospitals, shopping malls, and fun places. Roadwork projects are happening, making the place even better.

Investment Potential

Kondapur is listed among India's top residential hotspots by ANAROCK. Its strategic location, excellent connections, and strong infrastructure make it an attractive spot for real estate investments.

PropertyWala's Verdict

Kondapur, Hyderabad, stands out as a great choice for buyers and renters. Its strategic spot, great connectivity, and strong foundations make it ideal for investments or for a new life. If you work in IT or want good returns on a property, Kondapur is hard to beat in Hyderabad’s housing scene.