In the fast-evolving real estate landscape of Kokapet, non-branded bungalows are currently witnessing a significant surge in both offer and demand. Local developers have stepped in to cater to this high demand, having previously established a reputation for quality development. Right now, demand for bungalows is impressively holding steady at 63%, closely mirroring availability which stands at 66%. In contrast, the demand for multi-storey apartments lags behind at a mere 18%.
Kokapet, located in proximity to Gachibowli, is emerging as a prime choice for both local and migrant buyers seeking to make their home. Its appeal largely stems from its advantageous location relative to the busy areas of Madhapur, coupled with comparatively lower pricing structures than what Gachibowli has to offer.
Currently, a 4-BHK bungalow with a sprawling 3200 sq ft area is available for an attractive price of Rs 1 crore, while larger 6000 sq ft units can be acquired starting at Rs 4 crore. The bungalows here are predominantly east-facing and often boast two or three-storey configurations. Gachibowli, by comparison, has a greater availability of double-storey bungalows priced between Rs 3 crore and Rs 4 crore, positioning Kokapet as an appealing and economical alternative.
The amenities provided in these non-branded bungalows are competitive, matching those typically offered by reputable developers. Each bungalow comes with exclusive features, such as access to a community house, a shared gym, intercom systems, internet connectivity, as well as essential utilities like power backup, rainwater harvesting, a swimming pool, vaastu compliance, and water storage facilities.
So, what drives buyers toward bungalows over apartments? Despite the growing trend of apartment living in urban areas, many residents are gravitating towards the notion of owning personal homes and bungalows, which evoke a sense of spaciousness and individuality. The vibrant growth seen in Gachibowli has catalyzed a spillover effect, igniting demand for properties in the Kokapet area.
Additionally, Kokapet excels in terms of facilities and transportation access. The locality benefits from direct connectivity to the Outer Ring Road and ISB Road, ensuring minimal traffic congestion compared to other neighboring areas experiencing similar development. Anticipation surrounds the upcoming integration of the Multiple Modal Transport System (MMTS) station in Nallagandla. The area is also home to several reputed schools and educational institutions, enhancing its livability. Besides, the location boasts extensive internal road networks along with banking services and ATMs. Thus, for those seeking a charming residence within reach of their workplaces, Kokapet emerges as a commendable choice, especially for those priced out of Gachibowli.