Overview of Secretariat Colony, Hyderabad

Location

Secretariat Colony, nestled in Puppalguda, is a suburb of Hyderabad, Telangana. Located about 15-18 kilometers from central Hyderabad, this area is getting increasingly popular as a residential choice.

Real Estate Activity

There's been a noticeable rise in real estate development spurred by the shortage of land in central Hyderabad. Builders are creating numerous multi-storied apartment complexes, mainly targeting the middle-class market.

Property Types

• Apartments: Most properties are multi-storied apartments often come in 2 BHK and 3 BHK configurations.
• Independent Homes: There are some standalone homes and bungalows scattered around.

Pricing

Here's a closer look at property pricing in Secretariat Colony:

• Apartment Prices: They range from ₹2,000 to ₹2,500 per square foot, though with some negotiation, prices can drop to ₹1,800 per square foot.
• Examples:
  • 2 BHK apartments: ₹5,053 to ₹6,611 per sq.ft.
  • 3 BHK apartments: ₹5,467 to ₹5,792 per sq.ft.

Legal Status

Approximately 60% of the properties in this colony lack required government approvals and the LRS certificate. This could be a red flag for buyers, as these properties might be incomplete in legal terms.

Amenities and Infrastructure

• Parking and Facilities: Many apartments offer amenities like car and bike parking, several bathrooms, and diverse orientations.
• Proximity to Amenities: The area is quickly evolving with nearby crucial services; however, it is not as fully developed as central Hyderabad.

Pros and Cons

Pros

• Affordability: The cost is lower compared to central Hyderabad.
• Developing Infrastructure: Rapid development could lead to an improved living experience.
• Potential Appreciable Value: As the locality grows, property values tend to rise.

Cons

• Legal Issues: Many properties aren't fully legalized, which can bring up legal complications.
• Distance from Central Areas: The suburb is farther from the city center, which could be inconvenient for those who need easy access to downtown Hyderabad.

PropertyWala's Conclusion

Secretariat Colony in Hyderabad presents a budget-friendly housing choice on the city's outskirts. The area is bustling with real estate activity and has a promising outlook for future property value appreciation. Nevertheless, buyers must carefully examine property legality. Despite its distance from central Hyderabad, the suburb's growth and affordability make it an appealing option for many.