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Overview of Warangal's Real Estate Market

Warangal, around 148 km from Hyderabad, is becoming a desirable spot for investment and residential living.

Infrastructure Development

• Warangal sees big improvements like new mega townships, multi-level parking, smart roads costing Rs 74.80 crore, rooftop solar projects, and a ropeway.
• The National Highway-163 links Warangal and Hyderabad, driving real estate growth along this route.
• Air connectivity is getting better with new airports, plus a newly planned Railway Coach Factory and a Railway Division center.

Government Plans

• Led by CM Revanth Reddy, the Telangana government aims to make Warangal the state’s second capital, setting aside a big budget for city development.
• The release of the ‘Warangal Vision Document 2028’ aims to boost investments and jobs in IT, hospitality, tourism, food processing, and textiles.

Market Trends

• Land prices surged especially near Mamnoor Airport and along the Hyderabad-Warangal highway, going up by Rs 5,000 to ₹20,000 or more per square yard.
• The average cost of residential properties stands at Rs 2,400 per square foot, with large homes priced between Rs 30 lakh to Rs 40 lakh.

Popular Areas

• Hanamkonda: Bustling and varied properties here range from Rs 32 lakh to Rs 1.6 crore.
• Kazipet: Offers homes from Rs 30 lakh to Rs 1.1 crore.
• Kothapet: Growing spot with homes and shops for various needs.
• Subedari: Increasing in real estate activity, thanks to its strategic spot.
• Mamnoor: Area near Mamnoor Airport seeing big price jumps with all this new infrastructure.

Property Choices

• Residential Spots:
  • Apartments: Prices range from Rs 43 lakh to Rs 1.32 crore in configurations from 1 to 6+ BHK.
  • Independent Houses: Priced from Rs 60 lakh to Rs 2.5 crore.
  • Villas: High-end options near Rs 1.6 crore.
• Commercial Real Estate: Plots and commercial spaces are available fitting diverse investment needs.

Price Range and Affordability

• Residential Plots: Prices range from Rs 5 lakh to Rs 1.2 crore, factoring in location and size.
• Apartments: Cost about Rs 800 per square foot, with prices up to Rs 87,500 per square foot for top spots.
• Budget Levels: Properties under Rs 20 lakh and up to under Rs 2 crore are accessible.

PropertyWala’s Viewpoint

Warangal offers a growing, appealing real estate market with strong infrastructure, government plans, and high demand. Given its location, better connections, and various property options, Warangal is great for buyers and investors. The current and upcoming developments signal big growth. So, watching market trends and changes closely is key to making smart decisions when buying or renting in Warangal.