Tellapur, Kollur, Pati Ghanpur are some of the hot favourite locations in Hyderabad for home buyers
Their proximity to downtown Gachchibowli, Nalagandla and Kokapet holds the sway on buyers
Exactly for this reason many builders locate their projects in these areas
What is the reason for increased construction activity in the area and sale of properties?
Several developers have launched projects in Tellapur, Kollur, Pati Ghanapur in Hyderabad and started apartments. Some have built apartments while others built gated community projects. Some others are building villages in these hot locations. Many developers have started projects in these destinations by virtue of their proximity to Gachchi Bowli and Financial District.
According to the number of permissions issued by the Telangana RERA for realty projects in these areas, at least 13,000 to 16,000 flats are being built here and construction activity is going on with the objective to deliver the properties in three years.
Sometime back these very areas fuelled the undesirable practice of sale of the pre-launch sales of the projects in Hyderabad. Out of greediness to become millionaires overnight, many turned out to be developers venturing into the realty sector from other fields of activity. They collected crores of rupees at these very hot destinations in the name of pre-launch sales of properties. There are many who are yet to launch their projects. Therefore, it is advisable to buy properties from RERA-approved projects. It is advisable to verify the background of the builder, completed projects by builder, rate being quoted by builder, amenities offered and other relevant aspects before deciding to buy a property.
20 Developers
Currently, over 20 developers are building gated communities
The total area under development will be around 150 acres
The number of towers to be built is 75
The number of flats to be built is 16,000
Flat plinth areas vary between 1000 and 2880 sft
Minimum cost of flat would be Rs 46 lakh while maximum cost would be Rs 1.21 crore