The real estate sector is booming in East Hyderabad.
Affordable houses
The demand for the western region of Hyderabad is unmatched anywhere else in the city. With the presence of the IT corridor here, West Hyderabad is well developed, and the real estate sector is booming. Land and house prices are sky high. In the later period, the North and South also developed, but it can be said that East Hyderabad was lagging behind. However, the situation has changed now. The previous government bought the ‘Look East’ slogan, and many people have recently turned their eyes to the east with the improvement of infrastructure, improved transport facilities with the metro, and the development of an advanced railway terminal.
Some malls and multiplexes have already started there, while others are under construction. In this background, the real estate sector is going strong in East Hyderabad on both sides of Warangal, Vijayawada, and Nagarjuna Sagar roads. While Uppal and LB Nagar have already developed massively and the realty boom continues, recently, areas like Pocharam and Ghatkesar are also gaining momentum. Adibatla is also gradually developing. As flats are available here, even for the middle class, many people are showing interest in this area. Villas are also being constructed. Employment opportunities are also good with the presence of IT and AeroSage.
In the past, gated communities were not so common in the east. But recently, they have increased a lot. Gated communities are being constructed around Uppal Stadium as well as in LB Nagar, Karmanghat, Vanasthalipuram, and Sagar Road. In fact, if you want an affordable house here too, you have to go from the Inner Ring Road to the Outer Ring Road. Market sources say that the market is stable at present. It will pick up after the Lok Sabha elections. As a result, the prices will also increase. In this order, this is the right time to buy a house in that area. Currently, the prices of flats in the east range from Rs. 40 lakh to Rs. 2 crore. There are also more expensive ones. Some companies are also building premium projects here. IT employees are also interested in buying a house here in view of the presence of the metro from Uppal. With this, East has become the best real spot not only for the middle-class people but also for all the people.
