- Pay 30% first
- Remaining payment after construction
- Rs 5,299 per square foot
If you want to buy a flat in West Hyderabad, in some projects the overall cost works out to Rs 11,000–Rs 12,000 per square foot. For those who cannot afford this, choosing Pocharam in East Hyderabad, where the IT sector is booming, is a better option. The area is attracting not only IT professionals but also people working in government and private sectors. Flats here are available at just Rs 5,000–Rs 5,500 per square foot.
Currently, it takes at least half an hour to reach Pocharam from Uppal Metro Station, and traffic jams can make the journey even longer. However, once the Uppal flyover becomes operational, travel time will reduce significantly. From Uppal Metro, one can reach Infosys in just fifteen minutes.
Because of the currently lower rates, buying a flat in a project that will be completed in one to two years is considered ideal. Whether for investment purposes or rental income, purchasing in Pocharam is seen as a good decision.
So, which projects are currently available there?
After Uppal Metro Station, in Peerzadiguda and Pocharam, Harihara Estates is currently constructing several projects. Known for its consistent quality, this company has developed most of its projects in East Hyderabad over the past three decades.
In Pocharam, they are building a project called Sri Sai Kakatiya on three acres. Here, a two-bedroom flat of 1,335 square feet is available for Rs 80 lakh. If Rs 20 lakh is paid as an initial investment and Rs 60 lakh is taken as a bank loan, the monthly EMI for a 15-year loan would range from approximately Rs 55,100 to Rs 59,800. For a 20-year loan, the EMI would range from Rs 47,800 to Rs 52,800. Moreover, if needed, the company can also facilitate bank loans for buyers, making the process more convenient.