The real estate trend in Hyderabad is gradually changing. Until recently, the construction sector in West Hyderabad was booming, but it is now slowly expanding to other areas. Notably, large residential and commercial developments are taking place in the outskirts of the Greater Hyderabad city, similar to Kokapet, Jubilee Hills, Hi-Tech City, and Gachibowli. As a result, the middle-class and upper-middle class people, who are looking for their own homes, are now turning towards areas like Kapra and ECIL, which have become known as industrial hubs on the outskirts of Hyderabad. This shift is due to the presence of central government public sector companies in the region, such as Electronics Corporation of India (ECIL), Nuclear Fuel Complex (NFC), Hindustan Cables Limited (HCL), and Tata Institute of Fundamental Research (TIFR), which have already developed this area into an industrial hub.
With the industries established in areas like Cherlapalli, Kushaiguda, Mallapur, and Nacharam, this region has transformed into a major hub for job and employment opportunities. Additionally, being within the Greater Hyderabad limits, land prices have surged significantly. Hundreds of colonies are emerging in areas like Kapra and ECIL, making it increasingly difficult to find plots for homes. As these areas are not only residential but also expensive, people are now preferring to buy flats in apartments instead of individual plots. The region boasts of engineering and medical colleges, shopping malls, multiplex theaters, and improved connectivity systems. Furthermore, Cherlapalli and Malkajgiri railway stations are located just a short distance away. People from various districts, as well as from Andhra Pradesh and other southern and northern states, reside in this area. As a result, the Kapra and ECIL regions are well-known not only within the country but also among people abroad. This has created a strong demand for the real estate market in the area.
Along major roads like the ECIL-AS Raonagar-Sainikpuri main road, ECIL-SP Nagar-Moulali radial road, and ECIL-Kushaiguda-Chakripuram-Keesara radial road, land prices in these areas range from Rs 1 lakh to Rs 2.5 lakh per square yard. In areas like Kapra, Sainikpuri, Eshwarpuri, High Tension Line, Kushaiguda, Kamalanagar, SP Nagar, and Moulali, the price per square yard is between Rs 80,000 and Rs 1 lakh. For those wishing to buy plots specifically for residential construction, it has become a financial burden for the lower and middle classes. As a result, many are opting for apartments instead. Due to the demand in these areas, bank loans are also easily available.
Real estate marketing professionals report that those who purchased flats in the Kapra and ECIL areas are now able to sell them at a good price, making a substantial profit. The price for flats in apartments in this area ranges from Rs 4,000 to Rs 7,000 per square foot depending on the location and project. Flats in premium projects, which are being constructed with modern amenities, are in high demand. Some construction companies and builders are offering special deals and actively marketing flats in apartments. With two-bedroom flats available for Rs 60 lakh, the middle class is increasingly looking towards the Kapra and ECIL areas to fulfill their dream of owning a home. Accordingly, construction companies are making modifications in the design of flats, incorporating modern layouts and all necessary amenities to meet the preferences of homebuyers.
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