The commercial occupancy growth in Hyderabad is always thriving every year. Hyderabad is one of the largest cities in India which accounts for more than one crore population. The city has numerous benefits from conditional weather to the cost of living. As per the economic Times survey, Hyderabad is categorized as a low-cost living city from the list of metropolitan cities. The present government has earmarked specific zones for particular investments such that, every zone is dedicated to a sector. The Telangana mobility valley is India’s largest cluster for automobile industries for their advancements and research. After Bangalore, Hyderabad is called the second silicon valley of India, with countless investments and developments. This cosmopolitan city accommodated more than a million people not only from different states but different parts of the world.
Let us see the 3 most thriving areas to buy a commercial property.
Kondapur
Kondapur is located in the west part of Hyderabad. Normally west side of Hyderabad has a record appreciation than other parts because the west part has numerous IT companies. Kondapur has the vicinity of the Hi-tech city. So, commercial spaces will have ample demand than usual. Kondapur to Gaachibowli road has countless hotels and shopping malls in between. At present, the average square feet price in Kondapur is ranging between 8,000 to 12,000 per square foot depending upon the builders and the exact location.
Madhapur
Madhapur is also located in the west part of Hyderabad. Madhapur is somewhat larger than Kondapur in terms of area. Madhapur is an extremely developed city in Hyderabad with world-class infrastructure and developments. A lot of demand has been seen in Madhapur due to the growth in expansions. Some of the prestigious hotels like ITC Kohenur and Radisson also have their presence. Even Inorbit mall is located in Madhapur makes it a Newyork of Hyderabad. Raheja Mind space is one of the largest commercial workspaces in Hyderabad located in Madhapur. Currently, in Madhapur prices could range from 6,500 to 10,000 per square foot.
Nanakramguda
Nanakramguda is also considered a future-oriented city with advanced developments and augmentations in investments. The financial district, which is the most popular and most expensive city in terms of land, is located in Nanakramguda. On top of that Nanakramguda has proximity to the Kokapet as well as ORR. The commercial properties are thriving in terms of growth and appreciation.
On average, the prices may range from 7,000 to 10,000 depending upon the area and builder selected.
Owning a property is always a wish and desire. It is not an investment but its responsibility. But owning the best property is more important than owning a normal property. We at Squareselect always deliver the best out of the best properties to our customers. Contact squareselect now to get your best property.