Why Kothur Is A Good Investment Hub:
Kothur is
fast gaining importance in Hyderabad’s real estate as several gated communities
are underway in the area. Its proximity to the IT hub and business districts
makes the area a good investment option.
Though the
area is still in its development stage, many proposed projects such as the
Techno City and integrated gated townships are sure to increase demand in the
area.
Many
software companies and the IT hubs are in close proximity. The area is also
close to the Outer Ring Road (ORR), which allows residents to enjoy great roads
and have access to all parts of the city. The highway which connects easily to
the other parts of the city also reduces travel time and helps to avoid a
railway crossing on the way.
The area
offers mid-range and high end housing options. Many real estate experts and
enthusiasts say that people are in the wait and watch phase of buying property
in Kothur. They are waiting for the proposed development plans to take off
before investing here.
However
after 5 years the prices will escalate too much. Kothur is one of the fast
developing area in Hyderabad as of now. Many open plots, residential
apartments, gated communities, and villas are on its way.
Most of the projects are in the initial stages
of construction. Apartments are priced at about 2,500 per sq. ft onwards, while
villas fall in the ` 1 crore to 3 crore price range. However in next few days to few years it’s
going to get high soon.
The area
mostly houses people from the IT sector, professionals working at Financial
District, colleges, and international schools.
There are
high-end and most comfortable gated communities are making its way in Kothur. Many
people are also looking out for best gated communities’ open-plots. Most of the
people living in Kothur are end users.
Residents of
the area are mainly end users. There are very few tenants. International
schools are hardly fifteen minutes’ drive from Kothur and has super markets from
where one can shop for daily items.
One can
easily travel to Gachibowli area for any major shopping or entertainment. The
roads are very good and there is hardly any traffic so travelling is not any
issue. However one would need their own vehicle to get around as there are no
autos or buses plying in the area.
The area has affordable rental options. The
rental for a 2-BHK is about `12,000 and ` 15,000 for a 3-BHK. Few villas are
also available for rent at about ` 30,000 per month.
Tellapur is
about 16 km from Hitec City, 27 km from Punjagutta, 32 km from Secunderabad and
38 km from RGIA.Gopanpalli, Osman Nagar, Vidyut Nagar and Serilingampally are
some of the localities near the area. “The roads are good for now, but they
will end up being too narrow in the next five years when this locality and its
surrounding areas witness rapid development and traction from people,“ says
Reddy.
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