Look for affordable apartments in Kondapur
Kondapur is located in the Ranga Reddy District of Telangana. It is considered to be one of the fastest growing suburbs in Hyderabad. It is surrounded by popular areas such as Gachibowli, Miyapur, Hafizpet, and HITEC City. The area is well connected to most places in the city. The Outer Ring Road which is considered to be one of the main connectors in the city is located at a distance of 3 km from this micro market. The Rajiv Gandhi International Airport is located at a distance of 33 km from this locality through the ORR.
The area is considered to be one of the most affordable micro markets in the city of Hyderabad. The area was considered to be one of more expensive localities in the city, but political instability and oversupply send the prices spiralling down between 2010 and 2012. The going rate for apartments in Kondapur stands at INR 3500 per square feet on average. This is a marginal increase of 1% when compared to the previous quarter.
In the third quarter of 2013 the going rate for apartments in Kondapur stood at INR 4100 per square feet which was an increase of 14% when compared to the previous quarter. In the last quarter of 2013 the going rate dipped by 10% and stood at INR 3700 per square feet on average. The prices further slid by 6% in the first quarter of 2014 and stood at INR 3450 per square feet.
The going rate for a property for sale in Kondapur such as villa or an independent house stands at INR 7400 per square feet on average. The going rate stood at INR 8000 per square feet on average about a year ago. The going rate for plots in this micro market falls between INR 3000 and 4000 per square feet. The rental market here is thriving. A 2 BHK apartment here can fetch a rent that falls anywhere between INR 12000 and INR 15000 per month.
As far as apartments in Kondapurare concerned 2 BHKs are the most preferred. This is followed by 3 BHKs. The most preferred unit size for apartments in Kondapur falls between 1001 and 1250 square feet. This is followed by the 1251 to 1500 square feet. Buyers are willing to spend anywhere between INR 30 to 40 lakhs on a property for sale in Kondapur. This is followed by the INR 40 to 50 lakh range. Per square feet buyers are willing to spend anywhere between INR 3001 and 3500 on properties here. This is followed by the INR 2501 to 3000 per square feet range. Most of the buyers are end users for this micro market.
The real estate market in Hyderabad has been dull due to political instability and the general slowdown experienced by the entire country. But the market is now recovering post the bifurcation of the state of Andhra Pradesh. Areas such as Kondapur are showing a lot of real estate potential. Hence property seekers must start to explore such areas.
The area is considered to be one of the most affordable micro markets in the city of Hyderabad. The area was considered to be one of more expensive localities in the city, but political instability and oversupply send the prices spiralling down between 2010 and 2012. The going rate for apartments in Kondapur stands at INR 3500 per square feet on average. This is a marginal increase of 1% when compared to the previous quarter.
In the third quarter of 2013 the going rate for apartments in Kondapur stood at INR 4100 per square feet which was an increase of 14% when compared to the previous quarter. In the last quarter of 2013 the going rate dipped by 10% and stood at INR 3700 per square feet on average. The prices further slid by 6% in the first quarter of 2014 and stood at INR 3450 per square feet.
The going rate for a property for sale in Kondapur such as villa or an independent house stands at INR 7400 per square feet on average. The going rate stood at INR 8000 per square feet on average about a year ago. The going rate for plots in this micro market falls between INR 3000 and 4000 per square feet. The rental market here is thriving. A 2 BHK apartment here can fetch a rent that falls anywhere between INR 12000 and INR 15000 per month.
As far as apartments in Kondapurare concerned 2 BHKs are the most preferred. This is followed by 3 BHKs. The most preferred unit size for apartments in Kondapur falls between 1001 and 1250 square feet. This is followed by the 1251 to 1500 square feet. Buyers are willing to spend anywhere between INR 30 to 40 lakhs on a property for sale in Kondapur. This is followed by the INR 40 to 50 lakh range. Per square feet buyers are willing to spend anywhere between INR 3001 and 3500 on properties here. This is followed by the INR 2501 to 3000 per square feet range. Most of the buyers are end users for this micro market.
The real estate market in Hyderabad has been dull due to political instability and the general slowdown experienced by the entire country. But the market is now recovering post the bifurcation of the state of Andhra Pradesh. Areas such as Kondapur are showing a lot of real estate potential. Hence property seekers must start to explore such areas.
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