Hyderabad’s price conscious market has often tilted towards locations which are not only affordable but are also witnessing infra-structure developments. Gajalamaramaram is an example.
Affordable prices along with infrastructure developments around ORR is one of the key factors influencing the pricing in micro-markets of North Hyderabad. Be it metro connectivity or the growth corridor of Miyapur, all these developments have made people invest in plotted development and other properties in upcoming locations. Gajularamaram, primarily a residential area with good supply of flats and plots, continues to witness a significant hike in property prices in the last few quarters owing to healthy demand.
Hyderabad, being a price conscious market, has often tilted towards locations which are not only affordable but are also witnessing infrastructure developments in terms of buyers’ preference. According to Magicbricks data, the lower budget segments of less than Rs 3,000 per sq ft and Rs 3,000-4,000 per sq ft account for more than 70% of consumer preference. This makes Hyderabad the most price conscious city among the three major cities in South India. These two budget segments decide the overall momentum in the market.
The Average price in Gajularamaram has shown a growth of 6.8% in the last seven months which is an indication of the demand in this area.
Property and Price
When it comes to supply, there are a number of ready-to-move-in properties as well as under-construction units available. Flats are the most supplied housing option followed by plots and residential houses. Villas are also available in some locations and you can expect 2 and 3BHK units in the price bracket of Rs 50 lakh to Rs 1 crore. The average rate is Rs 2,500-3,000 per sq ft which may vary depending on the location and facilities.
The Creek Planet School, Dhyanahita High School, Tatva Global School, etc are located within 2-km of the locality. Malla Reddy Narayana multispeciality Hospital, People’s Hospital and Sai Nikitha Hospital are within a radius of 3-km. Other facilities such as shopping malls and Banks/ATMs are also located within 3-5km from here. “It is a calm and peaceful location in affordable pricing. Gajularamaram is the only residential area near Kukatpally and Hitec city where one can easily move into a gated community,” says Pawan Rao, a resident of the locality.
Homebuyers often consider employment opportunities when buying property in a particular location. “Gajularamamram is an upcoming area for all types of business. It has a famous cardiac hospital. You can find get direct buses to Secunderabad Railway Station,” says Gopi Reddy, a broker in the locality. Gajularamaram enjoys proximity to these key employment hubs.
1. Hitec City is just 14-km
2. Gachibowli is 20-km
3. Miyapur is 10-km Gajularamaram is an upcoming residential locality in Hyderabad. It is far from traffic and noise. All major amenities like schools, colleges and hospitals are available near the locality. So, if you are buying for self-use or investment then this locality has potential to give you healthy returns in future.
News Souce: The Times of India.