Why Ghatkesar is Emerging As A Preferred Choice Amongst Homebuyers
The real estate sector in Hyderabad is regaining prominence, making the city a hotspot for investors. As the demand for commercial and residential spaces is rising, the construction activity is also picking up pace. There are several factors that have led to the boom of the Hyderabad realty sector, including improved infrastructure, government’s proactive policies, quality educational institutions, growing occupier demand, and political stability, among others.
Besides Hyderabad, the outskirts are also emerging as an attractive option, this is because the homes in these locations are affordable for the buyers. Ghatkesar is one of the locations, which is offering more reasons than just affordability for buyers to invest.
A number of projects in Ghatkesar are being constructed by Hyderabad’s top builders. These include Willow Park and Lakeview Meadows by Pooja Crafted Homes, Pinewood Homes and Golden County by Modi Builders Group, Bandari Blossoms by Laxmi Infratech, and others.
The location is believed to be a safe bet for the potential homebuyers.
There are a number of reasons contributing to the growing popularity of the area Projects in Ghatkesar. Let’s find out:
As the outskirts of Hyderabad are getting a realty revamp, property prices have been rising too. However, projects in Ghatkesar still remain affordable, despite the surge in the prices. The average capital values in the locality range around Rs 5,000 per sq ft.
The suburbs of Hyderabad have all been growing. However, no other locality has observed growth as Ghatkesar. The location has witnessed nearly a double digit growth in capital appreciation, beating all other markets. Moreover, in the last few quarters, prices in the area have appreciated at 9 per cent on quarter to quarter basis.
Located in the eastern part of Hyderabad, Ghatkesar is emerging as one of the most preferred residential locality due to its infrastructural transformation. Apart from the luxurious project in Ghatkesar, the presence of basic establishments have led to an enhanced infrastructure. The availability of state-of-the-art hospitals, schools, colleges, banks, markets, restaurants, theatres, and others.
Ghatkesar also becomes a lucrative choice amongst the home seekers because of its seamless connectivity with other parts of the city. The area is well-connected via strong roadways and highways. It is 4 km from the Outer Ring Road (ORR), spread over 160 kms. Besides, it is in close proximity to Ramoji Filmcity, Vijayawada Highway and Uppal Ring Road. The location is 30 km from the Secunderabad Station and 35 kms from the MG Bus Stand. The Ghatkesar Railway Station and the Hyderabad International Airport can also be easily accessed. As a metro line is about to be extended to Ghatkesar, it is likely to offer an increased connectivity in the future.
The presence of several IT and ITES companies gave majorly led to the growth of the area. As IT professionals are settled in these areas, builders like Pooja Crafted Homes, Modi Builders Group and Laxmi Infratech, among others are readying affordable luxury projects in Ghatkesar.