NEWS

Are you considering buying a home in West Hyderabad? Take a look at Kokapet - a rapidly booming locality that has been on the homebuyers’ radar. The area has witnessed a steady demand due to the presence of ace developers like My Home, Rajpushpa, Prestige, Trilight, Poulomi Estates and quality infrastructure.

Kokapet's strategic location is a major draw for professionals working in Hyderabad's thriving IT industry. It is in close proximity to the Financial District, HITEC City and Gachibowli, which house major IT parks and multinational corporations like Wipro, Infosys, Amazon, Google, Accenture, Broadcom, Microsoft, TCS, Virtusa, Cyient, etc. The short commute to these areas makes Kokapet an ideal residential choice for IT professionals, reducing daily travel time and allowing for a better work-life balance.

Proximity to IT Hubs

Kokapet's robust property market and price appreciation have positioned it among the top five residential hotspots in West Hyderabad. Average property prices in Kokapet have escalated impressively by around 85 percent in the last five years, currently averaging Rs 10000 per sq ft. The expansive IT sector followed by infrastructural developments and the premium developers. 

Excellent Connectivity

Kokapet boasts of excellent connectivity with the rest of the city. It is well-connected to the Outer Ring Road (ORR), providing seamless access to various parts of Hyderabad. Additionally, the presence of newly laid wide roads, well-maintained road networks and public transportation options ensure convenient travel within the city.

Green Spaces and Scenic Beauty

One of the most appealing aspects of Kokapet is its abundant greenery, picturesque landscapes and scenic beauty. The area is characterized by open spaces, parks and lakes, making it a refreshing contrast to the bustling city life. These natural surroundings offer residents a serene environment to unwind and connect with nature. The Gandipet and Kokapet lake, Khajaguda hills, multiple parks and gardens that offer clean and green environment is a respite from the hustle and bustle of the busy city life.

Kokapet is experiencing rapid real estate development, with a wide range of housing options to choose from. Luxury Apartments, Premium Lifestyle gated community Apartments and villas, there is something for every budget and lifestyle. These gated communities are equipped with modern amenities, ensuring a comfortable and convenient living experience. Rajapushpa Properties, a distinguished real estate developer in the city has a number of projects at Kokapet that offer a plethora of amenities and an ideal home for growing families and professionals.

Future Growth Potential

Considering the pace of growth, it can be safely concluded that Kokapet is the future of the Hyderabad real estate industry. The area’s natural beauty, excellent location and world-class amenities make it a highly desirable residential destination. Moreover, the area is undergoing rapid infrastructure development, which is further boosting its appeal as a residential destination. 125 acres in Kokapet SEZ have been allocated to a few big players of the real estate industry to develop a world-class commercial space and the largest private IT park in the country. This will generate a large number of IT jobs in the coming years and Kokapet will soon become one of the most sought-after residential destinations in Hyderabad. Therefore, investing in Kokapet is a smart decision!

Whether you are a working professional, have a family or an individual seeking a peaceful yet vibrant lifestyle, Kokapet has something to offer for you, making it a top pick in the real estate market of Hyderabad. As the city of Hyderabad continues to flourish, Kokapet stands as a prime example of a locality that caters to the evolving needs and aspirations of its residents.

Hyderabad continues to shine bright in the realm of real estate. Despite economic challenges and rising home loan rates, the city has defied odds and experienced a surge in housing sales, winning the hearts of homebuyers far and wide.

According to the latest data from Anarock Research, during the second quarter of 2023, approximately 1,15,100 units were sold across the top seven cities in India.

This represents a phenomenal 36 per cent increase compared to the same period in the previous year. Among these cities, Hyderabad boasts a considerable 21 per cent spike in sales, with approximately 13,570 units finding new owners during Q2 2023.

But the success story doesn’t end there. Hyderabad also witnessed a surge in new property launches, with around 10,470 units joining the market during the same period. While this may indicate a yearly decline of 51 per cent compared to the previous year, it’s important to note that a substantial 43 per cent of the new supply caters to the high-ticket price segment, with properties priced over Rs 1.5 crore.

This surge in luxury housing options is not a fleeting phenomenon in the city but a growing preference that has gained momentum in recent years, particularly following the onset of the Covid-19 pandemic. Buyers are increasingly drawn to the allure of luxury houses, seeking the perfect blend of elegance, comfort, and exclusivity.

As per a latest report from Knight Frank India, Hyderabad has recorded registrations of 5,787 residential properties in October 2023, observing a rise of 25% year-on-year (YoY). According to the global real estate consultancy, the total value of properties registered during the month stood at Rs 3,170 crore (Cr), which too has increased by 41% YoY indicating a movement towards sale of higher value homes.

Residential sales during October 2023 were mainly within properties sized 1,000-2,000 sq ft whereas the price range of Rs 25 – 50 lakhs, accounted for the highest registrations. However, beyond the concentration of bulk transactions homebuyers also bought plush properties, which are bigger in size and which offer better facilities and amenities.

The Hyderabad residential market includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.

Some of these deals have happened in markets like Hyderabad and Rangareddy wherein the properties were sized more than 3,000 sq ft and valued upwards of Rs 4.5 crores.

In October 2023, the highest proportion of property registrations in Hyderabad was in the price range of Rs 25 – 50 lakhs, accounting for 50% of the total registrations. Properties priced below Rs 25 lakhs constituted 16% of the total registration which has fallen from the 22% share recorded during October 2022.

The share of sales registrations for properties with ticket-sizes of Rs 1 crore and above was 10% in October 2023, higher as compared with 8% in October 2022.

Registered properties in October 2023 were concentrated in the range of 1,000-2,000 sq ft, with this size category accounting for 69% of registrations.

There was a moderation in demand for smaller homes (500 -1,000 sq ft), with registrations for this category falling to 16% during October 2023 from 21% in October 2022. However, properties larger than 2,000 sq ft saw an increase in demand, with registrations rising to 12% during October 2023 from 10% in October 2022.

the housing market in Hyderabad, India, was experiencing a surge in demand due to various factors such as the growth of the IT sector, favorable government policies, and the city's overall economic growth.

According to a report by property consultant Knight Frank, Hyderabad saw a 4% increase in residential property prices in the first half of 2021 compared to the same period in 2020. The city has also been witnessing a rise in demand for luxury and premium housing units.

The pandemic-induced work-from-home trend has also resulted in many people looking for larger homes with more space, which has further driven up the demand for residential properties in Hyderabad.

The Telangana government has also announced several measures to boost the real estate sector in the state, including reducing stamp duty and property registration charges for a limited period.

Overall, the Hyderabad housing market appears to be on an upward trajectory, with increasing demand and favorable government policies creating a favorable environment for property buyers and investors. However, it's worth noting that market conditions can change quickly, and it's always wise to conduct thorough research and seek professional advice before making any real estate investment decisions.

In 2022, Hyderabad witnessed the maximum sale of new homes in South India, according to the latest report of PropTiger, an online real estate brokerage company. It revealed that the sales in the city reached 35,372 units followed by Bengaluru at 30,470 and Chennai at 14,100. The localities of Tellapur, Gundlapochampally, Kollur, Puppalaguda and Kokapet were the most preferred localities among homebuyers during the fourth quarter of 2022.

More than 50% of the sold units were of 3BHK configuration, followed by 2BHK at 41%. Maximum units (44%) sold were in the price bracket of over ₹1 crore as the prices for new supply and inventory grew by 4% year-on-year as of 2022-ending owing to rise in construction costs and firming up end-user demand. The prices of new homes have grown from ₹5,900-6,100 per square feet to ₹6,130-6,330 per square feet.

“Despite the challenging global environment, Hyderabad’s real estate market has shown remarkable growth with a significant increase of 59% year-on-year in sales and 70% year-on-year in new home launches. This growth has surpassed its southern counterparts making Hyderabad a perfect example of a thriving residential market,” group CFO of Housing.com, PropTiger.com and Makaan.com, Vikas Wadhawan said:

Owing to the business-friendly atmosphere and upgraded infrastructure, the city has witnessed an increase in office leasing activity and job opportunities, which have a ripple effect on the property market, pointed out director and head of Research at Housing.com, PropTiger.com and Makaan.com, Ankita Sood.