- Central Zone - Areas under this zone are Begumet,, Banjara Hills, Jubilee Hill, Ramkti etc. Most of these locations, in and around Hussain Sagar Lake, are the traditional residential hubs of the city. Locations like Banjara Hills and Jubilee Hills are considered prime residential areas, catering to the high income segment. Prices have mostly held their ground. Most of the developments are stand-alone projects as opposed to townships due to scarcity of land parcels. Majority of these are redevelopment of existing properties in inner roads of Banjara Hills. Key upcoming notable projects include Aditya's Green park in Jubilee Hills, RRS towers on Raj Bhawan Raod and Prajay Riveria at Banjara Hills.
- Northern Zone - Areas under this zone are Nizamet, Kompally, Bowenpally, Qutbullapur - Region is witnessing an even mix of both apartment and villa projects. Considerable amount of demand is investor-driven. Many prominent developers have taken up projects in the region as there are large tracts of land available along with excellent infrastructure. Noticeable projects in the region include Ambience Neighborhood by Ambience Group, Casa Estebana (54 villas) by Koncept Ambience Group, Aditya's Grand Ville and A la Maison.
- Eastern Zone - Areas under this zone are Shameerpet, Yapral Cherlapalle, Pocharam abd some parts of Secundarabad. Region mainly consists of gated communities and villa development. Northern half of this region is witnessing active real estate development (Shammerpet, Yapral). Prajay Celebrity Villas and Prajay Boomingdale are two large projects in this micro market
- Western Zone - Areas include Cyberabad locations like BHEL, Madhapur,Gacchibowli etc. Majority of demand in the region is end-user-driven, primarily from people working in Hitec City. Bachupalli, Borampet are witnessing villa and row house developments whereas Gachibowli and Kukatpalli are witnessing more high-end residential apartments. Noticeable projects in the region include Hill Ridge in Gachibowli and Lanco Hills in Manikonda, Raintree Park at Kukatpaali on 35 acres, Silicon Country at Madhapur, Prajay Ridge Wood at Nagagandala and Maytas Hill Country at Bachupalli.
- Southern Zone - Areas include Himayat Nagar, Shamshabad, etc. Plotted sales are high in the region. These locations primarily cater to mid income housing at price point
Thursday, December 04, 2008
Review of Hyderabad Residential Market
Today we are going to have a look at Hyderabad's Residential Market.
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