Post on 10-May-2023
1. Overview
Kondapur is a suburb located on the north-western part of Hyderabad, about 20 km from the heart of the city, in Ranga
Reddy district. Strategically located in the Cyberabad Information Technology Zone, it has gradually progressed into a
buzzing business hub. It is renowned for its connectivity as well as infrastructure facilities which has resulted in its
growth as a prominent residential realty destination.
Source: Real Estate Insights by CommonFloor.com
2. Connectivity
Kondapur is nestled between some major roads such as Old Mumbai Road, the Gachibowli-Miyapur Road as well as
the Hitech City Road. Some of the other important roads passing through Kondapur are the Botanical Garden Road
and the Police Colony Road. APSRTC buses ply along the area with many bus stops dotting it. The nearest railway
station from Kondapur is the Hitech City railway station, located about 3 km away, along the Hitech City Road. The
Rajiv Gandhi International Airport at Shamshabad is located about 33 km away along the Outer Ring Road (ORR). The
proposed Metro railway station at Miyapur is just about 5 km away along the Gachibowli-Miyapur Road while the
nearest MMTS railway station is located at Khairatabad, about 14 km away.
3. Infrastructure
Kondapur has many important infrastructure facilities which has enhanced its appeal as a residential destination. Some
of the reputed schools in the area are Jain Heritage Cambridge School, Arbor International School and TIME School,
among others. There are some prestigious colleges in the area such as International Institute of Information Technol-
ogy, Gunter Vignan Jr College and Vignan Vidyalaya Jr College, among others. The area also has a few important health-
care centers like Apollo Clinic, Civil hospital and Sunshine Dental clinic, among others. Some of the important religious
institutions in the area are Raghavendra Swamy temple, Saibaba temple and Our Lady of Good Health church, among
others. Besides, there are many important facilities like branches of important banks, shopping centers and restau-
rants, among others. The area is also renowned for many renowned parks like Night Safari Park, Sri Kotla Vijaybhaskar
Reddy Botanical Garden and Gautami Enclave Park, among others. There are also many water bodies in the area.
Figure 1 Location map of Kondapur
4. Real Estate Market Analyses
Kondapur has gained prominence due to the influx of many IT companies as well as the development of the financial
district in close vicinity. Surrounded by many commercial complexes and IT offices, it has become one of the prime
locations for builders and a favourite destination for the IT workforce to settle down.
Kondapur has many residential pockets scattered across in the form of residential colonies, enclaves and layouts. Some
of these residential pockets are Raghavendra Colony, JV Hills, Rajarajeshwari Nagar, Jagruthi Colony, Hanuman Nagar,
Camelot Layout, Laxmi Nagar, Police Colony, Prashanth Nagar Colony, Forest Dept Colony, Sai Pruthvi Estate, CMC
Enclave and Sri Ramnagar, among others.
Market Segmentation for Apartments based on Pricing
Source: Real Estate insights by CommonFloor.com Fig. 1 & 2 indicate that there is high demand for property in the mid-range segment. And this trend is growing even
further. There has been a substantial increase in demand for mid-segment properties from 52 to 72 per cent. This is
due to the growing demand from the IT professionals working in the area as well as from nearby areas such as
Gachibowli and Hitech City where prices are relatively high. There are also now a large number of individuals with dual
incomes as well as higher disposable incomes. Add to this, today, more number of people are aspiring for ‘more than
affordable’ houses.
Capital and Rental Values of Multi-storey Apartments in Kondapur in Q1 2014
Table 1 Property Prices in Kondapur
Capital Values (Rs/Sq. ft.) Rental Values (Rs/Sq. ft.)
Min. Price 3,620 14
Max. Price 3,790 12
Avg. Price 3,705 13
Appreciation/Depreciation (compared to Q4, 2013)
1 per cent NA
Source: Real Estate Insights by CommonFloor.com
21%
52%
17%
10%
14%
72%
7%
7%
Affordable (20-40 L)
Mid-range (40-70 L)
Luxury (70 L – 1 Cr)
Ultra luxury (> 1 Cr)
Figure 3 Pricing for Completed Projects Figure 2 Pricing for Upcoming Projects
Market Segmentation for Apartments based on BHK configuration
Source: Real Estate Insights by CommonFloor.com Fig. 3 & 4 clearly indicate that 3 BHKs are the most preferred property type in the locality. However, the demand for
2BHK is also on the rise. The demand for 2BHK has increased from 37 per cent to 44 per cent. This can be attributed to
various reasons including an increase in the number of middle-class nuclear families and also the growing preference
among IT professionals for cost-effective smaller houses instead of expensive large ones. Additionally, many
professionals with smaller investment brackets are buying here and later putting it on rent.
Price Trends in Kondapur
Source: Real Estate Insights by CommonFloor.com Fig. 5 shows that there has been a steady increase in residential prices in Kondapur since the Jan-March 2013 quarter.
There was a slight slump in prices during the July-Sept 2013 quarter. However, since then there has been a steady
upswing. There was a 10 per cent increase in prices in the Jan-March, 2014 quarter compared to the subsequent period
last year, and a 3 per cent increase compared to the previous quarter. This is primarily due to the resolution of the
Telangana deadlock as well as improved economic stability. This trend is expected to continue in the future due to
stability returning to the region.
37%
58%
5%
Jan-March, 2013 April-June, 2013 July-Sept, 2013 Oct-Dec, 2013 Jan-March, 2014
3100
3200
3300
3400
3500
3600
3700
3800
WA Price (per sq.ft.)
44%
54%
2%
2 BHK
3 BHK
4 BHK
Figure 5 BHK proportion for Completed projects Figure 4 BHK Proportions for Upcoming projects
Figure 6 Price trends in Kondapur
Rentals in Kondapur (in Rs)
Fig. 6 indicates that the maximum rentals for
3 BHK apartments in Kondapur is much
higher than that for 2 BHK units despite the
minimum rentals being lesser for 3 BHK units.
Hence, from a tenant’s point of view, it would
be better to rent a 2 BHK apartment unless it
is extremely essential to rent a 3 BHK unit.
However, from an investor's perspective,
higher returns can be got by investing in 3
BHK units compared to 2 BHK units.
Source: Real Estate Insights by CommonFloor.com
Capital Values per Sq. ft. (in Rs) for residential units
Figure 8 indicates that the maximum
expected capital value for 2 BHK
apartments is higher than that for 3 and 4
BHK units. Besides, the minimum
expected capital value for 2 BHK units is
higher than that for 3 BHK units. Hence,
from a buyer's perspective, it is better to
buy 4 BHK units than 2 BHK units due to
the cost advantage. However, from an
investors’ perspective, it is more lucrative
to invest in 2 BHK units as he would get
more value for his money on sale.
For villas, the minimum and maximum
capital value for both 4 and 5 BHK units
are almost the same. Hence, from a buyer's point of view it makes more sense to buy a 5 BHK unit while from an
investor's point of view either of the two can be equally lucrative.
Area in Sq.ft. in Kondapur for residential units
Figure 9 indicates that the maximum and
minimum area in sq. ft. for 4 BHK
apartments as expected is greater than that
for 2 and 3 BHK units. Considering that the
capital values for 3 BHK apartments is
almost at par with that of 4 BHK units, it
makes more sense as an end user to invest
in 4 BHK units. However, from an investor's
point of view, it is more lucrative from an
investor's perspective to invest in 3 BHK
apartments. The advantage that an
investor has by investing in 3 BHK units is
that rentals are quite high and there is a
steady demand for such units. In
comparison demand is lower for renting 4
BHK units because the rentals are higher. Moreover, more time and effort is required by the tenant to maintain them.
1 BHK Apt 2 BHK Apt 3 BHK Apt
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
Max Expected Amt(Rs)
Min.Expected Amt(Rs)
Avg.Expected Amt (Rs)
2 BHKApt
3 BHKApt
4 BHKApt
4 BHKVilla
5 BHKVilla
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
Max Expected Amt (Rs)
Min.Expected Amt (Rs)
Avg.Expected Amt (Rs)
2 BHK Apt 3 BHK Apt 4 BHK Apt 4 BHKVilla
5 BHKVilla
0
1000
2000
3000
4000
5000
6000
Max.Area
Min.Area
Avg.Area
Figure 7 Rentals for residential units in Kondapur for different BHK
configurations
Figure 8 Capital values per sq. ft. for apartments in Kondapur for different
BHK configurations
Source: Real Estate Insights by CommonFloor.com
Figure 9 Area in sq. ft. for apartments in Kondapur for different BHK
configurations
Source: Real Estate Insights by CommonFloor.com
For villas, it can be seen that the sq.ft. area for 4 BHK units is greater than that for 5 BHK units. Moreover, since the
capital values of 4 BHK units is on par with that for 5 BHK units, it would be more advantageous to invest in 5 BHK units
from an end user's perspective. Investors are also expected to get higher returns out of 5 BHK units, provided there is
a steady demand for them.
Key Completed residential Projects in Kondapur
Some of the important completed apartment projects in Kondapur are Gauthami Sigma Towers by Gauthami
Developers, Prime Splendour by Prime Constructions, Reliance Paradise by Reliance Builders, Tranquil Towers by Sree
Thirumala Constructions and Bharat Iconia by Bharat Infratech Projects, among others.
Table 2 List of Premium Upcoming Apartment Projects in Kondapur
Project Name Builder Name Total Units Launch Date Expected Possession Date
Luxor Apartments Trishala Infrastructure 474 June, 2013
Dec, 2014
Pranit Galaxy Apartments
Pranit Projects Pvt Ltd
468
Nov, 2013
Dec, 2016
RV Bhaijikunj R V Nirmaan Pvt Ltd
306
Aug, 2012
June, 2015
RV Bhaiji Panchajanya R V Nirmaan Pvt Ltd
306
Feb, 2013
March, 2015
SVC Treewalk
SVC Ventures Pvt Ltd 192
Dec, 2013
Dec, 2015
Prime Legend
Prime Constructions
130
Aug, 2013
Jan, 2015
SK Wonders NCB
Shriya Constructions 96
March, 2013
Oct, 2015
Gem Vivendas Ascentia Gem Vivendas
92
Jan, 2014
Feb, 2016
Source: Real Estate insights by Commonfloor.com
Advantages of staying in Kondapur
• Well connected to Hitech City and Gachibowli
• Transport facilites like buses and trains are available
• Good infrastructure facilities
• High growth prospects
• Calm and peaceful locality
• Various residential options
• Well connected to the International airport
• Wide roads, with fewer traffic jams
• Pollution-free environment
Challenges of staying in Kondapur
• Water scarcity especially during summers
• Approach roads not properly developed
• Traffic congestion during peak hours
Future Prospects of Realty in Kondapur
Kondapur, being in close proximity to both Hitech city and Gachibowli, is a fast-developing residential hub for IT
professionals working in these IT hubs. Rentals in the area are also considerably lower than those in Hitech city and
Gachibowli. Infrastructure, though fairly well developed has the scope of developing even further. With the
development in infrastructure and the coming up of new facilities, the real estate market in the area is expected to get
a major facelift. Considering that the prices are comparatively lower than a few years back, buyers can expect to buy
residential units by availing discounts offered by developers. Investors in land as well as residential accommodation
can also expect high returns in future when the prices stabilise.
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Authors
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Disclaimer: The document above is written by the Domain Research Team at Commonfloor.com, India’s fastest growing real estate
website known for its unbiased prognosis in Real Estate sector.
The information provided in this report is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps.
It should be considered as a guideline and not in absolute certainty. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is confidential and the sole property of CommonFloor.com. It should not be reproduced in any form, in part or whole, without prior permission.
Ranjan Joseph
Research Associate ranjan.j@commonfloor.com Bangalore
Priyanka Kapoor
Chief Editor priyanka.kapoor@commonfloor.com Bangalore
Meha Singla
Manager Research meha.s@commonfloor.com Bangalore