Kondapur - Hyderabad - Commonfloor.com

Real Insights: Locality Snapshot

Kondapur - Hyderabad

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


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.


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


Figure 9 Area in sq. ft. for apartments in Kondapur for different BHK

configurations


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.

----------------------------------------------------------------------------------------------------------------------------------

CommonFloor.com maxHeap Technologies Pvt Ltd #298,299 SGR Towers 7th Cross, Domlur, Bangalore - 560071.

----------------------------------------------------------------------------------------------------------------------------------------------

Authors

----------------------------------------------------------------------------------------------------------------------------------------------

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 [email protected] Bangalore

Priyanka Kapoor

Chief Editor [email protected] Bangalore

Meha Singla

Manager Research [email protected] Bangalore

Kondapur - Hyderabad - Commonfloor.com

Documents

Transcript of Kondapur - Hyderabad - Commonfloor.com