Shankarpalli wasn’t as known to many of us earlier. Gladly, we cannot say the same anymore. With the continuous developments in and around the area in recent years, it has made its name in Hyderabad’s real estate market, interesting many. Let’s just say we’ve found the dime in the west of Hyderabad.
All these developments and we still see people wondering if it’s worth their investment. Let us help you decide if Shankarpalli is still a good location to invest in property.
70% Real Estate Growth From West of Hyderabad
Over 70% of Hyderabad’s real estate comes from its city’s west. Shankarpalli is one such area located in the west of Hyderabad among other booming areas like Gachibowli, Madhapur, Hitech city, and others. With the introduction of the IT sectors, the real estate value of these areas has reached its all-time high with various projects being developed in and around by the builders in Hyderabad.
Rapid Growth of Shankarpalli In Recent Years
As we have seen in recent years, the growth has gone from Madhapur to Gachibowli to Kokapet to now Shankarpalli. It is said that Shankarpalli will reach heights in the real estate sector and become one like Gachibowli years down the line. It is currently at a stage where Gachibowli probably was around 15 years ago.
Prestigious Project Developments In & Around Shankarpalli
The prices grow much faster in developing areas compared to the developed areas, which means Shankarpalli’s real estate is bound to grow much faster – there are many projects undertaken by prestigious companies that are developed into some of the best-gated communities in Hyderabad & are more to develop in the coming years. The area has its charm, infrastructure, and appreciation for price.
Rs.2000 Crores Generated From Kokapet Auction
The Kokapet auction that was held for the Neopolis layout was a huge hit. The HMDA has generated Rs.2000 Crores from eight land parcels. It has helped in the rapid growth, crowded and leaving not many properties around for sale in this area. This confirms Shankarpalli to be next in line as it is closer to Kokapet and has the developer’s sight set on it already.
Shankarpalli Closer To Many Key Locations
Shankarpalli has many international schools and colleges around it. To name a few, Indus International School, Birla Open Minds and Indian Business School (IBS). The area also has great infrastructure and connectivity to Regional Ring Road (RRR) and Outer Ring Road (ORR). Kokapet, Financial District, and Hyderabad Airport are all a few driving minutes away from this location.
The area has all that we need from a real estate property. Most of all, return on investment.
To answer a few questions
- Is it good to invest in Shankarpally?
Yes, Shankarpalli’s real estate is bound to grow much faster – there are many projects undertaken by prestigious companies.
- What is the land rate in Shankarpally?
The land rates in Shankarpally vary from one to another. However, the rates are bound to increase, as it is one of the developing areas currently in the west of Hyderabad.
- Is Shankarpally under HMDA?
Yes, Shankarpally is under HMDA – Hyderabad Metropolitan Development Authority.
- Is Shankarpally rural?
No, Shankarpally is not rural. It is located in Hyderabad, Rangareddy district of Telangana state.
Disclaimer: Blogs on this website are written based on information, knowledge and perspective of the writer. While every caution has been taken to provide readers with accurate information, please use your discretion before taking any decisions based on the information in this blog. In case you find any information that is factually wrong or something that could be made better, please write to us at hyderabadgrowth@gmail.com.
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