Tellapur is situated about 32 km west of the heart of
Hyderabad. Capital values of residential properties in the area have witnessed an
increase of 50 per cent since April 2013. According to the recent data, prices of
residential properties which were about Rs.2200 per sq.ft, nearly 19 months
back, have now increased to about Rs.3200 per sq.ft. This means that a 1000-sq-ft
house that was worth Rs 23 lakh just around 19 months back now is valued at
more than Rs 30 lakh.
The strategic place of Tellapur between the financial
district of Gachibowli and BHEL has done wonders to the property market of the
locality. Increased demand is fuelled by those working with the different IT firms
and MNCs in the region. Tellapur is witnessing an influx of a number of new
projects. Developers are building both multi-storey apartments as well as
independent villas. So, invest in tellapur villas, which will
give you good returns.
Well, demand is robust from both end users as well as
investors. While, end users choose the place due to its proximity to office
places, lower capital values and lack of traffic congestion and pollution,
investors are eyeing the area for the huge scope of appreciation it offers in
the future. With multiple under-construction projects rates are bound to increase
when these near completion.
