Real Estate Trends In Narsingi

By Author: Anusha
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Real estate trends in Narsingi

Hyderabad as the combined state capital of Telangana and Andhra Pradesh is bustling with real estate investment activities. Hyderabad is the largest contributor of GDP to the state of Telangana and is regarded as the sixth largest city of India with an enormous real estate market for real estate developers as well as real estate investors. The overall Indian real estate scenario in 2016 is finally set for an uptick riding on regulatory reforms that would help in removing bottlenecks of delivery and affordability issues.

The Hyderabad real estate market is emerging as the great entry point for investments especially in around the growth corridor areas of HITECH City stretching up to Narsingi junction. A recent advisory report of Knight Frank India delved on top residential investment destination in India that promises a price appreciation of 94% and 70% by 2020. Among those residential property destination that emerged is the Puppalguda-Narsingi junction that is expected to appreciate by 41% by the end of 2020. Real estate buyers in Hyderabad prefer to buy projects that are ...
... at nearing completion stages, as there are good deals available from real estate developers or builders (like Accurate Developers) such as on pricing and payment plans.

Builders namely, Accurate Developers are targeting the real estate development in and around Gachibowli – Narsingi stretch on Child Focused Homes by developing gated community homes/residences and apartments spread across 6.5 acres. The close proximity of airport and other infrastructure facilities such as outer ring road has resulted in Narsangi emerging as the next growth corridor.

The areas falling under Puppalguda-Narsingi cluster is emerging as one of the potential destinations for residential investment. The office as well commercial spaces due to low rents/rates has boosted the reality prospects falling under Gachibowli- Narsingi near the Financial District of Hyderabad. According to the recent statistics, the city of Hyderabad has witnessed about 50% new apartment launches in 2015 as against 38% in 2014. The affordable prices and future prospects have led to plots and layouts witnessing a whopping 37% new supply in 2015. Villas and row houses witnessed nearly 14% growth during 2014.

Real estate firms (such as Accurate Developers) have created new housing trends in the form of child focused homes with 2 & 3 BHK apartments with club house located at Gachibowli extension. These apartments are aptly named as Accurate Wind Chimes that are built taking into account a children specific creative pursuits and holistic well being by providing facilities such as-
• Yoga – By Art of Living teachers
• Music courses – By Trinity qualified professionals
• Dance – By the Dance Studio
• Crèche facilities being offered by Bricks the School for working parents

The Gachibowli - Narsingi as such is emerging as the fastest growing areas of Western Hyderabad with developers offering apartments at much lower price points than their other competitive real estate developer projects in Gachibowli stretch.