Secunderabad Property Market Information

Secunderabad is famous as the twin city of one of the biggest IT hubs of India, Hyderabad. We all know that cities like Bangalore and Hyderabad- the top two IT hubs of South India- have almost neared their saturation point in the real estate market, and people are slowly shifting to the outskirts of these overcrowded cities to save on the pricing part, which is why Secunderabad properties are now being eyed upon by investors in Hyderabad.

As a side effect of Hyderabad getting over-populated, Secunderabad properties have seen a big boom off-late. The twin cities, or the cities of pearl, are witnessing big real estate projects realizing and flourishing in their homelands. Investors from all over the country are investing in Secunderabad, just like they have been doing in Hyderabad all these days. Consequently, today, we see a long list of both commercial and real estate projects throughout the city.

This could be the best time to invest in a place like this. Even though Secunderabad real estate prices have almost doubled in the last few months, it still remains within the range of people who are willing to invest even small amounts Rs. 20-25 lakhs. In the coming years, land prices in the city are expected to shoot up at a staggering rate; so a well thought of investment made at this point in time prove a very smart move.

Today, Hyderabad has turned into a big housing space for civilians. We see many high rising residential apartments, independent villas and huge luxury bungalows being constructed in the town on a large scale.

Commercial Developments in Secunderabad

Moving over to commercial establishments, there is a whole new line of shopping malls and commercial complexes coming up that will change the very outlook of the town. The malls and multiplexes that are running now are already the hottest hang out zones for youth and elders alike, and looking at this, the future commercial projects also look highly promising.

The city is developing due to its proximity to Hyderabad. Offices are shifting their centres to Secunderabad, colleges are opening up. As a result, a good need for office spaces, both for buying and rent, has cropped up within the past few years. There are big requirements of huge office spaces and business complexes in Hyderabad. This situation shifts the focus to Secunderabad property market, and investors from all around the globe see a lot of potential in this town.

In a nutshell, the lifestyle and look of this town is all set to take a paradigm shift for good.

Property Rates in Secunderabad

Some of the best places to invest in the Secunderabad real estate market are Bakaram, Nehru Nahar, Medchal Road, Kingsway, Gandhinagar, Sanath Nagar, Mahatma Gandhi Road, Adikmet Road, and Padmaroa Nagar.

Then there are places like Sainikpuri where you can buy a big 3 bed room flat of around 1120 square feet for a very affordable price of around Rs. 20 Lakhs; whereas, those looking for a bigger flat of around 1500 square feet can choose the posh locales of Habsiguda, where they can get such flats for around Rs. 50 lakh.

Coming to office places in Secunderabad property markets, a big office space of around 6000-6500 square feet should not cost more than Rs. 1.5 Lakhs as monthly rental; this implies that the per square feet rate for office spaces lies somewhere within the range of Rs. 25 to Rs 30.

The good thing about Secunderabad properties is that today even a middle class salaried individual can invest in them, and be rest assured of huge returns in the near future. Speculations have it that the rates, with the development of Secunderabad, would only rise high almost immediately and then stagnate. It is a small city and just the way development would spread fast in the city, it would also spread and end soon. Property would sell like hot cakes, and then sold off to reap benefits within a period of five to ten years.

From six months to a year from now, the rates, as predicted, wouldn’t be the same as now. They are bound to only rise. What do you say? Are you buying or not?