The area located right on the Mumbai Highway - which in a way has ensured a continued growth of infrastructure and thereby propelling real estate growth - has grown beyond all possible estimations to emerge as one of the key destinations for those looking at property acquisition, writes T. Lalith Singh
A decade back, even the most optimistic of the developer or investor would have been left miles behind in his forecast about the way Miyapur and its vicinities was poised to grow in terms of realty.
The area located right on the Mumbai Highway, which in a way has ensured a continued growth of infrastructure and thereby propelling real estate growth, has grown beyond all possible estimations to emerge as one of the key destination for those looking at property acquisition.
Miyapur boasts of a good land bank for development and builders in the last decade had tapped on this to come up with a host of projects. The location is sort of mid-way stop between the city and BHEL but what really pushed the building activity in recent times happens to be its proximity with Hitec City.
With Kukatpally and Kukatpally Housing Board (KPHB) already in the grip of high development after the coming of massive KPHB colony, the next destination on the fringes of the city happened to be Miyapur. Thus, it was grabbed and the changes are there to see.
The coming of the flyover at Hafeezpet over the railway tracks has made commuting to Madhapur, Jubilee Hills and Gachibowli that much more comfortable and this one project really added to the advantages of Miyapur. In terms of transportation, the location is well connected with the city as well as the suburbs.
The RTC buses from Patancheru and heading towards Secunderabad, Koti, and Dilsukhnagar are in good numbers and in recent times, the services via Madhapur-Jubilee Hills have caught up with young software professionals working in IT hubs. For those in hurry and not willing to wait, the seven-seater autos are available from early hours to late in the night.
The Hafeezpet railway station is located in the proximity and for the MMTS service, it is a key halt. This station also is a stop for many long distance trains on the route.
The proposed Metro Rail, in its present design, ends here and once it takes shape, promise to make commuting more comfortably.
Another project waiting to happen in close vicinities is the Inter City Bus Terminal (ICBT) taken up by the Hyderabad Metropolitan Development Authority (HMDA). A massive infrastructure project, it holds the potential of spurring real estate further.
On either side of the highway, the residential colonies run deep inside and recent times have seen commercial aspects too gaining ground here.
A cluster of shopping complexes and eateries have come up while the location known long for ‘dhabas' still has quite a few of them around. Several leading educational institutions have already set up their campuses while medical and hospital infrastructure could be found falling in place.Most of the leading developers with operations in the city have come up with projects in and around Miyapur and the area is witness to high construction activity with huge structures being set up.
Janapriya has come up with Nile Valley project and with 300 flats ready for possession is in the process of completing another 400 flats. On 22 acres, My Home has built My Home Jewel which has 2,016 flats, an integrated township in itself. Other leading projects include Aditya Imperial Heights at Hafeezpet and SMR Vinay Highlands. The present price range here starts at around Rs.1,700 per sft and goes up to Rs.3,000 per sft which depends on the location, construction and amenities.
A bit into the inside from the main highway, a cluster of apartments have come up and are coming up and the prices here could be discussed with the builder and flats are available here at a slightly lesser price.