Patancheru, considered to be poor as compared to Hyderabad on the outskirts, filled with polluting industries, is indeed developing into a hot destination for real estate, with several industries being shifted outside ORR.
Situated in the north-western end of Hyderabad on the Hyderabad-Solapur highway and also around 18 km from the IT corridor, Patancheru real estate is indeed witnessing a brisk sale of flats and plots post-COVID-19, with settlers much preferring to buy properties here given the affordable rates. Since it is very near the Outer Ring Road, the Rajiv Gandhi International Airport (RGIA) can be reached very quickly.
The old Bombay Highway is a big advantage, as it provides better road connectivity between Hyderabad and Sangareddy. Patancheru has the potential to become a residential hub for those who prefer to settle in Hyderabad. Once it becomes pollution-free, there will indeed be a spurt in land costs in Patancheru.
Several layouts have already come up in Patancheru, along with gated communities, and development is continuing.
The state government had given administrative sanction for the construction of a 200-bed super specialty hospital for Rs 185 crore. A diagnostic hub is there. Another major attraction of Patancheru is its Medical Devices Park. Patancheru is also home to India’s first 100 percent women-owned industrial park, located on 50 acres in Sultanpur.
1. Shooting prices
- An acre of land costs between Rs 4 crore and Rs 8 crore.
- A 2 BHK flat sort of sells for about Rs 40 lakh.
- A 200-square-yard house plot costs about Rs 30 lakh to Rs 40 lakh in the Patancheru area.
Patancheru does emerge as a promising destination for both property buyers and investors.
2. The Emergence of Patancheru
With its strategic location and proximity to major industrial hubs, Patancheru has transformed from a quaint town into a bustling urban center. This transformation has, of course, opened up opportunities for real estate development, making Patancheru a hotspot for investors who are looking to capitalize on its growth trajectory.
3. Current Real Estate Landscape
The real estate landscape in Patancheru is considered to be diverse, catering to a wide range of preferences. From luxurious apartments to even spacious villas, the market offers a variety of housing options to suit different needs. The rise of gated communities as well as integrated townships adds to the appeal of the area.
4. Infrastructure and connectivity
A driving force behind the Patancheru real estate boom is its excellent infrastructure and connectivity. Its well-maintained roads, proximity to highways, and accessibility to public transportation make it an attractive location for residents as well as businesses alike.
5. Residential Property Trends
The demand for residential properties in Patancheru is increasing due to the influx of professionals and families seeking a comfortable and convenient living environment. The market does offer a mix of affordable and upscale housing options, making it an inclusive destination.
6. Commercial Property Prospects
Patancheru is more than residential properties; it is a commercial real estate sector flourishing. The establishment of industrial parks and business districts has rather led to a surge in demand for commercial spaces, providing opportunities for businesses to thrive.
7. Investment Potential
Investors do look for favorable returns and need to keep an eye on Patancheru. The upward trend in property values and rental yields does present a promising investment landscape.
8. Navigating Legalities
Patancheru adheres to transparent and streamlined processes, making it much easier for investors to navigate legalities and secure their investments.
9. Top Builders and Projects
Several renowned builders have established their presence in Patancheru, thus offering high-quality projects with modern amenities. Researching and choosing reputable builders can ensure a seamless buying experience and long-term satisfaction.
10. Future Projections
Analysts do predict a bright future for Patancheru’s real estate market, as there are ongoing infrastructure projects and an increasing demand for real estate.
Conclusion
Patancheru has much to offer when it comes to real estate.
