Roads are reopening in the Cantonment area in Hyderabad and the city’s real estate developers are sensing key opportunities with this latest development. Real estate companies active in the Sainikpuri-Yapral zone have major reasons to rejoice. Property prices in these zones of Secunderabad have been increasing slowly by approximately Rs. 200-300 per sq. ft. over the last year or so, realty firms are of the opinion that the current decision of the defence ministry will help the Hyderabad real estate market post higher earnings in the near future. Experts feel that the impact of reopening of Cantonment Roads may not be immediate but there are chances of buyer sentiments improving and residents will also feel better about the realty prospects of this entire zone. There are already several premium gated residential communities which have come up in this stretch over the years and these offer housing options between approximately Rs. 2, 800-4, 000 per sq. ft. Rates could be revised upwards in the future with faster development. This could also happen in case of the commercial realty segment here. Real estate developers highlight how prices have already touched the high benchmark of Rs. 7-8, 000 per sq. ft. in particular zones like the Sainikpuri-ECIL crossroad zone or the A S Rao Nagar Main Road. This is the fastest growing and most premium micro-market in the entire zone according to reports. Several top brands are now coming to this stretch and this promises a transformation of the entire area in the near future in terms of social amenities, physical infrastructure and residential housing options nearby. At the moment, Hyderabad is witnessing a major realty boom and several premium projects are making the right noises including Parijatha Pride, Lansum Etania, Incor One City and Incor PBEL City.
Hyderabad real estate players sense opportunity in opening of Cantonment roads
