The real estate market in Hyderabad, over the last few years, has witnessed a steady surge in demand for both residential and commercial properties. According to various studies by leading real estate agencies and property consultancy firms, the Deccan metropolis is speedily gaining prominence as a hot real estate destination.
Though real estate prices in the central business district of Hyderabad has already skyrocketed, there are some emerging property markets in the outskirts of the city that are emerging as excellent investment opportunities. Bhanur is one such locality near West Hyderabad.
Location and Connectivity
Bhanur, situated close to Hyderabadâ€™s Outer Ring Road (ORR), is well-connected to some of the most popular areas of Hyderabad like Shankarpalli, Gopanpally, Nallagandla, Tellapur, Patancheru, and Mokila. Shankarpalli, about 7 km from Bhanur, houses several schools, banks, markets, hospitals, and other infrastructure facilities. The location is also easily accessible from the industrial and IT hubs, located in Gachibowli and Madhapur, and takes about 30 minutes from Wipro circle.
Upcoming infrastructure developments, including the proposed 338-kilometre-long Regional Ring Road, will further improve the connectivity of Bhanur with main districts of Hyderabad, which is expected to heighten real estate investments in this emerging locale.
Educational Institutes in Bhanur
Bhanur already has a number of educational institutions in its vicinity, while many more are coming up rapidly. Some of the prominent educational institutions that are located close to Bhanur are â€“ Global Indian International School, Narayana Co School, DAV BDL Public School, Primary School Kondakal, Indus International School, SIP Shankarpalli, Primary School Sheriguda, and Narayana Olympiad Cos near Nandigama Bus Station on Shankarpalli Road.
Hospitals in Bhanur
There are some top-class medical facilities, which can be conveniently accessed from Bhanur. Some of the well-known names are â€“ BDL Hospital, Primary Health Centre in Patancheru, and the centrally-located Sri Sai Sushritha Ayurvedic Hospital near Bhanur Junction.
The Current State of Real Estate in Bhanur
Fast-paced infrastructure developments are boosting the strategic significance of Bhanur from a real estate perspective. The Hyderabadi suburb, with the arrival of new schools, hospitals, and other public utility facilities, is witnessing a phenomenal growth in new project launches, attracting property investments from both consumers, as well as real estate investors.
Since localities near Bhanur, Gachibowli, and Madhapur, are already well-established property markets and expensive in terms of prices, it is attracting the attention of first-time buyers and investors looking to benefit from an early investment to earn healthy returns.
Currently, properties approved by the Hyderabad Metropolitan Development Authority (HMDA) are available in Bhanur inÂ the built-up areas ranging from 1,000 sq ft to 10,000 sq ft. As 1 BHK, 2 BHK, 3 BHK, 4 BHK and 5 BHK residential units, these homes are being offered at prices starting from Rs. 3,500 per sq ft on the lower end of the scale, to nearly Rs. 4,800 per sq ft on the higher side. Not just ready-to-move homes, HMDA approved lands are also an attractive option for budget buyers. Plots of land are available at Rs 13,000 – 35,000 per square yard.
There are also options for buying row houses or villas priced between Rs 50 lakhs and 5 crore depending on size and amenities.
With the commercial development in and around Shankarpalli picking up the pace, Bhanur is becoming a preferred destination for discerning buyers and investors. For those interested to grab a slice of Hyderabadâ€™s real estate market â€” one of the countryâ€™s fastest growing property hubs â€” in the most affordable way possible, investing in Bhanur is a great option.