Tag Archives: Hyderabad’s real estate

Hyderabad’s growing need for 3-BHK Houses

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Bigger homes, especially 3BHK units, are in high demand in Hyderabad due to changing lifestyles, financial concerns, and investment strategies. In keeping with this trend, IRA Realty has 3-BHK units at Rs 99.28 lakh available at an IRA Miracle in Kollur. Propertywala explains how IRA Realty meets the changing needs of Hyderabadi homebuyers. 

Hyderabad’s biopharmaceutical, IT, and Special Economic Zones (SEZ) sectors are well-known, and the city’s pearl trading and processing industry is growing. The real estate market in Hyderabad is also booming. The city remains one of the top locations for real estate investments, drawing clients from domestic and foreign markets. But in the post-COVID era, buyer’s preferences for homes have evolved. Buyers are now willing to upgrade from the formerly 2 BHK to larger units that accommodate their hybrid work models. 

The declining interest rates on home loans are another factor supporting this trend in investing. To meet the changing needs of contemporary consumers, IRA Realty is building IRA Miracle, a 3BHK housing community in Kollur, Hyderabad. Let us examine the factors causing Hyderabad to see a rise in the demand for larger spaces alongside the options currently available to potential homeowners.  

Why are Hyderabadi people starting to prefer 3 BHKs? 

A large living area is required. 

Particularly in the aftermath of the pandemic, the need for additional living space has become apparent. The emergence of hybrid work models has led to a rise in demand for apartments that provide warm living, flexible workspaces, and a separate home office. 3-BHK configurations were, hence, the best option. Aside from that, the fact that both adults and children value privacy has led to the need for more rooms. Because of this, IRA Miracle by IRA Realty sticks out from other projects. 

In the up-and-coming Kollur neighborhood, close to the Outer Ring Road, IRA Miracle provides luxurious 3-BHK apartments with contemporary amenities that meet modern living standards. These Vastu-complaint apartments are priced between Rs 99.28 lakh and Rs 1.35 crore and have sizes ranging from 1,655 sq ft to 2,455 sq ft. Every housing unit at IRA Miracle has an independent wall, giving each family a peaceful and private area. It is one of the community’s most noteworthy features.  

Enhanced accessibility 

There has been a noticeable change in the preferences of urban residents when it comes to purchasing homes, as disposable income has been steadily rising. A greater variety of prospective homeowners can now afford the 3-BHK apartments. Lower rates on home loans and the construction of larger projects in the outlying areas that provide more open spaces and improved lifestyle amenities are the primary causes of the fad. Due to their desire to work from home and benefit from the modern amenities and greener surroundings, homebuyers are also willing to invest in such projects. 

One such project, IRA Miracle, aims to cater to the expectations of contemporary homebuyers by providing fully developed landscaped gardens, greener surrounds, and modern amenities, like a library, spa, and pool table, among others, to break up the monotony after a long day at work. 

Regarding facilities, IRA Mriacle offers a lavish multilevel clubhouse spanning 20,500 square feet with premium features to provide an upscale living experience. IRA Miracle is a project currently under construction with a completion date of December 2024. Its RERA number is P01100002811. 

A higher return 

Choosing the right kind of property is essential for maximizing returns on real estate investments, which are considered long-term strategies. In the real estate market, larger units—like 3BHK houses—generally have a higher resale value. The property’s versatility makes it appealing to a broader range of buyers. 

3-BHK homes have a high resale value, showing their enduring appeal and financial benefits. These apartments stay relevant and appealing as families expand and lifestyles change, guaranteeing a steady demand in the real estate market. 

Possibilities for rentals

Hyderabad’s expanding industries, particularly in the IT/ ITeS sector, are driving up demand for rental housing. Professionals and students searching for a comfortable and spacious rental property often choose 3-BHK apartments because they can accommodate multiple inmates, lowering the monthly cost per person. Therefore, homeowners can investigate renting out all or part of their 3-BHK apartments to generate rental income.  

Because tenants prefer buildings with better amenities and less maintenance, newer developments—like IRA Miracle, which will be ready for occupancy by the end of the year—are also much easier to lease out than older ones. 

Long-term financial commitment 

These larger apartments provide adaptability that meets homeowners’ changing needs, whether they want to upgrade their lifestyle or prepare for a growing family. Larger units also raise one’s status and are seen as an asset. 

In conclusion, the changing tastes of contemporary homebuyers have shaped the rising demand for 3-BHK homes in Hyderabad. These bigger apartments provide an all-encompassing answer, meeting demands for roomy living areas and the possibility of higher profits and rental income.   

All the information a prospective homeowner needs to know about Isnapur, Hyderabad

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Building extensions to the farthest locations has made Isnapur one of Hyderabad’s many new residential hubs. Isnapur, a short drive from Patancheru’s business district, is a well-known investment destination with easy access via NH-65, a tranquil atmosphere, and housing developments from renowned builders like Ramky Group. 

Isnapur, a developing neighborhood in North Hyderabad, is beside Cheruvu Lake and offers easy access to the city’s other regions via NH-65 and the Outer Ring Road. The region’s affordability and proximity to the Patancheru Industrial Hub– about 10 km away–contribute to its appeal. As a result of these factors, more and more housing projects, including Ramky Nextown by the well-known Ramky Group, have been established in Isnapur. 

Purchasing real estate in a place like Isnapur could be profitable because land prices have risen by about 80%. However, where should I invest in Isnapur, and what is the state of the local infrastructure like? Let’s find out!

Reasons to Invest in Hyderabad’s Isnappur 

The following is a thorough summary of the elements that draw investors to Inapur: 

The existence of well-known developers 

On the outskirts of North Hyderabad lies a residential neighborhood called Isnapur, which is rapidly developing. The Nehru Outer Ring Road, which connects the area to various parts of Isnapur, is located within four kilometers of the city, even though NH-65 passes through it. The many residential hubs that encircle Isnapur contribute to its vibrancy. Pahamylaram, Pocharam, Citizens Colony, and Lakdaram are a few of the surrounding locations. Ramky Estates and Farms Hyderabad has introduced Ramky Nextown, a new housing project in the area, in light of Isnapur’s strategic location. 

Expected to be finished by December 2026, Ramky Nextown is a gated community spanning 7.78 acres (4.8 acres in Phase 1). Starting at Rs 55 lakh, the project offers roomy 2 BHK residential apartments with large balconies. Each Ramky Nextown unit has a super built-up area of approximately 1000-1010 square feet. Three towers with ten stories each and 550 units total will be part of the project when it concludes. Ramky Nextown’s RERA number is P01100007370. 

Prospective homeowners in Ramky Nextown can take advantage of over twenty amenities, including a car wash area, swimming pool, football field, salon, spa, and child care center. Ramky Nextown also provides its residents with the benefits of modern amenities and a natural setting, as 70% of the space. 

Location strategy 

Inapur is a residential area with good transportation links. Therefore, purchasing real estate here would enable hassle-free access to Hyderabad’s most well-known locations. Major transit hubs close to Ramky Nextown include: 

  • NH-65 is about 400 meters away, and Nehru Outer Ring Road is about 4 kilometers away. 
  • By NH-65, Patancheru and Nagalapalli railway stations are roughly 7 to 12 km apart. 
  • The Nehru Outer Ring Road takes approximately one hour to reach Rajiv Gandhi International Airport.  

Proximity to work areas 

In addition to saving money and time on commutes, owning a home close to one’s place of work also opens up future rental opportunities. Ramky Nextown’s project site, Isnapur, is one such location with numerous nearby commercial establishments. A selection of them is enumerated as follows: 

  • Isnapur is roughly 6-10 km from Patancheru Industrial Area and Pashamyalaram Industrial Park. 
  • Easily accessible via Nehru Outer Ring Road are the well-known IT hubs of Gachibowli (27 km) and Financial District (25 km). 
  • There is roughly a 15-kilometer divide in BHEL Township. 

A well-liked vacation spot 

Pashamylaram Lake is one of Isnapur’s other noteworthy features. Isnapur is a popular tourist destination because of its lush, abundant vegetation and the picturesque Pashamylaram Lake, about three kilometers away. Pashamylaram Lake, well-known for its serene atmosphere and breathtaking scenery, welcomes plenty of tourists. It remains a popular destination for those seeking peace and tranquility. Many residents from the neighborhood visit this place to spend time together and go for walks in the morning and evening. Many people visit the nearby natural sanctuary of Cheruvu Lake.

The possibility of investment

Isnapur’s closeness to industrial areas and IT hubs, along with its easy access via NH-65 and the Outer Ring Road (ORR), are the main reasons for the spike in demand for real estate in the area. Tenants and home buyers alike now find the area a desirable place to live. According to PropertyWala, the average cost of real estate in Isnapur, Hyderabad, is about Rs 3,000 per square foot, following an astounding 80% increase in land prices over the previous five years. The average monthly rent for a two-bedroom apartment in Isnapur is between Rs 12,000 and 16,000, making it the most sought-after rental option. 

One key benefit of Iasnapur is its affordability, which offers investors a good chance to profit from future price growth, particularly in light of impending infrastructure projects. The following infrastructure initiatives are a few that should benefit Isnapur: 

  • The planned four-kilometer road would reduce traffic close to Isnapur and link Pashamyalaram Industrial Hub to the Outer Ring Road. 
  • The NH-65 connects Isnapur directly to Sangareddy, where the four-lane Hyderabad Regional Road would pass. 
  • Another significant project that may change the game is the Hyderabad-Bengaluru High-Speed Rail Corridor. According to the plans, there would be stations for the rail corridor at Yelahanka in Bangalore and Secunderabad in Hyderabad. Isnapur is approximately an hour’s drive from Secunderabad. 

Residents’ opinions 

According  to a tenant in the area, “Isnapur is a growing residential hub close to the well-known Patancheru Industrial Area and has excellent public transportation connections to other parts of the city.” One of the advantages of residing in Isnapur over other areas of Hyderabad is the affordability of housing options. Several gated communities and apartment complexes with contemporary amenities and facilities have emerged in the area due to the recent rapid growth in residential development. It is a handy place for families with kids because of its numerous educational facilities such as colleges and schools. Furthermore, hospitals, restaurants, and retail centers are all close by.”