After the IT boom the smaller suburbs around Hyderabad started gaining recognition and started developing. One such a quick developing locality is Tellapur. Located in Medak district, its proximity to the IT hub and business districts makes the area a good investment option. Though the area is still in its development stage now, many proposed projects such as the Techno City and integrated townships are sure to boost demand in the area. The proximity to IT companies is the primary reason for the development of this area.
Tellapur is about 16 km from Hitec City, 27 km from Punjagutta, 32 km from Secunderabad and 38 km from RGIA. Gopanpalli, Osman Nagar, Vidyut Nagar and Serilingampally are some of the localities near the area. The area is also close to the Outer Ring Road (ORR), which allows residents to enjoy great roads and have access to all parts of the city. The flyover that connects Lingampally to Nallagandla near Tellapur also reduces travel times and helps to avoid a railway crossing on the way. Tellapur is now being urbanized fast and its close proximity to the hubs of Information Technology such as Madhapur and Gachibowli has earned it an edge. Tellapur is also close to the Hyderabad Central University and the Bharat Heavy Electrics Ltd Township.
The demand for homes is coming from both end users and investors. End users are buying homes in Tellapur because it would be closer to work, reduced commute time and better quality of life. The social infrastructure in Tellapur is also being developed. There are schools, hospitals, restaurants and banks in the locality. Infrastructural facility being the biggest market drivers in such developing areas, the real estate analyst believe this will have a domino effect on the property prices un the future. With plots for sale in Hyderabad running short on inventory, that desire can be satisfied here in Tellapur. Developers offer luxurious independent homes for sale in Tellapur.
Real estate market is slowly regaining its confidence amongst people. After the political imbalance, the property rates in Hyderabad had seen a significant dip. Once all the dust has settled the market is now slowly starting gain momentum and this has caused delays in projects, increase in the number of unsold inventories and a lot of confusion amidst people who had already invested. There is always a word of caution spread in the market to be carefully while selecting the developers and the houses for sale they offer in Tellapur. In the recent past many of the manufacturing companies have moved out of Hyderabad quoting the unrest in the political situation as the reason. But Andhra Pradesh as a government is trying to bring back the manufacturing industry into Hyderabad back again and this may again bring in more job opportunities. With Hyderabad growing in all directions to accommodate the in flowing population. With huge demand for land for setting up industrial parks, the state government has begun concentrating on resuming unutilized land from industries. Investing in Tellapur will be a wise decision.
Lookoutprop 