Over the consecutive years, Alkapur Township near Manikonda, a locality in Hyderabad, has been procuring a lot of admiration. The area is been sharply observed with phenomenal recognition in settlements with regard to residential as well as commercial. Existing in such a locale that is surfacing very rapidly and has indicated an elevated rate of development over time. It has been evaluated under the top ten places that are exceedingly preferred regions in Hyderabad for purchasing real estate.

For an investor to look for localities that have a few major key points which are:

• Sound Infrastructure
• Good returns
• Connectivity
• Affordability
• New Projects

SOUND INFRASTRUCTURE

With a rapid pace of growth, Alkapur Township has seen a high rise of development as gigantic projects like Lanco hills, Chitrapuri colony, and Gowra Hallmark Green Living are very popular there. There are several schools, colleges, banks, hospitals, and supermarkets in the locality with proximity, along with prestigious schools such as Oakridge International School, DPS, Scholars, and many more and leading educational institutions such as the University of Hyderabad, Indian School of Business (ISB) and International Institute of Information Technology are a short distance away from Alkapur Township.

GOOD RETURNS

Anticipating the IT establishments in and around, the domain has accomplished effectively in the last year in deference to the rental returns. The rental worth for multi-story apartments in the locality has marked a minimum surge of 10-15 percent in the past six to nine months. The rents for 2BHK may range from Rs 12,000 to 25,000 a month, which is quite adequate. Observing the factors and the locality one should surely invest in a place like Alkapur Township. Also, the proposed ITIR Master Plan in Hyderabad, which will be integrated with the HMDA Master Plan, is plausible to bring more cataloged expansion to the outskirts of the city in the coming years.

CONNECTIVITY

In real estate, connectivity plays a vital operator in keeping the market bullish in any location, particularly in commendations to the fares and remits. Alkapur Township flaunts its accessibility to the airport, railway station, and main IT hubs of the city. The locality is about 3 km away from the outer ring road (ORR) that further gives a 25 km traffic-free drive to the airport and railway station. It is well-connected by TSRTC buses that run from Mehdipatnam. The closest MMTS Train station is at HITEC City.

AFFORDABILITY

Property prices in Alkapur Township are comparatively economical, uniquely in contrast to the proximate areas of Gachibowli and HITEC City. The property prices in the area appreciated by three percent in Oct-Dec 2020. Average prices increased to Rs 4,750 per sq ft in this period from Rs 4,300 in the Jul-Sep quarter. During the same period, an apartment in Gachibowli and HITEC City cost Rs 5200 per sq ft and Rs 6250 per sq ft, respectively. Affordability has enhanced Alkapur Township’s appeal for home buyers.

With fulfilling the major sources of concerns that one has, to buy property in a region, Alkapur Township near Manikonda is one of the most viable places to invest and generate a comfortable yet expansive livelihood.