Kokapet is the new realty hub of Hyderabad

Kokapet is now being touted as the city’s most attractive real estate location. It is situated in the epicentre of prestigious IT corridor and is also strategically located between Gachibowli and the Greater Hyderabad zone. The realty sector in the city is still vibrant despite the shake-up of economy and many national players are zeroing in on Kokapet. Also, real estate has become the best investment option with the stock market acting erratically and the global economy going for a spin. Dozens of residential and commercial projects are under various stages of construction in Kokapet.

It is virtually raining SEZs in the area and big names such as Google, PCS, Cognizant, Tech Mahindra, Cbay, Qualcomm, Sonata, DQ and others have already pitched camp. In the vicinity is Gachibowli and Madhapur where over 200 major corporates are together employing more than 5,00,000 persons. All these factors have spurred construction in Kokapet, which can provide living space to many of these people. The Outer Ring Road is 1.5 km from Kokapet and the metro is around 10 km away. The Shamshabad International Airport is also close enough at 17 km and the Secunderabad Railway station is only 30 km away.

There are many good schools and colleges in the region and the Hyderabad University is 8 km away. For entertainment, one can go to Treasure Island (3 km), Ocean Park (2 km ) and the Golconda Resort. Malls and hospitals are also close by. “Kokapet has already been giving rich dividends to investors who came in early,” said Mr Somayajulu, a property analyst. “Investments of Rs 1 lakh have yielded 1,000 per cent returns in a year. But the boom is just about to start.” Land, which was valued at Rs 10,000 per square yard in Kokapet two years ago is now selling at Rs 22,000.

Prominent residential projects coming up near Kokapet include Lanco Hills, Aparna Sarovar, Aparna Cyber Commune, Ramky Towers, NCC Urban, Meenakshi Trident Towers, Jain Carlton Creek, Manjeera Diamond Towers, SMR Symphony and Emmaar Boulders Hills. Mantri Developers and Ramky are developing commercial projects, and Ashoka Builders and Meenakshi Infrastructure are developing IT Parks. IT SEZs are being planned by Matyas Properties as also Lanco and Emmaar while Dynamic Constructions, Salarpuria Properties and Jayabheri Properties are developing IT Parks. “Kokapet has emerged as one of the focal points of the area,” said Mr Srinivas, facility manager of Qualcomm India Pvt. Ltd, a leading CDMA technology company. “The demand for residential property will grow further since the staff strength of companies is expected to increase further within five years.”.........