Kompally is becoming the new real estate hub of Hyderabad

Kompally which had faint sounds of vehicles plying the Nagpur National Highway and muted sirens from the small scale industries, is now reverberating with construction activity.

Kompally, located strategically at a distance of six kilometres from Bowenpally, eight kilometres from Balanagar and 11 kilometres from Paradise circle, Kompally is well connected by means of road transportation. Unlike, the routine traffic jams of the city, the 100-feet wide National Highway and wide enough roads connecting Jeedimetla and Bowenpally, make travelling a pleasure here.

Replete with family dhabas and
entertainment theme parks like Runway 9, city dwellers over the years have been thronging for a leisurely bite and enjoy the drive, and with the launch of Cineplanet, a multiplex last year, the locality is now abuzz with activity almost 24/7, surely signs to spur the interest of developers launch their ventures here.

In a span of three years, real estate activity has taken over this village. If till few years back, people dealt in acres here, now it is in square yards which measure is also showing signs of fast turning scarce. While a square yard on the either sides of the Highway range between Rs.30,000 and Rs.40,000, it fluctuates around Rs.15,000 per sq. yard on the interior roads connecting Jeedimetla and Bowenpally, informs Santosh Kumar, a local land consultant.

Cashing on the real estate boom, real estate developers have come up with different plans to suit the customer needs. While builders like Anusha Developers, Agarwal Constructions commenced apartment blocks, others like Sree Vensai Projects Limited have gated communities on offer with double and triple bedroom flats. Those like Jayabheri Constructions and Ashoka Builders are even offering plots for construction of individual houses on the Jeedimetla Road.

While double bed room flats are constructed with an average built up area of about 1,250 sq ft, triple bedroom flats come with around 2,200 sq ft and the pricing per sq ft range from Rs.2,800 to Rs.3,000 depending upon the builder, project size and amenities offered.

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