Affordability Driving Real Estate in Tellapur





Tellapur has soon developed from being a barren land to a hub for investors across Hyderabad thanks to its connectivity to Bombay Highway (NH9) and the Outer Ring Road. Tellapur's close proximity to IT areas like Kondapur, Madhapur and Gachibowli is giving a severe push to the realty sector here. After the announcement of the proposed integrated township at Tellapur Technocity, a number of multi-storey buildings have surfaced brining Tellapur on the residential market map.

Developers and builders are now buying properties in Tellapur to create homes for IT professionals living in areas like Gachibowli. Tellapur's road connectivity too is pulling in the major chunk of investment. While the financial district of Gachibowli is about 10 kms away, the BHEL Township is located five kilometers from Tellapur. The proposed radial road that will connect the Outer Ring Road is too boosting the real estate sector here. Although the airport in Shamshabad is about 37 kilometer away, you will reach the airport within 40 minutes thanks to the traffic-free road via the Outer Ring Road.

Affordability, connectivity and rapid land appreciation are some of the reasons that are pushing people to buy property in Tellapur. Targeting the BPO sector, there has been a spurt in apartments in Tellapur that offer flats at affordable price when compared to buying 2BHK or 3BHK properties in areas like Gachibowli. IT employees, NRI's and business professionals are now targeting Tellapur that is considered to be a safe investment option thanks to this locality being well-equipped with health care and commercial facilities. There area a number of schools and food joints in and around Tellapur thereby attracting the urban crowd.

The proposed integrated township that might take off in the near future is making Tellapur the perfect investment destination. The Hyderabad Metropolitan Development Authority has given the nod to establish the township in 100 acres instead of 400 acres that was proposed earlier. However the Municipal Administrative and Urban Developments is yet to approve it. On revenue sharing basis Tellapur Technocity Pvt Ltd proposed this township in association with Tishman Speyers, Nagarjuna Constructions Company} and ICICI along with HUDA (Hyderabad Urban Development Authority). The project that is slated to cost Rs 2, 000 crore is said to have a Special Economic Zone (SEZ) for IT companies. The township will also have array of residential opportunities like high-rise and low-rise apartments and row houses. Properties in Tellapur are now being bought by developer's like hot cakes thanks to this integrated township. Apartments in Tellapur can range anywhere between Rs 2, 600 per sq . ft. to Rs 4, 100 per sq . ft. So for all those who want to live in a locality that is pollution free and is sure to give you formidable returns, then investing in Tellapur would be a safe bet for you.
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