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.