What could have once sounded like outskirts are now the chosen spots of city’s billionaires. With Banjara Hills and Jubilee Hills losing sheen in recent years, the HNIs and NRIs have set their eyes on low-density localities.
The realty hotspots in Hyderabad are Mokila, Patancheru and southwest corridor near RGIA. The super-prime arc is Kokapet-Gachibowli-Financial District. South Hyderabad has seen a 74% increase in realty prices since 2021. Infra push in terms of ORR-RRR, metro and airport links has further made these areas a favorite with the cash-flush class.
A transition from prime to super-prime locality means project exclusivity and superior amenity provision. The focus is no more on money but exclusivity. This will be possible in the aforementioned super-prime arc which will see ultra-luxury development and capital appreciation. The new super-prime arc is along the western corridor.
Kokapet, Gachibowli, Financial District, Nanakramguda, Neopolis, Narsingi-Khajaguda already have premium apartment communities and high land prices in keeping with the desire for exclusivity.
Incidentally, central pockets like Kukatpally and Secretariat-Necklace Road are also having branded communities according to media reports. Realty and property consultant ANAROCK says flipping the super-luxury skyline to the periphery in Hyderabad is due to robust physical infrastructure.
The super-prime wave is being driven by large-scale government and private infrastructure projects. The Regional Ring Road (RRR) and its radials are seeing the emergence of new growth corridors.
IT and aerospace cities in the south and west of the city are elevating the surrounding neighborhoods and transforming them into most anticipated ultra-luxury hotspots. IT and tech corridors around RGIA and Metro Phase II expansion are likely to sustain luxury housing demand along Hyderabad’s southwest corridor and retain Kokapet as a super-prime location for the coming three to five years, say realty experts.
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