Here are the Top reasons for selecting Hyderabad’s Kompally as a place to reside
Kompally Hyderabad – The locality has easy accessibility to Gachibowli. Hitech City. Kukatpally. Whitefield and other nearby areas through the Outer Ring Road (ORR).
Kompally is only one hour’s drive away from Hyderabad. This place offers apartments in the budget range of 31 Lacs to 42 lac.
Kompally is a developing residential hub. It is located 20 KM to the North of Hyderabad. 59 KM towards the East from the District headquarters. Being located on NH-7, Kompally connects Nagpur and Secunderabad. It has transformed itself from a small village on the outskirts of the city to residential hub. The area has total area of 1,078 hectares. And, it comes under the administration of Municipal Corporation (GHMC). It is surrounded by Mandal towards North. Mandal towards East, Mandal towards South and Keesara Mandal towards East.
Kompally is 13 KM away from Paradise, 8.5 KM away from Bowenpally and 12 KM from Mahindra Tech Park. By road it is well-linked to Quthbullapur which is just 5 KM away. ORR (Outer Ring Road) also passes through this region.
The APRTC buses plying in the city and connecting to all major destinations. Also to this, the local MMTS train station is located at 5 KM distance. Taxis and autos are alternate modes of transports available in the area.
Kompally has several reputed schools located in and around the city. Some of these include Unicent School. St Joseph’s Play School, St. Ann’s high school and DRS International School. Reputed colleges here are St. Martins Engineering College. Siva Sivani Institute of Management and Sri Chaitanya Degree College.
Shri Sigma Hospital, RR Multi Specialty Hospitals, Balaji Hospital, Konark Hospital. These are some of the prominent hospitals located in Kompally.
Banking institutions like Andhra Bank. Axis Bank, State Bank of India, State Bank of Hyderabad, HDFC. Canara Bank, Punjab National Bank and Bank of India have their branches in Kompally.
Affordable locality – Kompally
As per MagicBricks/99acres data, property prices in Kompally are in the lower price range. From Rs 3,173 per sq ft in January-March 2016. Property prices in Kompally in October stand at Rs 2,675 sq ft . This amounts has about 15 % decline in the property prices. This may sound tempting to end-users who have been figuring to buy a house near Hyderabad. If you have already selected a property. Then chances are that its price tag has moved towards the lower side.
What can you find here?
One can get flats, villas and plots in the area. 1 BHK flat in the size of 340-540 sq ft costs anywhere between 4.35 Lacs to 10.15 lac. 2 BHK flat of size 707 sq ft to 1533 sq ft costs 16.80 Lacs to Rs 39.20 lacs.
If you want a bigger house, 3 BHK flat sized 1040 sq ft to 1990 sq ft can be for around 26.61 Lacs to 62.09 Lacs. The price depends upon the location, size, specifications, amenities of the property.
Other than resale properties that include flats, villas and penthouses. One can also check out new projects coming up in the area. Most of them are offering either ready-to-move-in properties. And, that with the latest possession date being by the end of year 2017.
These are mostly luxury projects offering stylish villas. They range above a crore. They offer unique amenities. Such as club house and outdoor tennis court. Swimming pool, power backup, gymnasium, security and more.
Magicbricks/99acres data also states that rental yield in the area is about 4 percent. “It is a peaceful residential area. It provides basic needs such as grocery shops, hotel, hospitals, banks, and super-markets.” says B Srinivasa Reddy, resident of a locality.
“Because of the fact that one can get affordable properties in Kompally. This has made it a destination of choice for people working in Gachibowli and Hitec City. The end users are not justbuyers who want to live in the property but also investors. Investors from Hyderabad and Secunderabad eye rental yields on their property.” says K Muralidhara Charya, a property agent working in the locality.