Shankarpally – The future Kukatpally?

Over the past few years, if there is one real estate micro market in India that has seen exponential amount of growth, it is Shankarpally in Hyderabad. For those who are reading this and are unfamiliar with Hyderabad’s geography and growth story, here is a small background

Hyderabad Growth Trajectory

Those who have grown up in the city of Nizams in the 1990s and 2000s will remember that after Marredpally, the next sought after residential localities were Banjara Hills and later, Jubilee Hills. Ever since then, the city’s most affluent have been investing in these areas and beyond.

The growth has been taking a natural course of moving in the Western direction. After the burgeoning of the IT corridor, there were several residential hubs that bloomed in the peripheral areas which were Kukatpally, Kondapur, Hafeezpet and Miyapur.

Shankarpally Growth

Now that the growth of the IT industry is moving to areas such as Financial District, Kokapet and Tellapur, real estate investors and home buyers have a great opportunity to cash in on the future growth. These are now the most sought after areas for investments and property purchase. However, due to massive demand, the prices in these areas have already skyrocketed. To make a value purchase in real estate, one must look at potential compounded future growth and the Kokapet – Shankarpally road, Shankarpally – Mominpet road and the Patancheru – Sangareddy road i.e the Mumbai highway are yet to see peak.

The reasons for the predicted growth of these areas are multifold:

• Announcement of infrastructure projects for increased connectivity such as the Regional Ring Road, Expansion of existing roads,
• Greater demand for holiday homes and second homes
• Restrictions on development in adjoining areas due to GO 111
• Focus on further development of IT Industry by the state government, by announcing IT Golden Triangle

So, considering all of the above, is Shankarpally going to be the Future Kukatpally? There is a high likelihood that this will become a reality. Every business hub always results in demand for housing in the surrounding areas. People always prefer to have the least possible commute to work and with the IT corridor shifting westward, the most ripe area for a new residential hub is Shankarpally.

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https://www.youtube.com/watch?v=yg-boLacnEA

Ridhira Zen, from the House of O2 spa is a wellness-themed resort living community. It’s a one-of-a-kind mixed use development that offers plots and villas inspired from the striking aesthetics of Bali. With open spaces and landscaping designed to enhance your everyday well-being, Ridhira Zen promises to be a once in a lifetime project. Investing in Ridhira Zen is a unique and exciting opportunity due to the following reasons

• Great location advantages. Only 15 min from both Shankarpally & Sangareddy
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• Only 20 min drive from Vikarabad which is going to become a massive hub for tourism
• Peaceful surroundings which take you into the Zen mode
• Attached branded resort which offers great amenities

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