This Locality in Hyderabad Topped the Property Sales Tally In 2023 in The South: Here Are the Details

The strong expansion of the IT sector has substantially increased the need for residential properties, driven by a growing cohort of professionals in search of housing near their workplaces.

Hyderabad today presents a varied array of residential choices, accommodating diverse budget ranges and meeting various buyer preferences. Homebuyers find themselves spoiled for choice, with the residential market in Hyderabad catering to every lifestyle, ranging from contemporary high-rise apartments to expansive villas and gated communities. The city’s housing sector is thriving, drawing an increasing number of homebuyers due to its strong appeal and promising prospects. Not surprisingly, the residential demand in Hyderabad experienced a remarkable 49% surge in 2023, as compared to the previous year.

Tellapur Emerges as The Top Choice

In 2023, the three key cities in the south, comprising Bengaluru, Hyderabad and Chennai altogether accounted for 27% share of the total residential sales in the country. Tellapur, in Hyderabad, emerged as the top choice amongst homebuyers, topping the property sales charts among the southern cities.

A range of attributes contribute to the appeal of Tellapur. Strategically situated in the western part of Hyderabad, the location boasts excellent connectivity to major IT hubs and business districts. The robust growth of the IT industry in the area has significantly heightened the demand for residential properties in this location with an increasing number of professionals seeking housing in the vicinity of their workplaces. Living in close proximity not only reduces commuting time and stress for these individuals but also provides opportunities for networking and socializing with like-minded peers. Consequently, this cultivates a sense of community and mutual support among residents.

Infrastructure Development the Leading Factor

Tellapur's real estate success is intertwined with its substantial infrastructure development. Well-maintained roads and highways provide seamless travel, making it an ideal location for professionals seeking convenience in their daily commute. The neighbourhood also boasts accessibility to a number of world-class educational institutions, healthcare facilities, and entertainment hubs. This holistic approach to development has transformed Tellapur into a self-sufficient ecosystem, attracting homebuyers looking for a well-rounded living experience.

Developers, too, have been led to actively launch their residential projects in the locality, given the various favorable factors. Nearly 10,025 housing units were launched in Tellapur in 2023.

Residential Diversity

The suburb offers diverse residential options, catering to various preferences and budgets. From luxurious villas to modern apartments, Tellapur provides a plethora of choices for homebuyers. The meticulously planned layouts, green spaces, and amenities contribute to an enhanced living experience.

Presently, residential properties in Hyderabad West micro-market are quoted in the range of INR 7,500/sqft to INR 9,500/sqft.

Green Spaces and Quality of Life

A standout feature in Tellapur is the abundance of green spaces. The suburb prioritizes environmental sustainability, offering residents a chance to escape the urban hustle and bustle. Parks, landscaped gardens, and open spaces contribute to a high quality of life, making Tellapur an appealing choice for those seeking a harmonious blend of urban living and tranquillity.

Future Outlook

Tellapur's ascent to the forefront of real estate in Southern India underscores its well-rounded attributes and strategic advantages. The suburb stands as a testament to balanced development, high-quality living, and robust connectivity. With ongoing infrastructure developments, increasing commercial activities, and a commitment to sustainable living, Tellapur is poised for continued growth. The micro-market has experienced noteworthy capital appreciation since 2019, and the outlook for the future appears promising. As more homebuyers recognize the potential and appeal of Tellapur, the residential market in the region would thrive and continue on an upward trajectory.

 

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