When 32-years old IT professional Manish Sharma, working in Hitec City decided to buy a house, his main criteria was to find an abode for himself within Rs 40 lakh near his work place. West Hyderabad suited him but he was unaware of the localities. He was unsure of his budget too. Manish wanted a good deal and a colleague recommended him to visit. The Great Online Home Festival (GOHF) is driven jointly by Magicbricks, GroupM and Google offering discounted deals on properties.
This online event also includes home decoration and homecare brands in one online platform. The ten day long online event will kick start from 18th-27th July, 2015.
Available options in West Hyderabad
Various developers have projects in Narsingi, Hafeezpet, Nallagandla, Miyapur and Gachibowli, Kondapur and Hitec City Road. All these localities are within 5 -13 km distance from each other. Projects located here offer many property types along with offers that can lure and save you huge amount of money.
One can find 2, 3 4BHK units with and without servant room options starting from Rs 25 lakh – Rs 2 crore. Those looking for luxury and villas, can also bag a deal on GOHF. Villas with 4BHK units are available in the range of Rs 2 -3 crore and above.
There are various offers available on these properties. These include - booking at the minimal amount of Rs 5,000, high cash discounts of close Rs 9 lakh on the total amount the property, furniture worth Rs 15 lakh for the first 5 booking, free car parking worth Rs 1 lakh, and free modular kitchen. Other schemes such as 10 per cent down payment and zero pre EMI options are also being offered by some renewed developers having projects in the localities mentioned.
Why invest in West Hyderabad?
Proximity to workplace is a major reason that attracts buyers to the locality. “The area has the presence of several IT companies that opens up job opportunities for professionals. Thus, this part of the city witnessed migration of working population from across India for jobs,” says Satish Kumar of Sahiti Constructions
The presence of the IT industry has ensured robust residential demand in West Hyderabad, thereby providing good investments options even for the future. “This pushes developers to construct projects here,” adds Kumar.
Who prefers to buy here?
“This region is a preferred place of investment for people who have shifted to the city for jobs. Local people usually prefer to buy properties close to city centre,” says Girish Chandra, senior manager of Sankalp Infra Projects Pvt Ltd.
Narsingi, Hafeezpet, Nallagandla, Miyapur and Gachibowli, Kondapur and Hitec City Road are some of the areas which are developed in terms of social and physical infrastructure. Several schools, hospitals, banks, restaurants, malls, etc. are present in these areas.
Easy and smooth connectivity through Outer Ring Road (ORR) and National Highway is the major positive of the above mentioned localities. Multi-Modal Transport System (MMTS) railway stations and APSRTC bus services help in commuting. The Metro is also coming up in this region connecting these localities to different parts of Hyderabad. The ongoing construction of metro has played a major role in the rise of property prices in these localities.
Great Online Home Festival (GOHF) is conceptualised by Magicbricks, Google and GroupM showcasing some of the best housing deals and offers for the first time online. For more information on GOHF, click here.
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