Y
Yash Malhotra
posted on 12 MayMy Gachibowli visit – Metro hype is real, prices too!
Checked out Gachibowli area last weekend. Fed up of renting, but Metro Phase 2 hype ne prices already bahut badha diye. Any affordable properties near ORR? Yaar, investment window close ho gayi kya?
#metro-impact#gachibowli#affordability#first-time-buyer#orr-connectivity
Comments
Dekho, affordability is subjective. If you're looking for something within 60-70L near ORR, you might need to compromise on size or amenities. My advice would be to look slightly further out, maybe towards Shamshabad side or even Alwal, if Gachibowli commute is not daily. What's your absolute max budget like?
My budget is similar, around 70L. I'm exploring pre-launch projects in areas like Mokila, but the risk of delay is high. It's a tough call. I'm still just renting, waiting for the right moment but
Alwal is good for connectivity to city side, not so much for IT corridor unless you use train. Bus connectivity is decent.
That's a good point about compromise. I've been struggling with this too. My budget is 75L max, and I need a 2BHK. I saw some decent options in Alwal, but the commute to Hitech City is a nightmare without the Metro. For Shamshabad, it's too far for me. So, it's a constant trade-off between location, budget, and future connectivity. What did you end up doing, if you don't mind sharing?
Exactly! The current market conditions in Hyderabad are crazy. RERA data shows property registrations are at an all-time high, especially in the Western corridor. Builders are taking advantage. I saw a 2BHK near Financial District for 90L last week, same flat was 70L six months back! Is this sustainable? Or is it a bubble waiting to burst?
I don't think it's a bubble in the traditional sense, more like a supply-demand mismatch coupled with infrastructure development. Yes, prices are high, but compared to Bangalore or Pune, Hyderabad still offers value. The real question is, are these prices justified by the actual rental yields or purely by speculative growth? I'm worried about overpaying and then not getting good returns later.
Bubble hi lag raha hai bhai. Correction aayega pakka. Patience rakho, prices gir sakte hain.
Market sustainable lag toh nahi raha. Builders are holding inventory, creating artificial demand. But then, Hyderabad is still growing, so maybe it's not a bubble, just a rapid appreciation phase. Who knows? It's a gamble either way.
Bhai, Metro hype sirf Gachibowli tak nahi hai. Even Attapur aur Ameerpet mein bhi prices shoot up kar gaye hain. Affordable properties near ORR dhundhna mushkil hai par not impossible. Have you checked out areas like Kollur or Tellapur? Thoda aur bahar mil jayega shayad. But then connectivity ka issue aayega, right?
I agree with the point about connectivity. Meri friend ne Tellapur mein khareeda tha thinking it's close, but daily travel is still 45-60 mins during peak hours. Metro will help, but that's still years away for those specific routes and won't solve the last-mile problem immediately.
Kollur mein abhi bhi options hain, but amenities abhi utni nahi hain. Schools, hospitals sab thoda door hai.
Yes, Kollur is decent but commute will be a pain for Gachibowli office goers. Tellapur is developing fast but still needs time for full infrastructure. Connectivity is definitely a big concern if you're working in the IT corridor and relying on public transport.
Yaar, I was looking near Gachibowli last year, tab bhi high the but ab toh next level ho gaya hai. Builder ne bola Phase 2 aayega toh 20% appreciation pakka. Lagta hai ab sirf ORR ke bahar hi option hai, warna budget hil jayega.
Totally agree! Gachibowli prices are insane now. Metro ka naam sunte hi rates badha diye hain. Ab toh lagta hai dream home sirf dream hi reh jayega.