Find villas in Hyderabad within Rs 40 lakh
Are you looking to buy independent houses and villas in Hyderabad in the budget of Rs 40 lakh? Localities, such as Uppal and Boduppal, Shamshabad, Chanda Nagar and Bowrampet are a few locations that offer maximum options.
Are you looking to buy residential houses and villas in Hyderabad but all you’ve got is Rs 40 lakh? Well, the city of Nizams wouldn’t disappoint you as it offers ample opportunities to middle-income homebuyers to fulfill their dream. Localities such as Uppal and Boduppal in the East, Shamshabad in the South and Chanda Nagar and Bowrampet in the West are a few locations that offer maximum options of independent houses and villas within Rs 40 lakh.
Uppal and Boduppal in the East
As per the data with Magicbricks.com, almost 60-80 per cent of supply in Uppal and Boduppal belongs to the budget category of up to Rs 40 lakh. Further, nearly 20 per cent supply in these locations is for independent houses and villas. With ample options available, one can choose from either of the locations, which fall at a distance of 10 km from Pocharam, the commercial and IT hub of Secunderabad. In terms of property values, Uppal comes at a comparatively higher price than Boduppal. Property values in Boduppal range from anywhere between Rs 1,700-2,000 per sq ft, whereas in Uppal, the properties are available for almost Rs 2,200-2,600 per sq ft.
Shamshabad in the South
Developing on the back of its proximity to the IT hub, Gachibowli, and presence of International Airport, Shamshabad offers highly affordable property values and several plotted developments. Owing to this, owning a villa in Shamshabad comes much cost effectively and is considered as a sensible choice in real estate investment. S Ram Reddy, CMD, SMR Builders Private Limited (SMRBPL) says, “Having low values and being close to the IT hub, Shamshabad is one of the best places in Hyderabad for purchasing villas. It is expected to be a sought after end-user destination in future.” One can find villas of almost 1000-1500 sq ft areas within Rs 40 lakh.
Chanda Nagar and Bowrampet in the West
As per data with Magicbricks.com, Chanda Nagar alone offers almost 65 per cent of its properties within Rs 40 lakh. “It is advisable to purchase an independent house or villa in these locations because the land values are still low and there are several independent layouts available at affordable prices,” advises Reddy. With the presence of IT industry in the West, there is a high demand from the professionals working in Gachibowli and HITEC City for these units in these areas.
While the city is up for grabbing affordable luxurious houses and villas, should you actually consider these over multi-storey apartments which form a major chunk of supply across the city? M Nanda Kishore, ED, Ramky Estates & Farms Ltd says, “The choice over apartment or villa largely depends on the budget and the location preference of an individual. If the requirement is for self use and in the CBD of the city, an apartment is recommended, however, if it is on the suburbs, and if the budget permits, independent villa can be opted for.”