Kompally is located in the northern part of Hyderabad. It is considered to be one of the most affordable micro markets in this city. It is located on National Highway 7 and is hence well connected to most parts of Hyderabad. Some of the important localities which lie in close proximity to this micro market are Medchal, Shamirpet, Keesara Bolarum, Old Bowenpally, Jeedimetla and Alwal.
This micro market has risen in the real estate ranks over the years. Kompally existed as a small village. It has transformed into a real estate hub which provides good affordable housing options for property seekers. The area is well connected to many parts of the city including the IT belt around Hi Tech City and Gachibowli through the Outer Ring Road. The Rajiv Gandhi International Airport which is located in Shamshabad is at a distance of 49 km from this micro market through the ORR.
From the time period beginning for the second quarter of 2013 to the first quarter of 2014 prices for apartments in Kompally have seen mixed fortunes. In the second quarter of 2013 the going rate for flats in this micro market stood at INR 2700 per square feet on average. This was an increase of 17 percent when compared to the first quarter of 2013. In the next quarter the asking price for apartments in Kompally dropped by 4 percent and stood at INR 2500 per square feet on average. In the last quarter of 2014 the going rate dropped by another 3 percent and stood at INR 2450 per square feet on average. In the first quarter of 2014 flats in this locality were being sold at INR 2650 per square feet on average. This was an increase of about 8 percent in prices when compared to the previous quarter.
From the time period beginning for the second quarter of 2013 to the first quarter of 2014 prices for apartments in Kompally have seen mixed fortunes. In the second quarter of 2013 the going rate for flats in this micro market stood at INR 2700 per square feet on average. This was an increase of 17 percent when compared to the first quarter of 2013. In the next quarter the asking price for apartments in Kompally dropped by 4 percent and stood at INR 2500 per square feet on average. In the last quarter of 2014 the going rate dropped by another 3 percent and stood at INR 2450 per square feet on average. In the first quarter of 2014 flats in this locality were being sold at INR 2650 per square feet on average. This was an increase of about 8 percent in prices when compared to the previous quarter.
Properties in Kompally such as villas and independent homes have seen a drop in prices over the first three quarters in the time period being analysed here. In the second quarter of 2013 the going rate for villas in this micro market stood at INR 4300 per square feet on average. This was a drop of 1 percent when compared to the first quarter of 2013. In the next quarter the asking price for villas here dropped by 4 percent and stood at INR 4100 per square feet on average. In the last quarter of 2014 the going rate dropped by another 1 percent and stood at INR 4050 per square feet on average. In the first quarter of 2014 properties in Kompally like independent homes in this were being sold at INR 4800 per square feet on average. This was an increase of about 16 percent in prices when compared to the previous quarter.
Going by the price trends for the various property types located here, it is easy to see why this area is considered to be a haven for property buyers who have budget constraints. This market is displaying signs of growth and is worth looking into.
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