Much of Hyderabad’s real estate news focuses on the Western corridor. Kokapet, Narsingi and Gachibowli are familiar names to anyone following real estate development in the city. The Western corridor is driving the realty market in Hyderabad at present – that is a fact. The area has witnessed the successful launch of multiple projects by high-end builders in Hyderabad like Modi Builders, Prestige Group and Ajay Infrastructures. That being said, it would be unfair to let the contribution of other areas go unrecognized.
Initially a small nondescript village on Hyderabad’s northern limits, Kompally is a major infrastructure center and one of the fastest growing residential hubs in Hyderabad today. It all started with brands like Pantaloons, Max and Big Bazaar moving in, leading to its transformation into a commercial hub. The government’s Growth in Dispersion (GRID) policy coincided with this transformation, boosting realty development in the area. The sole purpose of GRID was the equal distribution of industry around Hyderabad, in particular, away from the Western corridor where much of the IT sector was located.
It was not long before residential realty overtook commercial real estate, becoming a favourite destination for budget properties in the city. The setting up of an IT Park nearby acted as a key stimulus in attracting investment in residential projects. The prevalence of affordable housing in the area has attracted many professionals engaged in the IT industry.
One of the most prominent affordable luxury residential projects in Hyderabad can be found in Kompally. Sterling Heights by Modi Builders is the perfect amalgamation of luxury and affordability. Designed to accommodate spacious, ready-to-move units, the project is the perfect home for both working professionals and families.
Situated in the affable neighbourhood of Kompally, Sterling Heights is the epitome of affordable luxury. It is spread out over six acres with 648 units showcasing the best amenities available. Facilities like swimming pools, a business lounge, conference room, indoor sports areas and even a theatre are present. The rooms are all 3BHK types and the layouts customizable. Additionally, every unit is HMDA and vaasthu compliant as well.
A Bright Future
As far as the realty market goes, Kompally has great potential. The development of the Outer Ring Road (ORR) or the Nehru Outer Ring Road has overseen the rise of this quaint village. Professionals employed in the Western corridor are investing in the Northern corridor. This is in part due to the ORR which eased road connectivity.
Premium developers and builders in Hyderabad like Modi Builders, Sahiti Group and Aparna Constructions, among others, have already announced future investments in the area. Sahiti Group announced its intention to set up deluxe projects, while Aparna Constructions will invest Rs. 450 crores in its latest venture, Aparna Kanopy Yellow Bells.
The emerging IT scene and industrial belts around Kompally are major economic drivers. Kompally’s growth is centered around these two key factors. However, with the passage of time, one can expect the area to become a self-sustaining commercial and residential hub that plays a major role in Hyderabad’s realty story.