Shankarpally sees sharp increase in real estate demand
Hyderabad: The demand for plotted developments and villas has increased in the western parts of Hyderabad after the pandemic. The increase has been particularly noticed in future urban areas such as Shankarpally where infrastructure development has followed an upward trend.
Shankarpally, which shares proximity with other peripheral developed regions such as Kokapet, Gachibowli and other financial districts, is emerging as a residential center. In addition to the presence of business districts, offices of multinational companies operate in these localities.
Robust physical and social infrastructure in the form of educational institutions, entertainment centers and shopping areas have also boosted the prospects for this region. The Shankarpally corridor is considered the city’s “green zone” and ranks first in the habitability index due to its low noise pollution and good air quality index (AQI), because its adjacent markets have development restrictions on real estate development due to GO – 111 and conservation zoning.
The demand for residences comes mainly from residents and young professionals who have settled in this growing city and who are looking for a large living space in the post-pandemic environment.
Veera Babu, Managing Director of Cushman & Wakefield – Hyderabad, in a recently released report on emerging locations in Hyderabad, said: “Affordability, connectivity and proximity to economic corridors are key factors influencing Mokila’s growth. – Shankarpally Strip.