Uppal along with Ramanthapur and Habsiguda comprises the Municipality of Uppal which is located in the Ranga Reddy District of the State of Telangana. Located to the East of Hyderabad City in the vicinity of the National Highways 163 and 202, it falls under the Greater Hyderabad Municipal Corporation (GHMC).
Uppal, according to real estate sources, is slated to be the next IT hub of Hyderabad and is showing good signs of rapid development. As a result, one becomes optimistic on the real estate front and this is reflected in the many building projects, both commercial and residential, that are ongoing in this area.
Any area that develops does so because of many factors: locational attractiveness, connectivity, the presence of good educational and health care facilities, shopping and entertainment facilities and employment opportunities. Uppal has them all.
Property prices in Uppal are still lower than the rates in Hi-Tech City or Gachibowli. It is almost on par with Tarnaka which is 6 km away. The price per sq ft in the upper range in Uppal was Rs 3700, Rs 3000 in the mid-range and Rs 2300 in the lower range, in the second quarter this year. Both the mid-range and lower range properties have shown a marginal increase over the first quarter. Builder floor rates are approximately 8 – 10% lower than regular apartments. The rental rates have remained steady from the last quarter in 2015 at Rs 8 for the high-end properties and Rs 6 and Rs 5 for the mid-range and lower range.
Connectivity & Transport
Its proximity to the Hyderabad City is its greatest lure. Uppal is only 13 km from the Hyderabad Nampally Railway Station and 9 km from the Secunderabad Railway Station. The Shamsabad International Airport is just 34 km. The Kushaiguda Bus Depot in Moula Ali is around 9 km from Uppal. Good local road transport in terms of the Telangana State Road Transport Corporation (TSRTC) and private bus operators operating inter-city routes besides autos and private taxis are available here. The Metro Rail is also a convenient way to travel to the City. Uppal has easy access to areas like Tarnaka, a major residential and IT suburb (6km) and Pocharam (13 km), which has the second largest Infosys campus besides the Raheja IT campus.
Uppal has some good hospitals like Spark, Krishna Multi-specialty and Kakatiya; besides, it also has access to quality hospitals in Tarnaka, which is just 6 km away.
Educational facilities are good here with many schools and colleges in the area. Johnson Grammar, Delhi Public School, Sri Aurobindo International School and the Hyderabad Public School are some of the well known schools in and around Uppal. The famous Osmania University is situated in Tarnaka. The Indian Institute of Chemical Technology is located on Uppal Road in Tarnaka. The National Institute of Nutrition, The Centre for Cellular and Molecular Biology and The English and Foreign Languages University are all situated in the Uppal–Tarnaka belt.
Shopping & Entertainment
Most of the big names in shopping and entertainment are located in Tarnaka but it will eventually catch up in Uppal too. Big names like Decathlon, Reliance Trends, and DMart are present in Tarnaka. The Malls have multiplexes and also eateries that dish out a variety of cuisine. Metro Retail, Prasad’s Multiplex, DQ Entertainment and SalarJung Museum are all in a radius of 15-20 km from Uppal. The Rajiv Gandhi International Cricket Stadium is only 3.5 km away.
Genpact, a global leader in digitally-powered business process management and services is based in Habsiguda which is 5 km from Uppal. Infosys has its second largest campus in Uppal. Software companies like Inc, Cyient Ltd., Suneratech and Sunofi India Ltd., a pharma company and NSL SEZ Arena, a business centre, all operate out of Uppal.
Uppal has its share of quality builders with many of them having ongoing projects in various stages of completion. Apartments ranging from INR 28 lakhs to over 2 crores are on offer in 2, 3 and 4 bedroom types, besides villas.
If you are looking to invest in a property either for your own use or for rental purposes, it is a good time to invest here. Uppal may not have all the facilities of a fully developed suburb now but it will get there eventually and by then the price would have gone up much higher. Be smart and look at the future prospects; at the same time be cautious in your investment. Check out the fine prints in documentation. Ensure the property has all the requisite permissions and meets all government norms.
Stanley Varghese for IndiaProperty.com