Hot property Deals in Kokapet Area
Among the top cities in India, Hyderabad has been in the news lately for being the hottest destination for investment by top companies. Hyderabad city further cemented its position as being a real estate hotspot in the country during the recent e-auction arranged by the Hyderabad Metropolitan Development Authority (HMDA) on behalf of the Telangana government.
Minimum Bid set at Rs 25 crores/acre
Eight parcels of prime land in Kokapet area had gone under the hammer. A total area of 49.949 acres at Golden Mile (one plot) and Neopolis Layout (7 plots) in Kokapet, abutting into the Financial District, were auctioned off to national and international bidders. While the minimum upset amount was fixed at Rs 25 crores per acre, the average bid went at Rs 40.05 crores per acre. An astounding total of Rs 2000.37 crores was generated from the sale of these government plots.
The tremendous response and price points attained at this e-auction suggest that the robust Hyderabad realty market hasn’t lost its momentum even during this pandemic. This reiterates Hyderabad’s position as the number one city in India for investment, growth and employment opportunities. Close proximity to IT and ITES companies and easy reach of the Outer Ring Road, further enhances the value of these auctioned plots in Kokapet.
Neopolis Layout
Of the 8 plots auctioned, 7 of these plots (48.27 acres) fall within the Neopolis Layout in Kokapet, which is touted to become a modern development, rendering immense opportunities to corporates, investors and developers. The government is going all out offering land with clear titles free of litigation, time-bound and fast-track approvals and a multiple-use zone fit for office spaces and residential, recreational and commercial use.
Infrastructure facilities such as underground drainage, water supply, electrification, street lights and a road network have already been taken up in this region. Seamless connectivity to the Outer Ring Road through the Trumpet interchange at Kokapet is also in the offing. New high-rise towers for both commercial and residential use are expected to soon highlight the Kokapet skyline, making Kokapet a hot destination.
GAR Infobahn also has an expansive multi-tower, commercial project in Kokapet. Strategically located opposite the ORR Service Road and in close proximity to the Financial District, this impeccably designed project consists of 22+ towers with both SEZ and Non-SEZ features. The Phase 1 of development includes 10 million sqft of scalable office spaces with 60,000 park users already in place. These ready-to-move-in office spaces offer scope for modular expansion that’s ideal for the post-pandemic scenario.
The campus also offers world-class amenities suitable for a modern globe-trotting workforce. Perfect for a balanced work-life experience, amenities include multi-cuisine food court, creche, fitness center, outdoor sports zone, banking and ATM services, ambulance and medical services, power backup and professional security services.
Empowered with intensive screening, disinfection and sanitization, GAR Infobahn office spaces are ideally suited to the post-pandemic scenario too.
To know more about us visit us at www.garinfobahn.com
