Kondapur, located between Gachibowli and HITEC City in Hyderabad, is a thriving commercial hub in the city’s booming real estate scene. Its strategic location, excellent connectivity, and promising returns have caught the attention of investors seeking prime opportunities.
As the Hyderabad Metro expands and the IT/ITeS industry continues to grow, the real estate market in Hyderabad is witnessing robust development. Kondapur has emerged as a major beneficiary. Over the past five years, property values in this vibrant neighborhood have surged considerably, cementing its reputation as a sought-after commercial destination for investors.
According to recent data, office spaces in Kondapur have seen significant leasing and sales activity. Out of the stock of 1,020,000 sf of office space, 70,000 sf were leased in the past year, and 90,000 sf were sold.
What Makes Kondapur a Thriving Commercial Hub?
The increasing demand for premium commercial properties in Kondapur indicates the city’s growing prominence as a corporate hub. Because of its advantageous location near financial and IT hubs, it is a popular home option for businesses. Let’s explore the reasons that make Kondapur a great investment option for commercial real estate.
Excellent Location and Connectivity
Major roads like HITEC City Road, Old Mumbai Road, and Gachibowli-Miyapur Road allow convenient access to Kondapur. Connectivity to important Hyderabad areas is excellent. The Outer Ring Road and Hafeezpet flyover reduce traffic congestion during peak hours. Reaching Rajiv Gandhi International Airport takes around 40 minutes.
Future improvements like the Botanical Gardens Metro Station and multi-level flyovers will further enhance connectivity to Kondapur. Kondapur’s desirability as a residential area stems from its proximity to major hubs like Madhapur, Gachibowli, and Miyapur.
Infrastructure and Development
Kondapur’s excellent infrastructure plays a major role in its emergence as a business hub. You can find modern office complexes, retail outlets, and commercial establishments, catering to diverse sectors. Kondapur is favored by businesses spanning technology, finance, retail, and hospitality, drawn to its conducive environment for growth. Additionally, upscale shopping centers, dining options, and entertainment venues add to Kondapur’s appeal as a vibrant business destination.
In a recent transaction in Kondapur, Emprada Mines And Minerals purchased office space in Trendset Jayabheri Connect in November 2023 for Rs. 10,675 psf.
Let’s have a look at the most expensive buildings in Kondapur.
| Buildings | Average Rental (Chargeable) INR/sf |
| Edara Cygnus | 67 |
| Gutenberg IT Park (Kala Jyothi Building) | 46 |
High Rental Yields
Kondapur proves an enticing investment option due to its high rental yields. The locality’s strategic positioning, excellent connectivity, and bustling commercial scene make it desirable for tenants, creating strong demand for rental properties. Furthermore, the steady growth of the IT/ITeS industry in nearby areas like Gachibowli and HITEC City strengthens rental prospects. As a result, Kondapur offers investors the opportunity to obtain lucrative returns on their rental properties within this dynamic locale.
Speaking of recent leases, SBI Bank leased 55,027 sf at Edara Cygnus for Rs. 173 psf in August 2023.
Here are the top 2 tenants who have rented office spaces in Kondapur.
| Tenants | Average Rental (Chargeable) INR/sf |
| SBI Bank | 67 |
| Vuchi Media | 46 |
Recommended Commercial Properties in Kondapur
Kondapur stands tall as a prime destination for commercial real estate investments. Its advantageous location, sturdy infrastructure, and thriving business landscape create an opportunity for high rental yields. Driven by robust demand across diverse sectors and proximity to thriving IT hubs, investing in rental properties here offers an enticing path to profitable returns for investors. One of the best office buildings in Kondapur available for lease is Aparna Techzone.
Kondapur is expected to see 390,000 sf of office space in the next year, which will increase to 910,000 sf over the following three years.
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