Affordable 3 BHK Apartments in Kompally, Hyderabad are one of the most sought-after property investments in the city. Kompally is one of the fastest growing suburbs for 3BHK apartments in Hyderabad. If you are planning to purchase a 3 BHK apartment in Hyderabad in an area with seamless connectivity to IT hubs such as HITEC City and Gachibowli, Kompally should definitely be on your list.
Infrastructure in Kompally
Affordable 3BHK apartments in Kompally are gaining popularity due to their cost-effective property prices and improved infrastructure development. The competitive prices of projects in this locality make it a viable proposition for property investors.
The social infrastructure in Kompally is also developing steadily with more and more educational institutions, health care centres and supermarkets gaining prominence. This increase in social infrastructure is attracting more people to Kompally.
In the coming years, there are plans to build 14 gateways in Hyderabad, of which one will be coming up on Medchal-Kompally Road. This project will make Hyderabad safer and secure by keeping a track of the incoming and outgoing traffic. This infrastructure development will not only influence the real estate market of the area but it will also positively add to the Kompally’s overall appeal. As the locality continues to grow, it will get more difficult to find affordable 3 BHK apartments in Kompally Hyderabad, which is currently the most highly sought after the unit type.
Although Kompally is approximately 25 kilometres from HITEC City, Gachibowli, and Financial District, the distance can be comfortably covered in under an hour because of the Outer Ring Road (ORR). This gives residents of Kompally the advantage of being able to quickly move around the city without facing traffic issues.
Kompally is an ideal choice for those looking for 3BHK apartments in Hyderabad, which is rapidly growing. It is located about 10 kilometres from central Secunderabad. Many property buyers from Secunderabad seek out affordable 3 BHK apartments in Kompally because this gives them accessibility to most of Hyderabad without heavy costs. The availability of affordable 3BHK apartments in Kompally is spurring strong interest in the locality with residents from all over Hyderabad expressing interest and actively investing in property.
Kompally also happens to be well connected due to connectivity of the National Highway number 44 and the Outer Ring Road (ORR). Travelling to your workplace which might be in HITECH City or Jubilee hills would not be out of reach due to the smooth connectivity of the roads right beside the suburb. The educational infrastructure in Kompally has increased over the past few years with reputed educational institutes such Delhi Public School, Saint Ann’s School and DRS International School springing up near the area. Due to the expansion of the city, living in Kompally has made it convenient for employs to take up residence due to the current cost factor that poses as an advantage to migrate to this upcoming suburb which makes it more attractive.
Aparna Kanopy Tulip Phase 1B
Located away from the hustle and bustle of Secunderabad, the Kanopy Tulip Phase 1B is intelligently designed to take residents to another dimension in terms of living in 2 and 3 BHK apartments in Hyderabad. Located at Gundlapochampalli, near Kompally you can be assured that your family’s happiness is taken care of by airy bedrooms, captivating sit outs, and well-planned kitchen. The major highlights of the Kanopy Tulip Phase 1B is that it consists of a state of the art clubhouse, 72 acres of integrated community and is developed in a low pollution area.
It has various amenities such as Children’s play area, Jogging Track, Gymnasium, Landscaped Garden, a swimming pool, a basketball court and much more!
Aparna Kanopy Tulip is well connected using the outer ring road (ORR), the national highway 7 and the MMTS station at Gundlapochampally. It is also connected to several schools, colleges and hospitals and entertainment centres.
To know more, visit: Aparna Kanopy Tulip Phase 1B
Revised Carpet Area for affordable Housing under PMAY for MIG
The cabinet in New Delhi has approved increase in carpet area of the houses which are eligible under the credit linked subsidy scheme for MIG under the Pradhan Mantri Awas Yojna. The main feature of the scheme is that the area of the house is different for all categories and the reason being that the carpet area must be looked at and not the super area. The existing area of 90 square meter shall be increased to 120 square meters for the MIG 1 category and the existing area of 110 square meter shall be increased to 150 square meters for the MIG 2 category.
This is a part of the centre’s effort in providing affordable housing by 2022. This measure states that households can now avail a 2.3 lakh upfront subsidy under the category of earning up to 18 lakhs. The categories are defined as the individuals who earn between 6 lakhs and 12 lakhs fall under the MIG 1 category and the individuals who earn between 12 lakhs and 18 lakhs fall under the MIG 2 Category.
The Credit Linked Subsidy Scheme is a milestone towards expanding the beneficiary base for government schemes to promote the housing structure. This comes as a good news as it showcases the government’s receptiveness to inputs from investors. The revised carpet area will enable the people from smaller towns to purchase bigger houses as the cost is far lesser in smaller towns. This makes sure that affordable 3 BHK apartments in Kompally are no longer a distant dream for people from the MIG 1 and MIG 2 group. A budget which will aid the builders this shall improve the urban housing development industry and improve the construction activity in the entire country.