Luxury properties have long been considered a valuable, high-appreciation investment. Choosing the right location for your property is one of the most important aspects for consideration. In Hyderabad, the suburban locality of Chandanagar is steadily growing and developing as a residential hub. Because of this high potential for growth, luxury apartments in Chandanagar are a strong investment opportunity.
As demand for luxury properties increases, it is important to consider certain factors in order to select the best luxury apartment for you; and why Chandanagar should be on your shortlist.
Investing in a growing location rather than already established areas is a better option as property rates are lower compared to the latter. The potential for growth in the value of the property is also higher in a developing area than in an established location.
Chandanagar’s close proximity to IT hubs in HITEC City and Gachibowli make it a favorable location for a luxury residential hub where senior-level professionals would wish to reside.
Areas, where large companies or corporations are relocating or already exist, are ideal for property investment. The existence of companies or business will increase the value of real estate in that area due to housing requirements of the employees. Locations with growing employment opportunities tend to attract more people. If you notice an announcement for a new major company moving to the area, you can rest assured that there will be more tenants you get for your property.
Prominent industries like Bharat Heavy Electricals Limited and International Crops Research Institute have their base in Chandanagar. The area is also near HITEC City and Gachibowli, which makes Chandanagar’s commercial real estate outlook more favourable for MNCs to build their base.
Connectivity to public transport gives an added advantage to the property. Anyone looking for a rental property or for purchase looks for a well-connected hub easy access to major roads and transportation. It is always ideal if the markets are nearby.
Chandnagar is well connected to both the Old Mumbai Highway and the new Mumbai Highway. The area is also connected to the other parts of the city via the bus service.
Always check the availability of hospitals and schools in the nearby areas. Anyone, who decides to live there, would want basic facilities like schools and hospitals nearby. An area with reputed schools and specialty hospitals will command additional value.
Many reputed schools and colleges including Indian School of Business (ISB), Indian Institute of Technology (IIT) and International Institute of Information Technology (IIIT) are within 10 km radius from Chandanagar. The vicinity also has many healthcare facilities including Apollo Clinic, Pranam Hospital, BHEL Hospital and Mytri Hospital.
The availability of modern, world-class amenities adds great value to the worth of your luxury property. A luxury apartment in a gated community would offer amenities including a swimming pool, clubhouse, open recreation areas and playgrounds for kids. For added value, a luxury gated community in Chandanagar by a reputable builder would be the best option for your luxury apartment investment.