Upcoming IT developments, affordability and connectivity render Pocharam, strategically situated along the Warangal Highway, a lucrative investment option.
While a lot has been said and written about the rapidreal estate growth trend in West Hyderabad, localities in the east have not really been a hit among the real estate enthusiasts. However, Pocharam, a suburb located just off the Warangal Highway has managed to bring East Hyderabad on the real estate map. The one thing that led to the development of Hyderabad has also propelled growth here, which is the growth of IT set-ups. But apart from IT, there are factors that make Pocharam a rewarding investment.
Singapore Township
Pocharam sprung in to prominence way back in 2005-06, when the AP housing Board constructed the Singapore Township, an independent, unique and fully integrated township with more than 2000 housing units. Ever since the inception of this township, the residential demand in the locality has seen an upward trend. Investing here today is expected to yield good returns in the future.
IT developments
Post the Singapore Township, the real estate scenario was dull in Pocharam till the IT wave hit the locality. The IT wave was initiated by K Raheja Corp with the Raheja Mindspace IT Park. A more recent development is the setting up of the Infosys Campus. “With the coming up of Infosys, Pocharam has got another shot in its arm. This will bump up residential demand in the locality in years to come,” exclaims Gautam Mohopatra, MD, Asterisk Realfin Services.
Affordability and capital appreciation
Affordable residential prices is probably one of the prime reasons that make Pocharam a good bet to invest in as prices are bound to rise. “As the prices are still affordable here, buyers are eyeing the locality for long term investments,” adds Mohopatra.
As per Magicbricks.com data, the locality offers maximum residential properties in the budget range of Rs 10-20 lakh. Both apartments and plots are available. The per sq ft value for apartments in Pocharam, Hyderabad vary between Rs 1900 – 2500.
Talking about the capital appreciation expected out of the locality G Yoganand, MD, Manjeera Group states, “if you invest today, one can anticipate an appreciation of around 15-20 per cent in the next three to five years.”
Connectivity
Apart from its strategic location off the Warangal Highway, Pocharam is just a few kilometres away from Uppal. Further, the proposed MRTS and Outer Ring Road pass through this area.
Sruthi Kailas, Magicbricks.com Bureau
Sruthi Kailas is a keen market researcher and is currently a part of the content and research team of Magicbricks.com.
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