In the Hyderabad’s realty race, Kokapet is in the pole position. Kokapet is regarded as a new growth engine for Telangana’s IT sector. Kokapet, situated in close proximity to major IT hubs is making it one of the most preferred residential destinations to buy and invest among the working-class population of Hyderabad.
In July 2019, the Telangana government announced to develop a new city with a workforce as big as present Hyderabad. This new city will soon be developed with the motto of ‘Rise Infrastructure Hyderabad – Enhancing Liveability’ at the region referred to as the ‘Golden Triangle’, stretched out from Kokapet to Muthangi ORR. This new standalone city is expected to accommodate a workforce of 5 lakhs on its workspace area of 90-million sq. ft. To achieve this target, the Telangana government is developing a huge land-bank of 466 acres on a mission mode approach.
WALK TO WORK
In recent times, it is undoubted to say that west Hyderabad has taken dominance over the residential space. The first major reason behind this is the mushrooming of employment opportunities in IT parks spread over this region, especially the various MNC’s in the Financial District. The second reason is the excellent connectivity which enables easier commute.
Telangana government has plans to propose the development of an integrated township on a novel ‘walk to work’ concept. By this concept, the office space would be within the vicinity of the upcoming residential abode in order to reduce the need for travel and thereby reducing the traffic. As per the new Municipal Act, wherever 100 or more acres are available under the HMDA and 50 or more acres are available under a municipality, the government will encourage developers to set up such townships.
While the entire workspace of Hyderabad spans 110 million sq. ft., the new city of Kokapet unprecedentedly will have 90 million sq. ft. workspace. This will implement all of those ‘could have done’ aspects during the development of Hitech City in facilitating various amenities with pure ambiance and caters to the essential needs of the working-class lifestyle. Many companies have already started moving their offices to Kokapet, making it hot-bed of real estate activities.
Kokapet is more of an IT infrastructure extension of Gachibowli, Manikonda, etc. The Outer ring road passes through Kokapet and also is also very close to Rajiv Gandhi International Airport. It is well connected to the main city and has wider roads with an average width of 40 meters. It is closer to Osman Sagar Lake and has an abundance of world-class educational institutions, hospitals, entertainment hubs, etc. Public transport to the residential spaces, which is expected to be developed at Kokapet, will be given priority where MRT, BRT or LRT connectivity will be provided from the last metro station to Kokapet.
VIBRANT RESIDENTIAL SPACES
The present real estate market value in the region is stable and is showing great signs of improvement. Both buyers and investors may find various options for budget and luxury properties in Kokapet. An official from Vertex homes Realtors upheld Kokapet as the ‘next big thing’. Vertex Panache, a residential project offering well-designed 2 and 3 BHK apartments, is located at an enviable location in Kokapet which is very much in the vicinity of the Financial District. Vertex Panache luxury apartments are available through the developer as well as on resale. It hosts numerous premium amenities which include a loaded clubhouse, well-equipped gymnasium, swimming pool, kids play area, cafeteria, 24*7 security system, multipurpose rooms and many more well within its premium gated community. To know more about Vertex Panache and to get the best deals on the property, please click here or contact on any of the numbers given below. With premium real estate developments like Vertex Panache emerging in Kokapet area, it would hence be safe to say that Kokapet is indeed ruling the realty charts.