Plots for Sale in Kokapet
Are you looking for a lucrative investment opportunity in Hyderabad? Do you want to own a piece of land in one of the most sought-after locations in the city? If yes, then you should consider buying plots for sale in Kokapet.
Kokapet is an emerging commercial and residential hub in Ranga Reddy district of Telangana. It is located on the outskirts of Hyderabad, near the Outer Ring Road and the Financial District. Kokapet boasts scenic beauty, offers a serene environment, and lies close to IT parks, educational institutions, hospitals, malls, and entertainment zones.
Read on to find out why Kokapet is the ideal destination for your dream home or your smart investment.
Types of Plots Available
Plots for sale in Kokapet are available in various types, depending on the purpose, size, layout, and features of the land. Some of the common types of plots are:
- Residential plots: These are plots that are meant for building individual houses or villas. Residential plots are usually located in gated communities or layouts that offer security, privacy, and amenities to the residents. Residential plots are ideal for those who want to enjoy a spacious and comfortable living in a peaceful and green environment.
- Commercial plots: These are plots that are meant for building commercial establishments such as offices, shops, hotels, restaurants, etc. Commercial plots are usually located along main roads or near business hubs that offer high visibility, accessibility, and footfall. Commercial plots are ideal for those who want to earn a steady income from rentals or leases.
- Mixed-use plots: These are plots that can be used for multiple purposes such as residential, commercial, industrial, or agricultural. Mixed-use plots offer flexibility and diversity to the owners who can utilize the land as per their needs and preferences. Mixed-use plots are ideal for those who want to have a balanced and integrated development.
Location Advantages
Plots for sale in Kokapet offer several location advantages that make them attractive and valuable. Some of the location advantages are:
- Connectivity to ORR: Kokapet enjoys excellent connectivity to the Outer Ring Road (ORR), facilitating easy citywide access and reducing traffic congestion. The ORR also links Kokapet to Rajiv Gandhi International Airport, just 25 km away.
- Proximity to IT hubs: It’s strategically positioned near major IT hubs like Gachibowli, HITEC City, Nanakramguda, and Kondapur, and housing industry giants like Microsoft, Google, and Infosys. Buying in Kokapet saves time and money on commuting or renting near work.
- Proximity to Financial District: Adjacent to the Financial District, Kokapet hosts leading financial institutions like ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and State Bank of India for convenient banking services.
- Proximity to educational institutions: Surrounded by renowned educational institutions like ISB, IIIT, IIT, CBIT, and prestigious schools, Kokapet offers superior educational opportunities.
- Proximity to hospitals: Kokapet’s proximity to top hospitals like Continental Hospital, Care Hospital, and Sunshine Hospital ensures rapid access to advanced medical care.
- Proximity to malls and entertainment zones: Kokapet lies in proximity to well-known malls and entertainment hubs, including Inorbit Mall, GVK One Mall, City Centre Mall, Shilparamam, and Golconda Fort. These locations provide diverse shopping, dining, and entertainment experiences suitable for various age groups and backgrounds. Purchasing a plot in Kokapet allows you to relish these leisure and recreational activities with your loved ones.
Infrastructure and Amenities
Plots for sale in Kokapet are well-equipped with infrastructure and amenities that enhance the quality of life and the value of the land. Some of the infrastructure and amenities are:
- Road connectivity: Roads connect Kokapet to Hyderabad and beyond. The Outer Ring Road intersects Kokapet, linking it to National Highway 65 leading to Vijayawada and Pune. Narsingi-Nanakramguda Road links Kokapet to Gachibowli and HITEC City. Kokapet Road connects it to Gandipet and Manikonda. Kokapet boasts a wide, smooth, well-maintained road network.
- Water supply: Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) ensures Kokapet receives regular, ample water from Osman Sagar Lake, near Kokapet. After treatment, pipelines and overhead tanks distribute the water to Kokapet’s plots and houses.
- Electricity supply: Telangana State Southern Power Distribution Company Limited (TSSPDCL) delivers reliable electricity generated from diverse sources—thermal, hydro, solar, and wind. Substations and transformers transmit power seamlessly to Kokapet’s plots and houses.
- Sewerage system: An efficient sewerage system managed by HMWSSB collects and disposes of wastewater from Kokapet’s plots and houses. Various sewage treatment plants (STPs) treat the wastewater, repurposing it for irrigation or releasing it into water bodies.
- Security: Telangana State Police ensures high-security levels, safeguarding Kokapet’s plots and houses. A well-equipped police station in Kokapet deploys modern facilities and personnel for regular area patrols. Many plots in Kokapet, within gated communities or layouts, boast their security measures, including security guards, CCTV cameras, and intercoms.
- Landscaping: Kokapet’s natural and beautiful landscaping enhances the aesthetic and ecological value of its plots and houses. Greenery, gardens, parks, and playgrounds contribute to a healthy, pleasant environment for residents. Some plots near Osman Sagar Lake offer scenic views of the water body and its surroundings.
Plot Sizes and Pricing
Plots for sale in Kokapet are available in various sizes and pricing that suit different budgets and requirements. Some of the common plot sizes are:
- 300 sq. yds: These are small-sized plots that are suitable for building compact houses or villas. These plots are ideal for those who have a low budget or who want to invest in multiple plots. The average price of these plots ranges from Rs. 4.5 Cr to Rs. 6 Cr.
- 500 sq.yds: These are medium-sized plots that are suitable for building spacious houses or villas. These plots are ideal for those who have a moderate budget or who want to have more living space. The average price of these plots ranges from Rs. 6.5 Cr to Rs. 10 Cr.
- 1-10 acres: These are large-sized plots that are suitable for building gated communities and office parks. These plots are ideal for those who have a high budget or who want to have more amenities and features. The average price of these plots ranges from Rs. 50 Cr to Rs. 120 crores per acre.
Various factors like location, size, layout, and demand affect plot prices in Kokapet. Rapid development will likely raise prices.
Financing Options
Buying a plot for sale in Kokapet can be made easier with the help of financing options that are available from various sources such as banks, NBFCs, housing finance companies, etc. Some of the financing options are:
- Home loan: Banks and financial institutions offer home loans for buying or building houses on plots. Borrowers can avail of these loans with competitive interest rates, flexible repayments, and low processing fees. The loan can cover up to 80% of the property cost, contingent on eligibility factors like income and credit score.
- Plot loan: Plot loans are for buying land without building intentions. Banks provide them with attractive rates, flexible terms, and minimal fees. Plot loans can cover up to 70% of land costs, depending on borrower eligibility.
- Construction loan: Construction loans fund house construction on owned or plot-loaned land. They offer reasonable interest rates, flexible terms, and low fees. Construction loans can cover 100% of construction costs, subject to eligibility criteria.
- Composite loan: Composite loans merge plot and construction loans. Banks offer them with competitive rates, flexible terms, and minimal fees. Composite loans can cover up to 85% of plot and construction costs, based on eligibility factors like income and credit score.
To access any of these financing options, the borrower must provide specific documents. These include identity proof, address proof, income proof, bank statements, property documents, etc. The lender will then review and assess the borrower’s creditworthiness before approving the loan.
Legal and Regulatory Considerations
Buying a plot for sale in Kokapet involves certain legal and regulatory considerations that need to be taken care of by the buyer. Some of the legal and regulatory considerations are:
- Title verification: The buyer needs to verify the title of the plot that he/she intends to buy. The title verification involves checking whether the seller has a clear and marketable title to the plot and whether there are any encumbrances or disputes on the plot. The buyer can hire a lawyer or a property consultant to conduct the title verification and obtain a title report.
- Sale agreement: The buyer and the seller must draft a sale agreement outlining terms like price, payment, possession date, and penalties. This agreement safeguards both parties’ interests through clauses like indemnity, arbitration, and force majeure. Both parties and two witnesses must sign it.
- Stamp duty and registration: The buyer needs to pay stamp duty and registration charges to the government for transferring the ownership of the plot from the seller to the buyer. The stamp duty and registration charges vary depending on various factors such as the location, size, and value, etc. of the plot. The buyer can use the online stamp duty and registration calculator to estimate the amount of stamp duty and registration charges. The buyer needs to register the sale deed at the sub-registrar’s office within four months of executing it.
- Mutation: The buyer needs to apply for mutation of the plot in his/her name after registering the sale deed. Mutation is the process of updating the revenue records of the government with the name of the new owner of the plot. Mutation is necessary for paying property taxes and obtaining utility connections.
Investment Potential
Plots for sale in Kokapet have a high investment potential due to various reasons such as:
- Demand: People highly demand Kokapet plots due to its strategic location, IT hub proximity, and more. The demand keeps rising due to population and business influx.
- Supply: Kokapet faces limited plot supply due to geography, land availability, and government regulations. The supply decreases with rapid Kokapet growth.
- Appreciation: Plot values appreciate significantly in Kokapet, driven by location, infrastructure, landscaping, and future development. This trend continues due to high demand and diminishing supply.
- Rental income: Kokapet has high rental income potential as it has a huge demand for residential properties from IT professionals and other working-class people who prefer to live near their workplaces. Kokapet yields a 3% average rent, surpassing Hyderabad’s 2.5% yield. Kokapet’s average Rs 62/sq. yd rent exceeds Hyderabad’s Rs 50.
- Capital gains: Investors see Kokapet’s high capital gains potential due to its future development prospects. The plots available for sale in Kokapet suit long-term investments. You can utilize them for purposes like building a dream home, starting a business or reselling at a higher price. The income tax doesn’t apply to capital gains from Kokapet plots if you reinvest the profit within two years or invest it in specified bonds within six months.
Investing in a plot for sale in Kokapet can provide substantial long-term returns. Buyers can construct houses or commercial buildings or profit from future resale.
Nearby Facilities and Services
Plots for sale in Kokapet are well-connected to various facilities and services that cater to the needs and preferences of the residents. Some of the nearby facilities and services are:
- Transport: Plots in Kokapet are easily accessible by various modes of transport such as road, rail, and air. The Outer Ring Road connects Kokapet to other parts of Hyderabad and beyond. The Nampally Railway Station is about 20 km away from Kokapet and offers train services to various destinations across India. The Rajiv Gandhi International Airport is about 30 km away from Kokapet and offers flight services to various domestic and international destinations.
- Shopping: Plots in Kokapet are close to various shopping options such as malls, supermarkets, local markets, etc. Some of the nearby shopping options are Inorbit Mall, GVK One Mall, City Centre Mall, Reliance Fresh, More Supermarket, etc.
- Dining: Plots in Kokapet are near to various dining options such as restaurants, cafes, bakeries, etc. Some of the nearby dining options are Paradise Biryani, Barbeque Nation, Chutneys, Cafe Coffee Day, Karachi Bakery, etc.
- Entertainment: Plots in Kokapet are adjacent to various entertainment options such as cinemas, theatres, clubs, pubs, etc. Some of the nearby entertainment options are PVR Cinemas, Prasads IMAX, Shilparamam, Golconda Fort, etc. These entertainment options offer a range of activities and events such as movies, shows, exhibitions, festivals, etc. to the customers.
- Education: Plots in Kokapet are surrounded by various educational institutions such as schools, colleges, universities, etc. Some of the nearby educational institutions are ISB, IIIT, IIT, CBIT, Oakridge International School, Delhi Public School, Rockwell International School, etc.
- Health: Plots in Kokapet are near various healthcare facilities such as hospitals, clinics, pharmacies, etc. Some of the nearby healthcare facilities are Continental Hospital, Care Hospital, Sunshine Hospital, etc.
How to Purchase a Plot
Purchasing a plot for sale in Kokapet can be done by following these simple steps:
- Step 1: Search online or offline for plots for sale in Kokapet. Utilize portals or sources like newspapers, brokers, or agents advertising plots with details like size, price, and features.
- Step 2: Shortlist plots matching your criteria and budget. Compare them based on factors like location, size, and price, then select the suitable ones.
- Step 3: Personally visit the shortlisted plots. Inspect soil quality, water, electricity, and legal status, including title verification and permits.
- Step 4: Negotiate with the seller and finalize terms. Discuss price, payment mode, and possession date, and seek professional assistance if needed.
- Step 5: Pay the agreed amount and complete the formalities. Use cash, cheque, or online transfers. Fulfill requirements like signing the sale deed, paying stamp duty, and applying for permits as per regulations.
Future Development Prospects
Plots for sale in Kokapet have a bright future development prospect due to various reasons such as:
Government initiatives:
The government of Telangana has taken various initiatives to boost the development and growth of Kokapet and its surrounding areas. Some of these initiatives are:
- Hyderabad Metro Rail Project: The Hyderabad Metro Rail Project is a rapid transit system that aims to connect various parts of Hyderabad with a network of metro lines. The project is expected to be completed by 2025 and will have a station at Kokapet that will improve the connectivity and accessibility of the area.
- Neopolis Layout: This is a futuristic city project that offers plots of various sizes from 2 acres to 6 acres. The project has unlimited FSI, multiple-use zones, single window approval, and world-class infrastructure. The project is expected to generate employment for about a million people in the next 5-7 years.
Private investments:
The private sector has also shown interest and confidence in investing in Kokapet and its surrounding areas. Some of these investments are:
- Rajapushpa: The Rajapushpa Project is a mixed-use development project that aims to create a premium residential and commercial in Kokapet with an area of 54 acres. The project is expected to be completed by 2028 and will house some of the leading IT companies that will generate revenue and jobs for the area.
- Salarpuria Sattva Project: Salarpuria Sattva Project is a mixed-use development project that aims to create a premium residential and commercial complex in Kokapet with an area of 75 acres. The project is expected to be completed by 2027 and will offer luxury apartments, villas, office spaces, retail outlets, etc. that will cater to the high-end segment of the market.
- My Home Group Project: The My Home Group Project is a mixed-use development project that aims to create a premium residential and commercial space in Kokapet with an area of 80 acres. The project is expected to be completed by 2028 and will offer spacious and comfortable living spaces with modern amenities and features that will appeal to discerning customers.
Conclusion
Investors and buyers consider Kokapet plots an excellent choice for land acquisition in Hyderabad. These plots offer various benefits, including prime location, robust infrastructure, abundant amenities, and attractive landscaping, enhancing their appeal and value. High demand, limited supply, and consistent appreciation make Kokapet plots a lucrative investment. Additionally, government initiatives and private investments further boost future development prospects. To explore Kokapet plot options, contact our leading real estate consulting firm at +91-9390661620. We offer plots in Hyderabad’s upscale areas and provide comprehensive services, including title verification, sale agreements, stamp duty, registration, mutation, and building permissions.
Plot Size (Sqyd) | Facing | Price/Sqyd | Location |
---|---|---|---|
1500 | West | 1.6 Lakh | Near GAR Infoban |
2050 | North | 1.25 Lakh | Near Prestige Tranquil |
500 | East | 1.2 Lakh | Near Poulomi Aristo |
550 | East | 1.2 Lakh | Near HP Petrol Pump |