Introduction: Kompally Suburb
Kompally is a rapidly developing suburb located in the north of Hyderabad, India. Over the past few years, the area has seen tremendous growth, transforming from a small village on the outskirts of the city to a bustling hub of real estate, education, and commerce. With its strategic location, excellent connectivity, and abundant greenery, Kompally has become one of the most sought-after residential areas in Hyderabad. In this article, we will explore the various aspects of Kompally and its growth trajectory.
Location and Accessibility of Kompally
Kompally lies in the Medchal-Malkajgiri district of Hyderabad and borders National Highway 44, which links it to Nagpur. The locality has convenient access through the Outer Ring Road (ORR) and has excellent connectivity via road and rail routes to the city center and other significant hubs of the city.
The suburb is just 10 km from Paradise, Secunderabad, and is located close to the IT and financial hubs of Hyderabad, making it an ideal location for both commercial and residential development.
The Greater Hyderabad Municipal Corporation (GHMC) is responsible for the administration of Kompally, and the area has seen significant infrastructure development in recent years. The NHAI is widening the road for a 10-km-long stretch from Suchitra to Kompally junction, which will boost growth in the area.
Real Estate Development in Kompally
Kompally is a fast-growing residential area located in the city of Hyderabad, India. The area is known for its emerging real estate development, with a range of residential and commercial properties available at different price points.
Residential Real Estate
The suburb offers a range of residential properties for sale, including apartments, villas, and houses. The price range for properties in Kompally varies from Rs 50 Lac to Rs 10 Cr. The area has many popular localities, including Yapral, Gundlapochampally, Sai Nagar, Satyam Enclave, and Devender Colony, that offer great options for property buyers. The price of gated community apartments in Kompally ranges from 4,500 – 9,000 per Sq.Ft. Furthermore, there are many new residential projects that are being launched in the area. Around 308+ new projects are for sale within different budget ranges. This suburb is an emerging residential destination in Hyderabad due to its excellent infrastructure. Infrastructure includes wide roads, Manjeera water pipelines, underground drainage facilities, and luxurious properties.
Commercial Real Estate
Kompally has been witnessing significant commercial real estate growth in recent years. The area has a range of commercial properties, including office spaces, retail shops, and showrooms, available for rent or sale. According to our research, there are currently 25 commercial properties available for sale ranging between Rs 5,500 – 10,000 per Sq.Ft. in the area.
The area has several upcoming commercial projects, including office buildings and shopping malls. These projects will enhance the commercial real estate market in the suburb further.
Infrastructure
Kompally has excellent infrastructure, which is one of the reasons for its fast-paced real estate development. The area has good connectivity to other parts of Hyderabad through a network of roads and highways. The Outer Ring Road (ORR) and National Highway-44 (NH-44) are easily accessible from Kompally, providing smooth connectivity to major areas of Hyderabad. It also has good public transportation, with many buses and autos connecting the area to different parts of the city. The area has several reputed schools, colleges, and hospitals, making it an ideal place for families.
Future Developments
The Kompally-Gowdavalli ORR extension and the Kompally-Medchal railway line are currently under construction. These two are expected to enhance connectivity to the suburb and draw in more real estate development in the area. Furthermore, numerous residential and commercial projects are in the pipeline for the suburb, which is anticipated to add to the region’s real estate growth. As a result, Kompally is expected to experience further real estate expansion in the forthcoming years.
Social Infrastructure
Kompally boasts of excellent social infrastructure, including schools, colleges, hospitals, and shopping centers. The area has many prestigious educational institutions primary and secondary education. Institutions such as the Siva Sivani Group of Institutions, DRS International School, and the Narayana Group of Schools. Hospitals such as the Care and Mahaveer Hospital are located in the area, providing quality healthcare for residents.
The area is also home to several shopping centers, malls, and standalone branded showrooms. The area has witnessed the establishment of many big-ticket housing projects, making it a hotspot of real estate activity in Hyderabad. Posh residential layouts, abundant greenery, and ample social infrastructure have spurred this suburb’s growth.
Parks and Greenery
One of the most significant advantages of this suburb is the abundance of greenery and open spaces. Jeedimetla Park, Kompally Park, and the NCL Colony Park are some of the parks and gardens in the area, which is known for its lush green surroundings. Its green cover has made it a preferred location for those who want to enjoy a peaceful, pollution-free environment.
Recreation & Entertainment
Kompally has ample greenery and posh residential layouts, making it an ideal location for outdoor recreation. For nature lovers, there are many parks and open spaces in the area. Kompally Lake and Deer Park are popular destinations for families, offering a peaceful environment and beautiful scenery. The park is home to various species of deer, and visitors can enjoy a leisurely walk or picnic by the lake. The suburb offers various entertainment options for residents of all ages. The area has seen a surge in the number of malls, standalone branded showrooms, eateries, and hangouts, catering to the growing population of the suburb. It has several options for dining out and enjoying a night out with friends and family. The area is home to various restaurants serving a range of cuisines, from local delicacies to international fare.