In Hyderabad and Secunderabad, where the realty market is mostly end user driven, one might be lucky enough to earn good rental returns as localities like Marredpally promise assured rental returns.
Located at a close distance of close to 2 km from Secunderabad, is a developed locality called Marredpally. Natives and local real estate trend watchers pronounce it as an infrastructural and development-led locality where the benefits of affordability, connectivity and rental returns could become almost a USP of the locality.
Prices
As compared to the development and growth prospects of Hyderabad-Secunderabad as a whole, the prices at Marredpally seem justified. Capital values here range between Rs 3600 to Rs 4500. However, most of the new projects that are spacious and offer an enviable location could even command more.
Divya K, a local property consultant informs, “There are flats for sale that are exorbitantly priced, close to Rs 1 crore and the foremost reason behind this is the location. If the flat is positioned at a junction that connects East and West Marredpally, the value of the property is high. Additionally, amenities provided by the developer also command a good price.”