Hyderabad
Bahadurpura is all set to become the next residential and commercial hub of the Old City going by the spurt in real estate activity in the area and its surroundings. Connected to developing areas such as Shamshabad and Attapur via Kishan Bagh as well as with the core Old City localities, Bahadurpura is fast becoming the preferred destination for businessmen and residents alike.
Unlike the cluttered core Old City, Bahadurpura has wider roads and relatively larger tracts of land and showroom space available. Of late, construction activity here has visibly gathered pace. While high-rise buildings are not allowed in most parts of the Old City as they are declared “congested areas” by the municipal administration and urban development department, Bahadurpura is one among a handful of areas in this part of the city that are exempt from such a restriction.
Observers say that at least five big ventures, residential-cum-commercial properties, are being developed along NH 7, also known as Zoo Park Road. “Buildings are coming up in 15,000 square feet and 35,000 square feet area and are being constructed for commercial and residential use. Also, it is a high-rise buildings approved area. So, the sky is the limit,” notes a real estate expert. Complexes with modern amenities and ample parking spaces are being constructed, with prices on a par with developed areas from the other parts of city. NRIs too have started investing in real estate projects. Saurabh Shetty from Krissh Housing and Real Estate says, “Buyers from affluent backgrounds and NRIs have started buying apartments in Bahadurpura. The ground floors are being constructed with the intention of giving them on lease to showrooms and other retail chains. The connectivity of this neighbourhood to the airport also contributes to the increase in commercial activity here.”
S A Qaisar, another real estate developer, notes that there has been increasing construction activity not only here, but also areas in Kishan Bagh inching towards Bahadurpura. “The construction here is more organised than in other parts of the Old City. Prices of residential areas have reached Rs 2,800 per square feet,” he informed.
Interestingly, most conspicuous in this part of the city are the bike showrooms. In fact, there are five bike showrooms in a half a kilometer stretch near Bahadurpura crossroads. Figures from the Bahadurpura RTA indicate a strong two-wheeler market, recording 950 registrations per month, although unofficial estimates peg it at a strong 1,200.
S M Raza Abidi from Prestige Hero at Bahadurpura crossroads says, “I set up shop here in 2001 when the land prices were around Rs 8,000 per square yard; now the price has gone up to Rs 28,000 per square yard. My customers are from both the Old City and the newer parts of town. There is hardly any two-wheeler showroom in the Old City proper due to space constrains. That gives us an edge over others and we sell between four and five hundred bikes per month. The area, especially near the crossroads, is more developed than many other parts of the Old City.”
Dinesh Rathi, manager, Sri Ganesh Motors, authorised Yamaha dealer said, “Youngsters from as far as Tolichowki and Mehdipatnam come here to buy bikes. The future of this area looks promising for business.”
Source: The Time of India, Hyderabad