Bolarum
is located just 8 to 10 km from Bachupally and Miyapur. The locality is an
industrial hub and is yet to be developed into a full-fledged residential area.
Though there are several issues hindering the residential growth of the place,
there are signs of developments seen already in the vicinity. This has urged
investors to look for 2 BHK apartments for sale in Bolarum.
Residents
in Bolarum as well as the ones residing in neighboring areas like Bachupally
and Miyapur have faced the effects of polluted surroundings for a long time.
The ground water in these areas is polluted owing to the industries nearby.
Hence, this has kept the demand for residential unit’s pretty low. Only those
buyers seeking affordable properties
tend to choose these areas.
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| Courtesy: Net |
However,
recently, the government is looking for large parcels of land to relocate the
industries in Bolarum. A few set ups have already started to move out. But, it
would take a while before the whole industrial base in moved. Another positive
development taking place in the area is the forthcoming transport facilities
that enhance the connectivity of the area. Metro work is considered to be
completed in three or four years while the bus terminal may take another four
years. Well, these developments will surely have a positive impact on the
residential demand in Bolarum in the near future. The area will surely develop
as a residential area, mainly for the lower and middle income segment. It will
be a good idea to invest in a 2 BHK apartment for sale in Bolarum.
Owing to easy availability of land parcels, Bolarum is expected to be affordable in
the future. Since residential demand in the area is driven largely by workers in
various industries in the area, inventory is focused in the budget of about Rs
40 lakh. Almost 68 % properties in supply here tend to be within this price
bracket, fulfilling the demand at nearly 60 per cent. In the present times, properties
priced Rs 20-30 lakh seem to have a number of enquiries. Hence, if you have a
long term investment plan, Bolarum is certainly a good option.
Hyderabad is a leading city for investment in property and especially high gain in residential property and I am Niharika, to give you updates on recent property trends in Hyderabad Market
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