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Attapur,

From a desolate micro market to a vibrant housing destination

Micro Market Overview Report June 2018

About Micro Market

Located in south Hyderabad, has which is now saturated with the presence of large witnessed immense real estate growth, both public sector offices and private firms’ commercial and residential, since the early h e a d q u a r t e r s . A d d i t i o n a l l y, s e a m l e s s 2000s. The micro market lies along the P V connectivity to the IT-ITeS hubs of HITEC City via Narasimha Rao (PVNR) Expressway, starting Old Mumbai Highway and via Outer from Asian M Cube mall and ending at Rajendra Ring Road (ORR) and to the international airport Nagar. Bisected by the PVNR expressway (of 7km via Old Airport Road has worked in its favour. length), Attapur boasts of excellent connectivity O ve r t h e ye a r s , At t a p u r h a s s e e n t h e to other prominent areas of the city. With several development of both residential and commercial residential and commercial developments developments due to the large influx of coming up on both sides of the expressway, population from nearby areas such as Attapur is today booming with real estate activity. , , and Lakdi- ka-pul. Availability of land, PVNR’s connectivity One of the key factors that have fueled real estate and affordable rentals are responsible for this growth in Attapur is its proximity and easy large influx. Today, the locality boasts of a good connectivity to the central zone of Hyderabad, social and physical infrastructure facilities.

Attapur has witnessed immense real estate growth, both commercial and residential

® Micro Market Overview Report | Attapur, Hyderabad 1 Connectivity

Attapur scores high on connectivity due to the PVNR expressway which bisects the locality and connects central Hyderabad, Rajendra Nagar and Rajiv Gandhi International Airport.

Road Rail Air

Attapur has easy access Th e n e a re st M M TS The micro market is to Rajendra Nagar and railway station is Lakdi- well-connected to the Mehdipatnam via PVNR ka-pul, located 8 km international airport Expressway. Financial away from Attapur. (located 24 km away) District is also accessible via NH 44, which is easily via Osman Sagar road accessible via the PVNR and ORR. expressway.

® Micro Market Overview Report | Attapur, Hyderabad 2 Major Growth Drivers

Proximity to Lakdi-ka- The major public sector Well connected to Rai pul, and offices and key state Durg IT park including Mehdipatnam, which is and central government Divya Sree NSL Orion, the CBD of Hyderabad departmental offices Wells Fargo and are in proximity. Accenture

Attapur is easily Less traffic congestion accessible to major IT during peak hours hubs including HITEC because of elevated City, Gachibowli and PVNR expressway which . separates airport traffic from the regular office traffic.

Excellent social Attapur is well The locality offers infrastructure facilities connected to Rajendra affordable rentals, good including malls, hospitals & Nagar, which has social infrastructure educational institutions on Agriculture University, facilities and seamless both sides of the micro National Institute of connectivity to other major market along the PVNR Rural Development and areas. It has numerous expressway. District Medical and housing options in all price Health office. brackets.

® Micro Market Overview Report | Attapur, Hyderabad 3 Location

Shamirpet

Out

er Ring R

Out

er Ring R

oad

oad Rai Durg Financial District Lakdikapul Mehdipatnam Nampally Station Attapur

Rajendra Nagar

RGI Airport oad er Ring R Out

Langer House Golkonda F ort Road

er Musi Riv Asian Mall

Attapur Brand Factory Upparapally Tejaswi Nagar Post Office + Maruti Nagar Zoi Hospital Kishan Bagh R Agriculture oad University Area Mantra Mall

Rajendra Nagar D Mart

+ Hospital Prominent location Micro Market Boarder Railway Station PVNR Expressway Road Retail Mall

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Micro Market Overview Report | Attapur, Hyderabad 4 Residential Market Assessment

New Launch Supply Age of Inventory (Launches between 2013 to 2018 (Q1))

8% 2% 15% 2,500

2,000

1,500

1,000

500 75%

0 2013 2014 2015 2016 2017 Ready to Move-In < 1 Year 1 - 2 Years 2 - 3 Years

Since 2013 till date (Q1 2018), Attapur has seen new About 75% (around 2,500) of the total units supply launch supply of over 3,400 units. Nearly 83% of this since 2013 will enter the market in less than 12 months. supply was added during 2016-17, indicating the Thus, there will be a plethora of options for home rapidly growing demand for residential real estate in buyers who are planning to buy a house within the this micro market. next one year.

Attapur experienced a sudden surge in real estate Currently, only 15% (500) of the total supply since 2013 activity post state bifurcation in 2014 as political is ready-to-move-in. stability was reinstated in the state. Also, the real estate demand improved due to improved connectivity via Additionally, out of the total unsold stock in Attapur ORR, PVNR expressway towards Financial district and (approx. 2,240 units), nearly 96% is in various stages of CBD, respectively. construction.

Out of the total supply since 2015, maximum units cater to the mid-segment (INR 40 Lakh - INR 80 Lakh) while a very small share of the total supply comprises of ultra-luxury properties (> INR 1.5 cr).

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Micro Market Overview Report | Attapur, Hyderabad 5 Residential Market Assessment

Attapur average price as of Q1 2018 is around `3,700/sft.

2,500 4,000

3,500 2,000 3,000

1,500 2,500 / sqft. ` 2,000

1,000 Number of Units 1,500

1,000 500 500

0 0

Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016 Q4-2016 Q1-2017 Q2-2017 Q3-2017 Q4-2017 Q1-2018

New Supply (In Units) Price ( `/.sqft)

Property prices in Attapur have registered a steady Affordable property options in the locality make it a growth during the past three years with average prices good investment destination for young professionals. as on Q1 2018 being INR 3,700/sq. ft., which is 6% more than Q1 2017.

Prices in this micro market have hovered around INR 3,100-3700 during 2015 - Q1 2018.

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Micro Market Overview Report | Attapur, Hyderabad 6 Outlook

Attapur has all the essential facilities in its neighborhood including shopping, hospitals, restaurants, banks & schools

Once a far-flung micro market, Attapur has today projects in its precincts, Attapur boasts of seamless emerged as a promising commercial cum residential connectivity to Rajendra Nagar, Mehdipatnam, Lakdi- hotspot in Hyderabad. Affordable property prices ka-pul and Khairtabad via PVNR expressway. The area coupled with lower rental values make it an attractive has all the essential facilities in its neighborhood micro market for several public sector employees including shopping, hospitals, restaurants, banks and working in the nearby CBD areas and also for young schools, making it a preferred destination for the professionals working in the IT-ITeS hubs of HITEC City working population. Thus, Attapur is fast developing and Gachibowli. Besides affordability, easy into a perfect option for public sector employees as accessibility to major areas of the city give Attapur an well as for the working professionals employed in the edge over few other localities. In addition to excellent west zone and are looking for affordable properties to social infrastructure facilities and several housing buy or rent.

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Micro Market Overview Report | Attapur, Hyderabad 7 ANAROCK is ’s leading independent real estate services company that houses a comprehensive range of complementary businesses. ANAROCK serves the needs of developers, home buyers, investors, financiers and the public sector. Our key strategic business units are Residential Transaction & Advisory, Retail Transaction & Advisory, Capital Markets, Investment Management and Research & Consulting.

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