Real estate activity is steadily booming in Jalpally municipality, a few kilometres from the
Falaknuma Palace in the south of the Hyderabad.
The countryside pockets, which were once known for guava and fig farms, agriculture fields and water bodies, are now turning into a preferred destination for property investment and construction of houses due to its proximity to the older parts of the city. The Jalpally municipality, comprising several areas like Jalpally village, Wadi-e-Omer, Wadi-e- Mustafa, Wadi-e-Salaheen, Sadathnagar, Shaheennagar and a few more areas, is in one sense an extension of the old city. The real estate activity in the area got a boost a few years ago when it was accorded the status of a municipality by the government.
“Since then several developmental activities were taken up, including providing dedicated drinking water pipelines and sewerage network. It attracted people to invest in the properties here or reside here,” explains Samad Bin Siddiq, a former MPTC member and realtor. An area mostly dominated by the minority community, this belt is most preferred by NRIs working in Middle East countries and Gulf returnees to a great extent. “Land prices have skyrocketed in the colonies abutting the Srisailam highway or the Chandrayangutta – Pahadishareef road after the authorities announced of extending the Metro Rail from Falaknuma to RGI Airport,” points out Abdullah Bin Yousuf, another realtor from Shaheenagar. Connectivity to the city areas via the inner ring road (three kilometers from Shaheenagar) and its proximity to the older parts of the city are considered reasons for the gradual growth of this block.
“Several families who were previously settled in the older parts of the city moved over here after partition of ancestral properties. Here you find an ambience more similar to the old city areas during the evenings or festivals,” shares Kareem Ansari, a local social worker. Public transport is an advantage here. The TSRTC buses to the interior areas of the city including Charminar, Koti, Mehdipatnam and LB Nagar apart from the sharing auto rickshaw concept helped the real estate pick up.