Hyderabad
Panjagutta is a primal commercial town of Hyderabad. Located on the western zone of the city, the area is considered to be the center of commercial activities. Good connectivity and closeness to major districts such as Khairtabad, Banjara Hills, Ameerpet and Somajiguda has helped Panjagutta gain its importance as a commercial district.
According to the MagicBricks.com data, commercial office space and showrooms have the highest demand in the locality. The capital value of these commercial properties has been recorded between Rs 2-26 crore. The rental value of commercial properties in the area has a wide range of Rs 30,000 to Rs 3 lakh per month. Nawaz Shariff, a realtor of MS Consultants says, ?Panjagutta is an ideal place to do commerce because of its strategic location and good connectivity with all important places of the city.? Big names in the commercial domain such as Hometown, Hyderabad Central, PVR Cinemas and Tanishq, among others are already present in Panjagutta. Almost all kind of business such as clothes, jewels, shoes, departmental goods, books and others flourish here.
Panjagutta also has residences mostly consisting of residential houses and multi-storey apartments. The capital value of these residential properties is around Rs 94 lakh. Rent on Panjagutta is between Rs 6,500-36,000 per month.
The civic infrastructure of the locality is well developed. The twin flyovers across the road junction assist in easing traffic flow. The major roads include Panjagutta Road and Srinagar Main Road. Begumpet MMTS Station is the closest metro station in Panjagutta. Popular modes of transport include APSRTC buses and Setwin buses.
The social infrastructure consists of banks, police station, NIMS Government Hospital and BSNL office, among others.
Sushant Kumar, a real estate broker of Meghna Associates says, ?Panjagutta is considered to be the commercial hub of the central part of Hyderabad. Not just business, even IT companies are centered within the locality. Anyone who owns a commercial establishment or an office/business in the locality has its add-on advantage of its easy customer accessibility.?
Namrata Ekka, MagicBricks.com
Source: http://content.magicbricks.com/commerce-pushes-property-values-in-panjagutta/
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