HYDERABAD: Alwal, a part of Greater Hyderabad Municipal Corporation is actually a residential neighbourhood of Secunderabad. Of late, Alwal is witnessing influx of people from the main parts of Hyderabad in search of peace, greenery and free flowing traffic.
The residential property market of Alwal consists of residential house, multi-storey apartment and residential plot. The capital value of residences is between Rs 26-90 lakh. Residential plots are available at Rs 19 lakh onwards. Rent on Alwal begins at Rs 8000. Vijay Reddy, Proprietor of Vijay Developers says “Alwal is a very beautiful place in Hyderabad surrounded by army cantonment area. Its proximity to City center has impacted the property prices hugely. The location of this area has created a massive potential for appreciation of the value of the land.”
The social fabric of Alwal is well developed. Local bazaars, shopping hubs, restaurants, theatres, banks, schools, colleges and hospitals are located in Alwal or the nearby areas. The transport facilities are also in place. Old Hyderabad Airport in Begumpet is about 12 km away and Rajiv Gandhi International Airport is about 40 km away. The Secunderabad Railway station is about 4 km away. The Andhra Pradesh State Road Transport Corporation buses plying in the region connects it to other localities. Rajkiran Ravi, a real estate broker of Sree Harivillu says “Alwal is well connected to the city and to State Highway and National Highway. All reputed schools and colleges are in the Alwal because of its pleasant and pollution free environment.”
D B Rao, real estate broker of Sri Harsha Real Estates says “The location of Alwal plays an important part in the increasing property prices. The transport network is well built as a result of which residents of both Hyderabad and Secunderabad look at it as an investment destination.”