Tellapur's 4-BHK Shortage and Why It's Driving Premiums

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Tellapur's 4-BHK shortage and why it is driving premiums is much-talked-about in Hyderabad today. While the real estate market here is booming, 4-BHKs are scarce. Buyers have to pay a higher price to purchase the few units that are on sale.

There is a shortage of spacious 4-BHK units in the area. However, elite projects like Prestige Golden Grove have grand 4-BHKs of 2,723 to 3,013 square feet. These are opulent homes that offer plenty of space. In high-rise towers, these enjoy better skyline views as well as views of the greenery around.

Why is There a Shortage of 4-BHKs?


Builders of high-rises in Tellapur have prioritised 2 and 3-BHK homes. These are popular with buyers as they sell fast and have a wide buyer pool. As a result, there is an imbalance in the inventory, and there are fewer 4-BHKs available.

The main reasons behind the shortage of 4-BHKs are:

  • Nearly 75% of new units are 2 or 3-BHK, leaving a gap for larger apartments. Smaller units work for couples and small families, but not for people who want more space. Most builders do not build 4-BHKs as these need more space and better planning/design.
  • Available land is now less, and major projects are close to completion. Most high-rise enclaves here have mid-sized homes of 2 and 3-BHK as builders focus on these. There is limited space for new projects that can have large 4-BHK units.

Reasons Behind Surging Demand


Tellapur's 4-BHK shortage and why it is driving premiums up can be understood by studying demand. The reasons behind the strong demand and high prices are:

  • Close to workspaces: The area is around 10 kilometres from work hubs like the Financial District. It is very attractive to professionals and HNIs. These renters want luxury homes close to work and do not mind paying more for them.
  • Growing families: Many households now have grandparents, parents, and children under one roof. These families need larger homes. The new family dynamic is creating a strong need for larger 4-BHK units.
  • Good infrastructure: There is good infrastructure here, with all city services. There is also easy ORR access. These add to the quality of life, which in turn has driven up the prices of homes.

Market Figures


The 4-BHK units in Tellapur are sized from 2700 square feet onwards. The prices of these homes currently start at about Rs. 2 crores. Resale units sell fast due to high demand and limited supply.

What Lies Ahead


By 2031, large projects here will be complete, with no more 4-BHKs being built. As families grow and tenants want better lifestyles, Tellapur's 4-BHK shortage will drive premiums further up. Buying a 4-BHK in a luxury project like Prestige Golden Grove now is wise. It will be a valuable asset in a market where supply is constrained.

FAQs


1. Why is the price of 4-BHK homes in Tellapur high?

The 4-BHK units are expensive because there are few of these available. Prices are also high because of demand, the location, and good infrastructure.

2. Why is there a shortage of 4-BHK in the area?

There are fewer 4-BHK homes here because most builders build 2 and 3-BHKs, which sell faster.

3. Who usually rents 4-BHK homes in Tellapur?

These spacious homes are popular with senior professionals, HNIs, and larger families.

4. Are the homes good for families with older members?

Yes, these units have enough room for everybody, and seniors can enjoy their own space.

5. How does the area's infrastructure affect the prices of 4-BHK units?

Excellent infrastructure in the area, such as the Gopanpally flyover, upgrades the standard of living here. It drives up the prices of the 4-BHK homes.

6. Is it a good decision to buy a 4-BHK in Tellapur?

Yes, it is wise to buy a 4-BHK in a project like Prestige Golden Grove. The market is seeing rising demand and low supply, making these units valuable assets.

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