Tirumalgherry, in Secunderabad’s cantonment region, is best known for its upmarket defence crowd. Its central location and proximity to Secunderabad railway station has made it popular as a residential area, and it houses some of the best residential localities in the twin cities. Tirumalgherry is also one of the best places to shop in Hyderabad-Secunderabad. It boasts of a number of factory outlets from Levi’s to Nike to Reebok. Software major Satyam Computer Services has one of its largest campuses here, making it a key attraction for people working in the IT company. Residential: Tirumalgherry is close to the Secunderabad railway station and also to the defence quarters. Posh residential colonies such as Vikrampuri, Gunrock and Surya colony are located here. It also has a number of hospitals and schools — adding to its value as a preferred residential location. The capital value for residential property is around Rs 2,300-2,600 per sq ft. Retail: The area is home to most of factory outlets in the city from Reebok, Nike, Levi’s, and to popular eateries such as McDonald’s, KFC and Pizza Den (popular especially among teenagers and working couples). Retail grocery chains such as Trinethra and Food Bazaar are also located in this area. The rentals for retail are at Rs 60-70 per sq ft per month. The capital values for retail stores are as high as Rs 6,500-7,500 per sqft. Commercial: Being the home for most of the factory outlets and also being close to the defence area, Tirumalgherry has attracted a number of commercial investors. As a result, the capital value of commercial property in the region is quoted at Rs 4,00-4,200 per sq ft. The rentals hovers at Rs 32-34 per sq ft.
Courtesy : The Economic Times
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