Neopolis: Everything You Need to Know
Did you know that real estate prices in Neopolis have skyrocketed recently? It’s estimated that an acre of land was auctioned by the government for around Rs. 60 crores per acre. In a second phase of auctions, the highest bid reached 100 crores.
Neopolis is expected to become Hyderabad’s next big hotspot, potentially outpacing the growth of the Financial District. It will offer residential spaces for employees in nearby areas and create a variety of job opportunities. In the future, Neopolis is projected to house one of India’s largest IT parks, which will further boost real estate growth in surrounding areas.
Let’s take a closer look at the key aspects of the Neopolis project. We’ll cover details like location, nearby infrastructure, and the areas that are likely to benefit from this development.
What is Neopolis?
Kokapet Neopolis is one of the esteemed projects focused on layout development in Hyderabad. The main aim of this project is to provide a sustainable and smart layout to facilitate development.
It is located near the Movie Towers area in Kokapet, which borders the Outer Ring Road and Shankarpally Road. The project covers 530 acres, of which 49 acres have been auctioned and sold. The remaining land is still under the control of the state government.
The location is advantageous, as one side of the ORR leads to Kollur, Muthangi, and other areas, while the other side connects to Shamshabad. Its proximity to the Financial District is a key factor driving rapid growth.
Neopolis is situated on a hilltop region, with an elevation of 588 meters above mean sea level.
In Neopolis, there are seven land plots under survey numbers 239 and 240, totaling around 49 acres. These plots were auctioned by the state government, with the highest bid reaching Rs. 60 crores per acre, as we discussed. The auction took place on July 14, 2021. In contrast, back in 2007, an acre in the same area was auctioned for Rs. 14 crores.
The Telangana government has invested around Rs. 300 crores for the development of this prestigious project, which is overseen by the Hyderabad Metropolitan Development Authority (HMDA).
The core concept of Neopolis is to create a sustainable layout that minimizes environmental impact. As a greenfield project, it aims to be one of the best developments in the country.
This goal is typically achieved through the implementation of renewable energy sources and the promotion of sustainable transportation options.
Neopolis Infrastructure Details
Let us start by discussing the left side of the map, which has been presented below.
As I mentioned earlier, the bordering roads are the ORR and Shankarpally Road. The land of Neopolis that borders the ORR falls under the category of GO111.
Beyond the GO111 area, there is a 36-meter road, which is a six-lane road. If you take a look, the plots marked in brown are those that have been auctioned by the government.
The land in Neopolis is designated as a multi-purpose use zone. Within this multiple-use zone, we can expect the following:
- Hotels
- Retail spaces
- Office spaces
- Shopping malls
- Residential spaces
- Multi-model transit hub
- Metro multi-level parking
Additionally, this land has an unlimited Floor Space Index. Since the land is located in an encumbrance-free area, there won’t be any legal issues or disputes related to it.
The Metro network is currently under active development, including the Metro Neo line. Once completed, connectivity will be significantly improved between Neopolis and surrounding areas.
The sector-3 land is bordered by a 45-meter-wide road, which will be an eight-lane road. These 36-meter and 45-meter roads will come with features like:
- Cycling tracks
- Pedestrian walkways
- Utility ducts
- Stormwater drains
- Tree zones with streetlights
One of the surrounding 45-meter roads connects the ORR to Shankarpally Road. This road will span 2 kilometers, and the construction has already begun. This development will make it easier for residents of Neopolis to access both the ORR and Shankarpally Road.
Since the layout is designed to be smart, the primary goal is to enhance the quality of life for the residents.
Here are some of the key and beneficial features we can expect:
Smart building technology like:
- Energy-efficient lighting system
- Energy-efficient heating system
Smart layout infrastructure like:
- Traffic management systems
- Public Wi-Fi
- Drinking water pipelines
- Dedicated power substations of 400kv capacity
- Underground cables for electricity
Neopolis is just 2 minutes away from the ORR, which greatly enhances connectivity. It is also located close to the Financial District and Hitec City.
The state government has allocated 5.3 acres for power substations and 9.3 acres for the water board.
Employability:
Various companies are investing in Neopolis for their office spaces, which could potentially enhance the employability of people in the surrounding areas. It is estimated that the commercial project in Neopolis is attracting investments worth around Rs. 16,000 crores.
Neopolis is expected to host many companies in the commercial land parcel being developed by My Home Life Hub, which would create numerous jobs in the areas up to the Muthangi ORR exit.
Additionally, most people employed in the Financial District and Hitec City can easily reach their workplaces from Neopolis. This convenience is likely to boost real estate growth, leading to increased demand for residential spaces from employees working in those areas.
Trumpet-shaped Interchange Road
A trumpet-shaped interchange road is already under construction in Neopolis. An interchange is typically a road junction that connects expressways to other roads or service roads.
Once this interchange is completed, connectivity to Neopolis will be significantly improved. This means that people coming from Shamshabad or Gachibowli will be able to reach Neopolis easily.
This interchange road, along with another interchange at Narsingi, is being developed by the HMDA. The state government has allocated Rs. 60 crores for the development of this project.
The primary benefit of the Neopolis Interchange and Narsingi Interchange is to enhance connectivity between different areas.
Areas Poised for Growth and Appreciation Due to Neopolis
The Neopolis project is expected to have a significant positive impact on many surrounding areas.
Its proximity to the IT hub and other important regions in the west zone will contribute to Neopolis’s rapid development.
This project will enhance the real estate sector in the already developed areas of the Golden Triangle. Below are some of the areas that will experience further growth because of the Neopolis project.
- Shankarpally
- Mokila
- Kollur
- Velimala
- Pati
- Tellapur
- Kismatpur
- Appa Junction
Neopolis is set to feature best-in-class development. It is expected to grow at a rate comparable to or even surpassing that of the Financial District. With this level of growth, real estate prices in Neopolis and the surrounding areas are likely to increase significantly.
Amenities
There are several star hotels located near Neopolis, including Marriott Executive Apartments, Sheraton, Fairfield, and Hyatt.
In the vicinity, you can find many quality schools such as Indus, Gaudium, Oakridge, Rockwell International, and Birla Open Minds.
Hospitals like AIG, Continental, Sunshine, and Care are also nearby.
Additionally, many gated communities are situated within a 3 to 4 km radius of Neopolis. These residential projects come from builders at local, national, and international levels.
Residential Projects
With the rapid growth being experienced, Neopolis is seeing many residential projects under construction.
These residential developments include luxury apartments that offer access to advanced facilities and amenities.
Most of these projects target premium property buyers due to the high cost of real estate in this area.
Let’s take a look at some of the notable residential and commercial projects currently under construction in Neopolis.
- My Home Nishida (Residential Project)
My Home Nishida is a 44-floor apartment project consisting of 8 towers and 1,398 units. The total area occupied by this project in Neopolis is 16.68 acres. Flats in this apartment project are expected to range between 3,450 sq. ft. and 4,617 sq. ft. - Prestige Clairemont (Residential Project)
This apartment project is being constructed with a plan for 39 floors. It will feature 4 towers containing 928 units. The land occupied by this project in Neopolis is 7.56 acres, with flats expected to range between 1,989 sq. ft. and 4,037 sq. ft. - My Home Life Hub (Commercial Project)
A high-rise office tower called My Home Life Hub, with around 31 to 35 floors, is under construction. This is a mixed-use project that will include retail space, office space, and a commercial complex for shops.The overall space for this project is approximately 25 million sq. ft., being built on 68 acres of land in Neopolis. This project is situated adjacent to the Khanapur lands of My Home Group. It will include offices, luxury hotels, convention centers, and more, with investments projected to be around Rs. 16,000 crores.
Conclusion:
Neopolis is poised to become a beacon of growth in the western part of Hyderabad in the future. There is potential for numerous IT companies in the area, along with various other infrastructure projects.
The government is supporting this development through several infrastructure initiatives. For instance, the trumpet-shaped interchange and the road connecting the ORR to Shankarpally Road will enhance connectivity and help reduce traffic heading toward Pati Ghanpur and Shamshabad.
Surrounding areas such as Khanapur, Tellapur, Kollur, and Velimala will experience significant growth due to Neopolis. Apartment prices within a 3 to 5 km radius are expected to rise, while residential villas in nearby localities, up to 15 to 18 km away, will see increased demand. This growth is driven by the commercial space in Neopolis and the IT companies that are set to establish themselves there.
Finally, investing in flats or villas can be advantageous for achieving higher profits once the Neopolis project is completed. This development will also benefit end users due to the amenities and facilities available.
