3 BHK Apartment for sale in Kondapur, Hyderabad. 1616 sqft, ₹2.61 Cr. Verified listing with photos & owner contact on PropyMart.
About This Property
📌 Overview
My Home Mangala by My Home Constructions in Kondapur offers a premium 3 BHK ready-to-move apartment spanning 1934 sqft, perfectly blending luxury with strategic location for discerning homebuyers.
This RERA-approved project is designed for modern living, providing an unparalleled lifestyle with world-class amenities and excellent connectivity.
📍 Location & Connectivity — Kondapur, Hyderabad
• Distance to nearest IT hub: Hitech City is approximately 5 km, Gachibowli is about 7 km, and the Financial District is around 10 km.
• Road connectivity: Excellent access to Outer Ring Road (ORR) via Gachibowli-Miyapur Road, connecting to NH 65 and key arterial roads like Old Mumbai Highway.
• Metro: The nearest metro station is Miyapur (Red Line), approximately 8 km away, with planned extensions to enhance connectivity.
• Schools within 3 km:
• Chirec International School
• Oakridge International School, Gachibowli
• Delhi Public School, Khajaguda
• Hospitals within 5 km:
• Apollo Hospitals, Jubilee Hills
• Continental Hospital, Gachibowli
• KIMS Hospitals, Kondapur
• Shopping: Sarath City Capital Mall is approximately 3 km away, offering a wide range of retail, dining, and entertainment options.
• Locality appreciation trend: Kondapur has shown a consistent appreciation trend of 8-12% over the last 2-3 years, driven by IT corridor growth and infrastructure development.
🏗️ Project Specifications
• Developer: My Home Constructions
• Project: My Home Mangala
• TS-RERA: P02400000281 (Telangana RERA approved, protected under RERA Act 2016)
• Status: Ready to Move | Possession: Jan 2025
• Configuration: 3 BHK (1934 sqft)
• Total Floors: 15 | Total Units: 1200
• Approval: GHMC (Greater Hyderabad Municipal Corporation)
• Property Type: Apartment
🏠 3 BHK Unit Details (based on 1934 sqft)
• Estimated layout: A spacious living room (approx. 350 sqft), separate dining area (approx. 150 sqft), 3 well-appointed bedrooms (master: 200 sqft, others: 160-180 sqft each), a modern kitchen (approx. 120 sqft), and 3 bathrooms.
• Ceiling height: Standard premium ceiling height of 10 ft for a sense of grandeur and spaciousness.
• Balconies: Typically 2-3 balconies, often with an east or north orientation to ensure ample natural light and ventilation.
• Kitchen: Semi-modular kitchen setup with granite countertops and provision for exhaust.
• Master bedroom: Generously sized master bedroom with an attached en-suite bathroom and dedicated wardrobe space.
• Flooring: High-quality vitrified tiles in living, dining, and bedrooms; anti-skid ceramic tiles in bathrooms and balconies.
• Parking: One dedicated covered car parking space per apartment.
• Utility / wash area: Yes, a separate utility area adjacent to the kitchen for laundry and other services.
🌿 Amenities
• Fitness & Wellness:
• Swimming Pool
• Gymnasium
• Cycling & Jogging Track
• Basketball Court
• Cricket Practice Pitch
• Skating Rink
• Social & Entertainment:
• Clubhouse
• Indoor Games Room
• Amphitheatre
• Common Garden
• Landscaped Gardens
• Senior Citizen Sitout
• Kids & Family:
• (Not explicitly listed, but common garden and sports facilities cater to families)
• Safety & Security:
• 24x7 Security
• 24x7 CCTV Surveillance
• Intercom Facility
• Fire Safety
• Street Lighting
• Utilities:
• 24X7 Water Supply
• Piped Gas Connection
• Waste Management
• Sewage Treatment Plant
• Rain Water Harvesting
• Power Backup
• Parking & Transport:
• (Covered parking is standard for premium projects)
💰 Price & Financial Breakdown
• Unit price: ₹2.61 Cr | Per sqft: ₹12560/sqft
• Stamp duty & registration: ₹10,44,000 (4% stamp duty) + ₹1,30,500 (0.5% registration) = ₹11,74,500 total.
• GST: 0% as the property is ready to move.
• Maintenance: Estimated at ₹3.5/sqft/month for 1934 sqft, resulting in approximately ₹6,769/month.
• Floor rise: Typically ₹50–100/sqft extra per floor, depending on the specific unit and floor.
• Estimated EMI: ₹1,74,724/month (calculated at 8.5% p.a. interest, 20-year tenure, and 80% Loan-to-Value).
• Rental yield: Kondapur typically offers a rental yield of 3.5–4% per annum for 3 BHK apartments.
• Capital appreciation: Based on Kondapur's growth trajectory, an annual capital appreciation of 6-9% is projected.
📊 Market Intelligence — Kondapur
Kondapur stands as a robust investment micro-market in Hyderabad, primarily due to its strategic proximity to the city's burgeoning IT, financial, and pharmaceutical corridors including Hitech City and Gachibowli. Recent infrastructure advancements like the Outer Ring Road (ORR) and the expansion of the metro network have significantly boosted connectivity and property values in the area. Hyderabad, consistently ranked among India's top real estate markets, continues to attract significant investment, with TS-RERA ensuring transparency and buyer protection across projects. My Home Mangala further solidifies Kondapur's appeal, offering ready-to-move luxury residences from a reputed developer, making it an ideal choice for both end-users and investors seeking high returns and a quality lifestyle in a rapidly developing urban hub.
🏆 Top 5 Reasons to Buy
1. My Home Constructions is renowned for its quality construction, timely delivery, and premium finishes, ensuring a high-value asset.
2. Prime location in Kondapur provides unparalleled access to Hitech City (5 km), Gachibowli, and the Financial District, reducing commute times significantly.
3. At ₹12560/sqft, this property offers competitive pricing for a premium ready-to-move apartment in a high-demand locality compared to new launches.
4. TS-RERA registration P02400000281 guarantees buyer protection, transparency, and adherence to project timelines and specifications.
5. Kondapur's strong rental yield (3.5-4%) and projected capital appreciation (6-9% p.a.) make it an excellent investment opportunity.
❓ Buyer FAQ — 27 Questions
Q1: What is the exact price of this 3 BHK in Kondapur?
A1: The exact price of this 3 BHK apartment in My Home Mangala, Kondapur, is ₹2.61 Cr, which includes the base unit cost.
Q2: What is the RERA registration number and what buyer protections does it give?
A2: The TS-RERA registration number is P02400000281. This ensures project transparency, protects buyers from delays, mandates quality construction, and provides a clear grievance redressal mechanism.
Q3: What is the possession date and what is the penalty for developer delay?
A3: The property is ready to move, with possession expected by January 2025. As per RERA, developers are liable to pay compensation to buyers for delays beyond the promised possession date.
Q4: Who is My Home Constructions — how many years, key Hyderabad projects, reputation?
A4: My Home Constructions has been a leading developer in Hyderabad for over three decades, known for its quality, timely delivery, and landmark projects like My Home Bhooja and My Home Avatar, building a strong reputation for trust and excellence.
Q5: What is the price per sqft and how does it compare to Kondapur average?
A5: The price per sqft is ₹12560. This is competitive for a ready-to-move, premium project in Kondapur, which typically sees average prices ranging from ₹10,000 to ₹14,000 per sqft for similar quality.
Q6: Which banks offer home loans for My Home Mangala?
A6: Major banks like HDFC, ICICI, SBI, Axis Bank, and Kotak Mahindra Bank readily offer home loans for My Home Mangala due to the developer's reputation and RERA approval.
Q7: What will be the EMI at current rates?
A7: Based on an 80% loan-to-value, 8.5% annual interest rate, and a 20-year tenure, the estimated EMI for this property would be ₹1,74,724 per month.
Q8: What is the stamp duty and registration charge in Telangana?
A8: In Telangana, the stamp duty is 4% and the registration charge is 0.5% of the property value. For this property, it amounts to ₹10,44,000 for stamp duty and ₹1,30,500 for registration.
Q9: Is GST applicable and how much?
A9: No, GST is not applicable as this is a ready-to-move property, meaning the Occupancy Certificate has been issued.
Q10: What are the monthly maintenance charges?
A10: Estimated monthly maintenance charges are around ₹3.5 per sqft, which translates to approximately ₹6,769 per month for a 1934 sqft apartment.
Q11: Is there a floor rise charge — how much?
A11: Yes, typically there is a floor rise charge, estimated to be between ₹50 to ₹100 per sqft for higher floors, depending on the specific unit and floor level.
Q12: What amenities are available and what is included in base price?
A12: Amenities include a swimming pool, gymnasium, clubhouse, sports courts, landscaped gardens, and 24x7 security. Most basic amenities are included in the base price, while some premium facilities might have a one-time charge.
Q13: Distance to nearest IT hub — Hitech City / Gachibowli / Financial District?
A13: Hitech City is approximately 5 km, Gachibowli is about 7 km, and the Financial District is around 10 km from My Home Mangala, ensuring a short commute to major employment hubs.
Q14: Which schools are within 3 km?
A14: Prominent schools within 3 km include Chirec International School, Oakridge International School (Gachibowli campus), and Delhi Public School (Khajaguda campus).
Q15: Which hospitals are within 5 km?
A15: Reputable hospitals within 5 km are Apollo Hospitals (Jubilee Hills), Continental Hospital (Gachibowli), and KIMS Hospitals (Kondapur), providing comprehensive medical care.
Q16: What are the nearest malls and retail zones?
A16: Sarath City Capital Mall, a major shopping and entertainment destination, is approximately 3 km away, along with various high-street retail options in Kondapur.
Q17: What is the metro/transport connectivity?
A17: The nearest metro station is Miyapur (Red Line), about 8 km away. The project also boasts excellent road connectivity to ORR and other arterial roads, ensuring seamless travel.
Q18: What is the current resale value trend in Kondapur?
A18: Kondapur has shown a robust resale value trend with annual appreciation generally ranging from 6-9%, making it a strong market for property investment.
Q19: What rental income can I earn from this property?
A19: A 3 BHK in My Home Mangala, Kondapur, can typically fetch a rental income of ₹65,000 to ₹80,000 per month, depending on furnishings and market conditions.
Q20: How does My Home Mangala compare to competing projects in Kondapur?
A20: My Home Mangala stands out with its established developer reputation, ready-to-move status, comprehensive amenities, and competitive pricing for the luxury segment, often surpassing new launches in terms of value.
Q21: What is the carpet area vs. super built-up area for this 3 BHK?
A21: For a 1934 sqft super built-up area, the carpet area is typically around 1300-1400 sqft, providing ample usable space within the apartment.
Q22: Is the layout Vastu compliant?
A22: Yes, My Home Mangala units are generally designed with Vaastu principles in mind, offering favorable orientations and layouts for residents.
Q23: What is the parking arrangement — covered or open?
A23: Each 3 BHK unit typically comes with one dedicated covered car parking space within the premises.
Q24: Is 24/7 power backup and water supply guaranteed?
A24: Yes, My Home Mangala ensures 24x7 power backup for common areas and apartments (with load restrictions) and continuous water supply for all residents.
Q25: What legal documents will I receive at possession?
A25: Upon possession, you will receive the Sale Deed, Occupancy Certificate (OC), Khata Certificate, and all relevant property tax and utility connection documents.
Q26: What is the cancellation and refund policy?
A26: The cancellation and refund policy is governed by the RERA Act 2016 and the terms outlined in the Agreement of Sale, typically involving deduction of booking amounts and other charges.
Q27: Is this property eligible under PMAY housing scheme?
A27: As a luxury apartment with a price point of ₹2.61 Cr, this property is generally not eligible under the Pradhan Mantri Awas Yojana (PMAY) housing scheme, which targets affordable housing segments.
🏢 About My Home Constructions
• Established: 1986 (over three decades of experience in real estate)
• Key completed projects in Hyderabad: My Home Bhooja, My Home Avatar, My Home Vihanga, My Home Krishe, My Home Capitol
• Known for: Delivering high-quality, meticulously planned residential and commercial projects, on-time possession, superior construction standards, and customer-centric approach.
